Form 4: Columbia Banking EVP Forfeits Shares, Sells for Tax

Columbia Banking System's EVP Chief Marketing Officer, David Moore, reported the forfeiture of 260 shares due to unmet performance targets and the sale of 628 shares for tax obligations.

Summary

• David Moore, EVP Chief Marketing Officer of Columbia Banking System, Inc. (COLB), reported changes in his beneficial ownership of common stock.
• On January 20, 2026, 260 shares were forfeited from performance restricted stock units (PRSUs) granted on February 21, 2023, because the company's total shareholder return performance target was not met.
• An additional 628 shares were disposed of on January 20, 2026, 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, Moore Devine David beneficially owns 22,137 shares of Columbia Banking System, Inc. common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 4

Explanation: The forfeiture of performance-based shares due to unmet total shareholder return targets is a negative signal regarding the company's performance against specific metrics. However, the disposition of shares for tax withholding is a routine event associated with the vesting of equity awards, which itself is a positive outcome for the executive. The net impact is slightly negative due to the performance-related forfeiture.

Positives

• The disposition of 628 shares for tax withholding indicates the vesting of previously issued restricted stock units, representing the successful achievement of some compensation milestones for the executive.

Negatives

• Forfeiture of 260 shares of common stock due to the issuer's total shareholder return performance target not being met at target.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the unmet performance target, leading to share forfeiture, as a negative indicator of the company's performance against specific metrics.
• Employees may observe the impact of performance targets on executive compensation, which could influence internal perceptions of company performance and reward structures.

Key Dates

Keywords

Columbia Banking System, COLB, Form 4, Insider Transaction, Stock Forfeiture, Restricted Stock Units, Performance Shares, Executive Compensation, Tax Withholding