Merrywell Christopher 4

What Happened

• Christopher Merrywell, Senior Executive Vice President of Columbia Banking System, had 12,576 performance-based restricted stock units (PRSUs) vest on Feb 2, 2026. The vesting is reported as an acquisition (A) at $29.69 per share for a gross value of $373,381. To satisfy tax withholding, 4,949 shares were withheld (F) at the same price, a value of $146,936. Net shares retained after withholding: 7,627 (net value approx. $226,445).

Key Details

• Transaction date: 2026-02-02; reported on Form 4 filed 2026-02-04 (appears timely).
• Prices reported: $29.69 per share for both the grant/vesting and the withholding.
• Shares acquired: 12,576 (gross value $373,381).
• Shares withheld/disposed for taxes: 4,949 (value $146,936).
• Net shares retained: 7,627 (approx. $226,445 net value, based on reported price).
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes: F1 — these shares vested under PRSUs granted Feb 21, 2023, based on Columbia’s relative return on tangible common equity vs. a peer group for fiscal 2023–2025; F2 — the 4,949-share disposition represents withholding to satisfy tax obligations.

Context

• This was a vesting of performance-based equity, not an open-market purchase or sale. The withholding of shares to cover taxes is routine and does not by itself indicate a change in the insider’s view of the company. The award’s vesting was contingent on multi-year performance metrics (per the footnote).