Deer Aaron James 4
4 · COLUMBIA BANKING SYSTEM, INC. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Columbia Banking (COLB) EVP Aaron Deer Receives Award
What Happened
Aaron Deer, EVP & Chief Strategy and Innovation Officer at Columbia Banking System (COLB), had 2,620 performance-based restricted stock units vest on Feb 2, 2026. The vested shares were valued at $29.69 each for a gross value of $77,788. To satisfy tax withholding, 1,191 shares (worth $35,361) were withheld, leaving a net delivery of 1,429 shares (net value ≈ $42,427). This was an award/vesting event (not an open-market buy or sale).
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04 (filed timely).
- Price used: $29.69 per share.
- Gross shares vested: 2,620 (total value $77,788).
- Shares withheld for taxes: 1,191 (value $35,361) — tax withholding (Code F).
- Net shares delivered: 1,429 (net value ≈ $42,427).
- Shares owned after transaction: not reported in the provided filing.
- Footnotes: F1 — RSUs granted Feb 21, 2023, vested based on Columbia’s relative return on tangible common equity vs peer group for FY 2023–2025; F2 — withholding to satisfy tax obligations.
- Transaction codes: A = Award/Grant (vesting); F = Tax withholding.
Context
This was a performance-based RSU vesting tied to multi-year relative performance metrics, not a purchase or sale that signals a change in voting or market exposure. Withholding of shares to cover taxes is a routine administrative step (a form of cashless tax payment) and is common when awards vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-02$29.69/sh+2,620$77,788→ 43,565 total - Tax Payment
Common Stock
[F2]2026-02-02$29.69/sh−1,191$35,361→ 42,374 total
Footnotes (2)
- [F1]Shares granted pursuant to the terms of the performance restricted stock units granted on February 21, 2023, which vested on February 2, 2026 based on to the issuer's relative return on tangible common equity for fiscal years 2023-2025 compared to a Compensation Committee approved group of peers.
- [F2]Represents withholding of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the shares granted pursuant to the terms of the performance restricted stock units vesting.