Columbia Banking (COLB) risk chief reports tax-share disposition on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COLUMBIA BANKING SYSTEM, INC. executive Andrew H. Ognall reported a tax-related share disposition on Common Stock. An automatic tax-withholding transaction disposed of 1,304 shares at $28.45 per share, leaving 72,702 shares held directly and 2,635 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
OGNALL ANDREW H
Role
EVP Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,304 | $28.45 | $37K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 72,702 shares (Direct);
Common Stock — 2,635 shares (Indirect, by 401(k))
Footnotes (1)
FAQ
What insider transaction did COLB executive Andrew H. Ognall report on this Form 4?
Andrew H. Ognall reported a tax-related disposition of Columbia Banking System common stock. A tax-withholding transaction disposed of 1,304 shares, recorded at $28.45 per share, as part of satisfying an exercise price or tax liability using previously owned shares.
What does transaction code F mean in Andrew H. Ognalls COLB Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,304 Columbia Banking System common shares were used to cover a tax obligation, categorized as a tax-withholding disposition instead of a standard market sale.
How are Andrew H. Ognalls indirect COLB holdings structured in this Form 4?
The Form 4 lists 2,635 Columbia Banking System common shares as indirectly owned. These indirect holdings are identified with a nature of ownership by 401(k), indicating they are held within a 401(k) retirement plan rather than in a standard brokerage account.
Does this COLB Form 4 show any open-market buying or selling by Andrew H. Ognall?
The filing does not show open-market buying or selling. The only characterized transaction is a tax-withholding disposition under code F, where 1,304 Columbia Banking System shares were delivered to satisfy an exercise price or tax liability, rather than sold on the market.