Torres Daria Stacy-Walls 4

What Happened
Director Daria Stacy‑Walls was granted 269.934 shares (recorded as an award/acquisition) at an imputed price of $18.06 per share, a total value of about $4,875, on March 6, 2026. The award represents phantom stock units purchased by the trustee of a rabbi trust under the Columbia Bank Stock Based Deferral Plan and will be settled in shares when distributed.

Key Details

• Transaction date and price: 2026-03-06, 269.934 units at $18.06 each (total ~$4,875).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1 — Units are phantom stock purchased by the trustee for the rabbi trust under the Columbia Bank Stock Based Deferral Plan; units will be settled in shares on distribution.
  • F2 — Awards granted under the 2019 Equity Incentive Plan; these awards vest in one year on March 11, 2026.
• Filing timeliness: Report filed 2026-03-10 (within the two-business-day Form 4 reporting window), so it was timely.

Context
This was a compensatory award (non-open-market acquisition) and represents deferred/director compensation rather than an outright purchase on the market. Phantom units convert to actual shares upon distribution and the award has a one‑year vesting schedule (Mar 11, 2026). Such awards are routine for directors and are different from immediate open-market purchases or sales.