Columbia Banking (NASDAQ: COLB) EVP reports 211-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Columbia Banking System executive Lakely Brock reported a routine tax-related share disposition. On March 13, shares of Common Stock were withheld by the issuer to satisfy tax obligations tied to an equity award vesting, totaling 211 shares at $26.23 per share. After this withholding, Brock directly holds 11,104 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lakely Brock
Role
EVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 211 | $26.23 | $6K |
Holdings After Transaction:
Common Stock — 11,104 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did COLB executive Lakely Brock report on this Form 4/A?
Lakely Brock reported a tax-related share disposition. The issuer withheld 211 shares of Common Stock at $26.23 per share to satisfy tax obligations arising from equity award vesting, leaving Brock with 11,104 directly held shares afterward.
Is the Lakely Brock Form 4/A transaction for COLB an open-market sale?
The transaction is not an open-market sale. It is coded F, meaning shares were withheld by the issuer to cover tax obligations from equity award vesting, rather than being sold by Brock on the open market.
What does the amendment in Lakely Brock’s Form 4/A for COLB correct?
The amendment corrects the transaction code from S to F. It clarifies that the reported disposition reflects shares withheld by the issuer to satisfy tax obligations from equity award vesting, not an open-market sale of Columbia Banking System stock.
What role does Lakely Brock hold at Columbia Banking System (COLB)?
Lakely Brock serves as Executive Vice President and Chief Accounting Officer. This officer role is disclosed in the Form 4/A, which reports the tax-related share withholding tied to Brock’s equity compensation vesting in Columbia Banking System stock.