Form 4: Columbia Sportswear Executive Peter Bragdon Reports Changes in Beneficial Ownership
SEC Form 4
EVP, CAO, and General Counsel Peter J. Bragdon of Columbia Sportswear reports transactions involving common stock and restricted stock units.
Summary
- On August 1, 2024, Peter J. Bragdon, EVP, CAO, and General Counsel of Columbia Sportswear, reported changes in beneficial ownership of the company's common stock and restricted stock units.
- These changes include the vesting of restricted stock units, shares withheld for tax obligations, and gifts of securities to his children.
- Bragdon's direct holdings of common stock decreased due to tax withholdings and gifts, while indirect holdings increased due to gifts to children.
- The reporting person disclaims beneficial ownership of the shares held by his children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment.
Management Comments
- The reporting person disclaims beneficial ownership of the shares held by his children, and this report should not be deemed an admission that the reporting person is the beneficial owner of his children's shares for purposes of Section 16 or for any other purpose.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Related Party Transactions
- Gifts of securities were made to the reporting person's children.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 01/28/2021 | Reporting person was granted 1,336 restricted stock units, 12.5% of the restricted stock units vest semi-annually. |
| 08/01/2022 | The grant of 3,370 restricted stock units vests at 12.5% every six months beginning on this date. |
| 08/01/2023 | The grant of 3,715 restricted stock units vests at 12.5% every six months beginning on this date. |
| 08/01/2024 | Date of transactions involving common stock and restricted stock units. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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