Form 4: Columbia Banking System Executive VP Reports Stock Disposals
SEC Form 4 Filing
Torran B. Nixon, a Senior Executive VP at Columbia Banking System, reported disposing of shares to cover tax obligations.
Summary
- On March 8, 2024, Torran B. Nixon, a Senior Executive VP at Columbia Banking System, disposed of 4,186 and 2,411 shares of common stock at a price of $19.51 per share.
- These transactions were likely to cover tax obligations.
- Following the transactions, Nixon directly owns 118,515 shares of common stock.
- Nixon also indirectly owns 3,650 shares through the Nixon Family Trust and 1,280 shares through a 401(k).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock disposal transactions |
| 03/12/2024 | Date of signature on the Form 4 filing |
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