Namdar Frank 4

What Happened

• Frank Namdar, EVP & Chief Credit Officer of Columbia Banking System (COLB), received a grant of 8,002 restricted stock units (RSUs) on 2026-02-18. The grant is reported at a grant-date value of $31.24 per unit, totaling approximately $249,982. This transaction is an award/grant (derivative), not an open-market purchase.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely filing).
• Grant details: 8,002 RSUs at $31.24 per unit; total reported value ~$249,982.
• Vesting: F1 — RSUs granted 02/18/2026 vest 33.33% per year over three years.
• Derivative note: the award is a derivative grant (RSUs) that convert to shares upon vesting; filing labels transaction as "A" (award/grant).
• Shares owned after transaction: not specified in the provided filing.
• Additional footnote: F2 describes the registrant’s deferred compensation phantom stock being cash-settled after employment (applies to deferred-comp balances).

Context

• RSU grants are a form of compensation and typically vest over time; they do not represent immediate open-market buying or selling. This award signals standard compensation alignment rather than an immediate bullish or bearish trading action.