Terry Hilliard C. III 4

What Happened Terry Hilliard C. III, a director of Columbia Banking System, Inc. (COLB), was granted 3,949 shares on May 14, 2026. The award is reported as an acquisition (transaction code A) at $0.00 per share (total reported value $0), indicating a compensatory grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-14; Filing date: 2026-05-18 (appears 4 days after the transaction).
• Transaction type/code: Grant/Award (A); 3,949 shares acquired at $0.00 per share.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnotes/plan details: No 10b5-1 plan, tax withholding, or other footnotes disclosed in the provided data.
• Timeliness: Filed 4 days after the reported transaction; Form 4s are generally due within 2 business days, so this appears to be a late filing.

Context Grants reported at $0.00 are typically compensatory awards (e.g., restricted stock or director compensation) and do not represent a cash purchase or sale in the open market. Such awards are common for directors and should be viewed as part of compensation rather than a direct signal of immediate insider buying or selling.