Form 4: Columbia Sportswear EVP Lisa Kulok Reports Stock Transactions
SEC Form 4 Filing
Lisa Kulok, EVP and Chief Supply Chain Officer at Columbia Sportswear, reports the acquisition and disposal of common stock and restricted stock units related to vesting.
Summary
- Lisa Kulok, an EVP and Chief Supply Chain Officer at Columbia Sportswear Company, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- On August 1, 2024, Kulok acquired 150, 271, and 319 shares of common stock through the vesting of RSUs.
- Also on August 1, 2024, 249 shares were disposed of to satisfy tax withholding obligations at a price of $79.08 per share.
- Following these transactions, Kulok directly owns 3,590 shares of Columbia Sportswear common stock and holds 149, 812, and 1,595 restricted stock units from various grants.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions are related to compensation and tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the overall outstanding shares.
- Employees holding RSUs are affected as their awards vest over time, providing them with equity in the company.
Key Dates
| Date | Description |
|---|---|
| 01/28/2021 | Reporting person was granted 1,199 restricted stock units. |
| 08/01/2022 | Start date for vesting of 2,167 restricted stock units at 12.5% every six months. |
| 08/01/2023 | Start date for vesting of 2,554 restricted stock units at 12.5% every six months. |
| 08/01/2024 | Date of reported transactions: acquisition of shares through RSU vesting and disposal of shares for tax obligations. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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