Form 4: Columbia Banking System CFO Ron Farnsworth Reports Changes in Beneficial Ownership

Ron Farnsworth, CFO of Columbia Banking System, reports changes in his beneficial ownership of company stock due to tax withholding related to vesting of restricted stock.

Summary

• On March 8, 2024, Ron Farnsworth, the Chief Financial Officer of Columbia Banking System, Inc., reported changes in his beneficial ownership of the company's common stock.
• The transactions involved the disposition of shares to cover tax obligations, with 3,002 shares disposed of at a price of $19.51, and 1,729 shares disposed of at a price of $19.51.
• Following these transactions, Farnsworth directly owns 149,405 shares of Columbia Banking System, Inc.
• Farnsworth also indirectly owns 1,354 shares through a spouse's IRA and 1,056 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in the CFO's overall holdings.

Key Dates