Ron L. Farnsworth - Mar 1, 2024 Form 4 Insider Report for COLUMBIA BANKING SYSTEM, INC. (COLB)

Role
Chief Financial Officer
Signature
/s/ Lisa M. White, Attorney-in-fact
Stock symbol
COLB
Transactions as of
Mar 1, 2024
Transactions value $
$849,969
Form type
4
Date filed
3/4/2024, 07:08 PM
Previous filing
Mar 1, 2024
Next filing
Mar 12, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COLB Restricted Stock Unit Award $340K +19K $17.87 19K Mar 1, 2024 Common Stock 19K Direct F1, F2
transaction COLB Performance Restricted Stock Unit Award $255K +14.3K $17.87 14.3K Mar 1, 2024 Common Stock 14.3K Direct F1, F3
transaction COLB Performance Restricted Stock Unit Award $255K +14.3K +100% $17.87 28.5K Mar 1, 2024 Common Stock 14.3K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units and performance restricted stock units will be settled in cash; provided that the grants may be settled in shares following shareholder approval of an applicable equity incentive plan.
F2 Restricted stock units granted 03/01/2024. Beginning on the first anniversary of the grant date, the grant will vest 33.33% per year for three years.
F3 Performance restricted stock units granted 03/01/2024. The grant will vest approximately three years following the grant date based on the issuer's relative total shareholder return performance for fiscal years 2024-2026 compared to a Compensation Committee approved group of peers.
F4 Performance restricted stock units granted 03/01/2024. The grant will vest approximately three years following the grant date based on the issuer's relative return on tangible common equity for fiscal years 2024-2026 compared to a Compensation Committee approved group of peers.