Columbia Banking (COLB) exec has 2,980 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Banking System Senior Executive VP Torran B. Nixon reported a tax-related share disposition. On Common Stock, 2,980 shares were withheld at $28.45 per share to cover taxes, a non-open-market transaction coded as a tax-withholding disposition.
After this event, Nixon directly held 102,710 common shares. Indirectly, 3,650 shares were held by a family trust and 1,876 shares were held through a 401(k) account, reflecting total reported beneficial ownership across direct and indirect accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Nixon Torran B
Role
Senior Executive VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,980 | $28.45 | $85K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 102,710 shares (Direct);
Common Stock — 3,650 shares (Indirect, by family trust)
Footnotes (1)
FAQ
What insider transaction did COLB executive Torran Nixon report?
Torran B. Nixon reported a tax-withholding disposition of 2,980 shares of Columbia Banking System common stock. The shares were withheld at $28.45 per share to satisfy tax obligations, rather than sold in an open-market trade.
What does transaction code F mean in the COLB Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 2,980 Columbia Banking System shares were withheld at $28.45 per share specifically to satisfy tax obligations for Torran Nixon.
How much indirect ownership in COLB stock does Torran Nixon report?
Torran Nixon reports indirect ownership of 3,650 Columbia Banking System shares through a family trust and 1,876 shares through a 401(k) account. These holdings are in addition to his directly owned 102,710 common shares.