Columbia Banking (COLB) CEO reports forfeitures and tax withholdings
Rhea-AI Filing Summary
Columbia Banking, Inc. Chair, President and CEO Clint Stein reported several equity award-related changes in his common stock holdings on January 20, 2026. He forfeited 3,588 shares tied to performance restricted stock units granted on February 21, 2023 because a total shareholder return target was not met at target, and separately forfeited 2,727 shares from performance restricted stock units granted on March 14, 2023 for the same reason. In addition, 7,615 shares and 5,635 shares of common stock were withheld at a price of $28.35 per share to satisfy his tax withholding obligations associated with the vesting of previously issued restricted stock units. Following these transactions, Stein directly owned 123,396 shares of Columbia Banking common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 3,588 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,615 | $28.35 | $216K |
| Disposition | Common Stock | 2,727 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,635 | $28.35 | $160K |
Footnotes (1)
- Shares forfeited pursuant to the terms of the performance restricted stock units granted on February 21, 2023 and reported on the reporting person's Form 4 filed on February 21, 2023 (in accordance with Rule 16b-3(e)) due to the issuer's total shareholder return performance target not being met at target. Represents withholding of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting of previously issued restricted stock units. Shares forfeited pursuant to the terms of the performance restricted stock units granted on March 14, 2023 and reported on the reporting person's Form 4 filed on March 15, 2023 (in accordance with Rule 16b-3(e)) due to the issuer's total shareholder return performance target not being met at target.
FAQ
Who is the insider in the COLB Form 4 filing and what is their role?
The insider is Clint Stein, who serves as Chair, President, and CEO of Columbia Banking, Inc. (COLB), and is also a director of the company.
What types of transactions did COLB CEO Clint Stein report on January 20, 2026?
Clint Stein reported forfeitures of performance-based restricted stock units (transaction code D) and share withholdings for taxes related to restricted stock unit vesting (transaction code F) in Columbia Banking common stock.
Were these COLB insider transactions open-market sales by the CEO?
No. The filing describes forfeitures of performance-based restricted stock units due to total shareholder return targets not being met and share withholdings to satisfy tax obligations on vesting restricted stock units, rather than open-market share sales.