Form 4: Columbia Sportswear CEO Timothy Boyle Reports Changes in Beneficial Ownership
SEC Form 4
Timothy Boyle, Chairman, President, and CEO of Columbia Sportswear, filed a Form 4 detailing changes in his beneficial ownership of company stock due to transfers to and from grantor retained annuity trusts.
Summary
- On February 27, 2025, Timothy Boyle, the Chairman, President, and CEO of Columbia Sportswear, reported changes in his beneficial ownership of the company's common stock.
- The changes involve the transfer of 5,544 shares, resulting in a direct ownership of 15,972,147 shares.
- These changes are primarily due to transfers of shares to and from grantor retained annuity trusts (GRATs) held by Boyle.
- Boyle also indirectly owns shares through GRATs (7,122,333 shares), a spouse trust (1,014 shares), and a voting trust (2,000 shares).
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting changes in beneficial ownership due to routine trust transfers. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's ownership stake.
- It assures stakeholders that the CEO's interests are aligned with theirs.
Key Dates
| Date | Description |
|---|---|
| 01/24/2011 | Date of Boyle Columbia Sportswear Company Voting Trust |
| 12/14/2023 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 02/02/2024 | Date of share transfer to grantor retained annuity trusts held by the reporting person |
| 03/13/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 04/01/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 04/26/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 07/26/2024 | Date of share transfer to grantor retained annuity trusts held by the reporting person |
| 08/09/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 09/19/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 09/20/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 10/21/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 11/04/2024 | Date of share transfer to grantor retained annuity trusts held by the reporting person |
| 11/20/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 12/03/2024 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 01/31/2025 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 02/05/2025 | Date of share transfer to grantor retained annuity trusts held by the reporting person |
| 02/26/2025 | Date of share transfer from grantor retained annuity trusts held by the reporting person |
| 02/27/2025 | Date of transaction reported in Form 4. |
| 02/28/2025 | Date of signature for the Form 4 filing. |
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