Frank Namdar - Mar 1, 2024 Form 4 Insider Report for COLUMBIA BANKING SYSTEM, INC. (COLB)

Role
Chief Credit Officer
Signature
/s/ Lisa M. White, Attorney-in-fact
Stock symbol
COLB
Transactions as of
Mar 1, 2024
Transactions value $
$399,948
Form type
4
Date filed
3/4/2024, 07:59 PM
Previous filing
Mar 1, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COLB Common Stock Award $200K +11.2K +40.6% $17.87 38.8K Mar 1, 2024 Direct F1
holding COLB Common Stock 3.15K Mar 1, 2024 by 401(k)

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 Performance Restricted Stock Unit Award $100K +5.6K $17.87 5.6K Mar 1, 2024 Common Stock 5.6K Direct F2
transaction COLB Performance Restricted Stock Unit Award $100K +5.6K +100% $17.87 11.2K Mar 1, 2024 Common Stock 5.6K Direct F3
holding COLB Deferred Compensation Phantom Stock 2.87K Mar 1, 2024 Common 2.87K Deferred Compensation F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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 return on tangible common equity for fiscal years 2024-2026 compared to a Compensation Committee approved group of peers.
F4 The deferred compensation plan phantom stock was accrued under the Registrant's deferred compensation plan and will be paid in cash in accordance with the terms of the deferred compensation plan following end of the reporting person's employment with the Registrant.