Deer Aaron James 4
4 · COLUMBIA BANKING SYSTEM, INC. · Filed Jan 22, 2026
Research Summary
AI-generated summary of this filing
Columbia Banking (COLB) EVP Aaron Deer Forfeits & Withholds Shares
What Happened
Aaron Deer, EVP & Chief Strategy and Innovation Officer at Columbia Banking System, had two equity-related transactions on January 20, 2026: 325 performance-based restricted stock units were forfeited (disposition to issuer) and 776 shares were withheld to satisfy tax withholding obligations at a per-share value of $28.35 (total value ≈ $22,000). The forfeiture resulted from performance targets not being met; the withholding relates to vesting of previously issued RSUs.
Key Details
- Transaction dates: January 20, 2026; Form 4 filed January 22, 2026 (timely filing).
- Disposition to issuer (Code D): 325 shares @ $0.00 — forfeited under performance RSU terms (Footnote F1).
- Tax withholding (Code F): 776 shares @ $28.35 = $22,000 withheld to cover taxes on RSU vesting (Footnote F2).
- Shares owned after the transactions: Not disclosed in this filing.
- Footnotes: F1 = forfeiture due to total shareholder return target not met; F2 = shares withheld to satisfy withholding obligations.
- These were not open-market sales or purchases — they reflect RSU forfeiture and tax withholding on vesting.
Context
This was a routine administrative outcome of equity awards (forfeiture and tax withholding), not an officer-initiated open-market sale or purchase. Forfeitures occur when performance conditions aren’t met; withholding is common when restricted awards vest and taxes are owed.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-01-20−325→ 41,721 total - Tax Payment
Common Stock
[F2]2026-01-20$28.35/sh−776$22,000→ 40,945 total
Footnotes (2)
- [F1]Shares forfeited pursuant to the terms of the performance restricted stock units granted on February 21, 2023 and reported on the reporting person's Form 4 filed on February 21, 2023 (in accordance with Rule 16b-3(e)) due to the issuer's total shareholder return performance target not being met at target.
- [F2]Represents withholding of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting of previously issued restricted stock units.