COLUMBIA BANKING SYSTEM, INC. 8-K
Leadership change
Torran Nixon will transition from Columbia Bank Co-President to senior advisor in July 2027, serving through year-end.
Filed 2026-10-27 16:03 ET
- 5.02 Officer/director change
- 9.01 Financial Statements and Exhibits
Summary
Executive transition: Torran Nixon will leave his roles as Columbia Bank Co-President and Columbia Banking System Senior Executive Vice President on 7/1/2027 or another mutually agreed date, then serve as a senior advisor through 12/31/2027.
Key Figures
- 2027 equity grant: while serving as Bank Co-President, Nixon is eligible for a target grant-date fair value no less than his 2026 grant.
- Advisor compensation and benefits: continued eligibility for health and welfare benefits, vesting of outstanding equity awards under their terms, and salary at his annual rate as of the transition date.
- 2027 annual incentive: eligible for a payout, if any, based on actual performance and prorated for service as Bank Co-President through the transition date.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-27 22:36:12Z