Form 4: Columbia Banking System Executive Reports Transaction in Deferred Compensation Plan
SEC Filing Form 4
Frank Namdar, Chief Credit Officer of Columbia Banking System, reports a transaction involving deferred compensation phantom stock related to an administrative fee assessment.
Summary
- Frank Namdar, the Chief Credit Officer of Columbia Banking System, Inc., filed a Form 4 on April 18, 2024, regarding changes in beneficial ownership.
- The transaction involved deferred compensation phantom stock accrued under the company's deferred compensation plan.
- One unit of deferred compensation phantom stock was transacted on April 16, 2024.
- The transaction was a routine disposition to fund an administrative fee assessment by the trustee of the company's deferred compensation plan.
- Following the reported transaction, Namdar indirectly owns 2,920 units of deferred compensation phantom stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding an executive's deferred compensation. It doesn't contain information that would significantly impact sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of the transaction involving deferred compensation phantom stock. |
| 04/18/2024 | Date of filing the Form 4. |
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