Columbia Banking (NASDAQ: COLB) risk chief logs 931-share tax disposition
Rhea-AI Filing Summary
Columbia Banking System executive reports tax-related share disposition
EVP and Chief Risk Officer Andrew H. Ognall reported a tax-withholding disposition of 931 shares of Columbia Banking System common stock at $31.49 per share. After this transaction, he directly held 74,006 shares, plus 2,635 shares held indirectly through a 401(k) plan.
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Insights
Small, tax-driven share disposition with limited signaling value.
Executive Andrew H. Ognall recorded a Form 4 transaction coded "F," indicating 931 shares of common stock were disposed of to satisfy tax obligations at a price of $31.49 per share. This reflects a withholding mechanism tied to equity compensation rather than an open-market sale.
Following the transaction, Ognall directly held 74,006 shares and indirectly held 2,635 shares via a 401(k) plan. Because the disposition is tax-related and relatively small compared with his remaining holdings, it generally carries limited informational value regarding his view of Columbia Banking System's prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 931 | $31.49 | $29K |
| holding | Common Stock | -- | -- | -- |
FAQ
What insider transaction did COLB executive Andrew H. Ognall report?
Was Andrew H. Ognall’s COLB transaction an open-market sale or tax withholding?
What role does Andrew H. Ognall hold at Columbia Banking System (COLB)?
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