Nixon Torran B 4

What Happened Nixon Torran B, Senior Executive Vice President of Columbia Banking System, surrendered 2,980 shares on 2026-03-01 to satisfy a tax withholding obligation tied to a prior equity award or option exercise. The shares were disposed at a reported value of $28.45 each, for a total of $84,781. This was a tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-03-01; filing date (Form 4): 2026-03-02 (timely).
• Shares surrendered/disposed: 2,980 at $28.45 per share; total value reported: $84,781.
• Transaction code/footnote: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Disposition type: shares surrendered to cover tax obligations (not an open-market sale).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: filed the next day — no late filing flag indicated.

Context This is a routine tax-withholding event commonly seen after option exercises or restricted stock vesting. Because the shares were surrendered to cover taxes (a cashless-type settlement), it does not represent a typical sell signal driven by liquidity needs or market views. For investors, such transactions primarily reflect compensation mechanics rather than an insider's buy/sell sentiment.