Nixon Torran B 4

What Happened
Nixon Torran, Senior Executive Vice President of Columbia Banking System (COLB), had 5,013 restricted stock units (RSUs) vest and convert into 5,013 common shares on March 13, 2026, valued at $26.23 each (total ≈ $131,491). To cover tax withholding, 2,002 of those shares were surrendered (disposed) at the same per-share value (≈ $52,512), leaving a net of 3,011 shares issued to the insider. The filing also shows the RSU/derivative units were extinguished as part of the conversion.

Key Details

• Transaction date: March 13, 2026. Conversion price/value shown at $26.23 per share.
• Converted (acquired): 5,013 shares (value ≈ $131,491).
• Tax withholding (disposed): 2,002 shares (value ≈ $52,512).
• Net shares retained by insider: 3,011 shares.
• Footnote: These were Restricted Stock Units granted Feb 25, 2025 (15,037 RSUs total), vesting in three annual installments beginning March 13, 2026 — this is one installment converting one-for-one to common stock.
• Filing date: March 17, 2026 — appears timely (reported within two business days of the March 13 transaction).

Context
This was a scheduled RSU vesting and conversion, not an open-market buy or sale motivated by trading; the F code indicates shares were withheld to satisfy tax obligations (a common, routine practice). The M/F codes reflect the RSU conversion and tax withholding mechanics (the derivative units were converted/terminated and shares were issued, with a portion withheld for taxes). Such conversions are vesting-related and typically not read as a direct bullish or bearish signal.