Form 4: Luis Machuca Reports Changes in Beneficial Ownership of Columbia Banking System, Inc.
SEC Form 4 Filing
Director Luis Machuca reports acquisition of deferred compensation phantom stock in Columbia Banking System, Inc.
Summary
- On October 30, 2024, Luis Machuca, a director of Columbia Banking System, Inc., acquired 1,567 shares of deferred compensation phantom stock.
- These shares were accrued under the company's deferred compensation plan and will be paid in cash upon the end of Machuca's employment with the company.
- Following the transaction, Machuca indirectly owns 44,416 shares of deferred compensation phantom stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing related to executive compensation.
Future Outlook
The deferred compensation plan phantom stock will be paid in cash in accordance with the terms of the deferred compensation plan following the end of the reporting person's employment with the Registrant.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to deferred compensation for a director.
Key Dates
| Date | Description |
|---|---|
| 10/30/2024 | Date of transaction: Luis Machuca acquired deferred compensation phantom stock. |
| 10/31/2024 | Date of signature on the report. |
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