Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | COLB | Restricted Stock Unit | Award | $1.33M | +74.6K | $17.87 | 74.6K | Mar 1, 2024 | Common Stock | 74.6K | Direct | F1, F2 | ||
transaction | COLB | Performance Restricted Stock Unit | Award | $1M | +56K | $17.87 | 56K | Mar 1, 2024 | Common Stock | 56K | Direct | F1, F3 | ||
transaction | COLB | Performance Restricted Stock Unit | Award | $1M | +56K | +100% | $17.87 | 112K | Mar 1, 2024 | Common Stock | 56K | Direct | F1, F4 |
Id | Content |
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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. |