Form 4: Columbia Banking System Executive Chairman Reports Share Transfer to Ex-Wife

Cort L. O'Haver, Executive Chairman of Columbia Banking System, reports a transfer of 5,335 shares of common stock to his ex-wife following a divorce settlement.

Summary

• Cort L. O'Haver, the Executive Chairman of Columbia Banking System, Inc. (COLB), filed a Form 4 with the SEC on February 18, 2025.
• The filing reports a transaction that occurred on February 14, 2025.
• Mr. O'Haver transferred 5,335 shares of Columbia Banking System common stock to his ex-wife pursuant to a Stipulated General Judgment of Dissolution of Marriage.
• The transaction is reported as a disposition (F) of shares for tax purposes at a price of $27.41.
• Following the transaction, Mr. O'Haver directly owns 410,497 shares of Columbia Banking System, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding a personal transaction of an executive. It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing relates to a personal matter of the Executive Chairman and doesn't necessarily reflect the company's operational performance or strategic direction.

Stakeholder Impact

• The share transfer has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.

Key Dates

Keywords

Form 4, SEC Filing, Columbia Banking System, COLB, Cort O'Haver, Share Transfer, Divorce Settlement, Executive Chairman