Form 4: COLB Executive Forfeits Performance Shares

Sentiment:

Insider Transaction Report 22 January 2026 6:09 PM

📋All filings for Columbia Banking System, INC

Columbia Banking System EVP Drew K. Anderson reported forfeiture of performance-based stock units and shares withheld for tax obligations.

Worse than expected390 shares of performance restricted stock units were forfeited because the issuer's total shareholder return performance target was not met at target.

Summary

EVP Chief Admin Officer Drew K. Anderson reported transactions on January 20, 2026, involving Columbia Banking System, Inc. common stock.
390 shares of common stock were forfeited due to the issuer's total shareholder return performance target not being met, stemming from performance restricted stock units granted on February 21, 2023.
An additional 1,114 shares of common stock were disposed of at a price of $28.35 per share to satisfy tax withholding obligations related to the vesting of previously issued restricted stock units.
Following these transactions, Drew K. Anderson beneficially owns 21,838 shares of common stock directly.

Sentiment

Score: 4

Explanation: The forfeiture of performance-based restricted stock units indicates that the company did not meet its total shareholder return performance target, which is a negative signal regarding company performance.

Negatives

Forfeiture of 390 shares of common stock by a key executive due to the company not meeting its total shareholder return performance target.

Risks

Failure to meet total shareholder return performance targets could indicate underlying operational or market challenges for Columbia Banking System, Inc.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: The forfeiture of performance-based units due to unmet total shareholder return targets could be a concern, indicating underperformance relative to internal goals.
Management/Employees: The executive's compensation was impacted by the unmet performance target, aligning executive incentives with shareholder returns.

Key Dates

Date	Description
02/21/2023	Grant date of performance restricted stock units that were later forfeited.
01/20/2026	Date of reported transactions (forfeiture and tax withholding of shares).
01/22/2026	Date the Form 4 was signed by the attorney-in-fact.

Recommendation

hold

The filing indicates that Columbia Banking System, Inc. failed to meet its total shareholder return performance target, leading to the forfeiture of executive performance-based stock units. While this is a negative signal regarding past performance, a single Form 4 transaction report is insufficient to make a definitive 'buy' or 'sell' recommendation. Investors should hold and monitor future financial reports and company guidance for a more comprehensive understanding of the company's trajectory and performance against its strategic objectives.

Keywords

Columbia Banking System, COLB, SEC Form 4, Insider Transaction, Stock Forfeiture, Restricted Stock Units, Executive Compensation, Performance Targets, Shareholder Return

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