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Columbia Banking System Executive Compensation (FY25)

COLB · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Clint Stein
Median of the other named officers
$3,095,591
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): May 15, 2026
15 filings cited on this page
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334 figures on this page: 325 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Clint Stein: $6,340,928 → $7,712,345 (21.6% higher)
Say-on-pay support: 97.6% → 94.9% (2.7 points lower)
CEO pay ratio: 82:1 → 101:1 (23.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Columbia Banking System's chief executive and what were they paid?
Total compensation for Clint Stein, Chair, Chief Executive Officer and President, came to $7,712,345 in fiscal 2025. Stein's total was 21.6% higher than the $6,340,928 reported for fiscal 2024.
What was Columbia Banking System's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 94.9% of votes cast for or against in favor at the meeting held May 14, 2026.
Which companies are in Columbia Banking System's peer group?
Companies named in the disclosed peer group include Banc of California, Inc., BOK Financial Corporation, Cadence Bank, Comerica Incorporation and Cullen/Frost Bankers, Inc., among others.
What is Columbia Banking System's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 101:1, against median employee compensation of $76,626.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clint Stein
President,Chief Executive Officer
◇—◇—◇◇◇◇
Christopher Merrywell
Former Executive Vice President, Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Aaron Deer
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Eric Eid
Former Executive Vice President, Chief Digital and Technology Officer
Departed during or after this year
◇—◇—◇—◇◇
Andrew McDonald
Former Executive Vice President, Chief Credit Officer
Departed during or after this year
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cort O'Haver
Former Executive Chair
◇—◇—◇◇◇◇
Clint Stein
Chair, Chief Executive Officer and President
◇—◇—◇◇◇◇
Christopher Merrywell
Senior Executive Vice President, Columbia Bank President of Consumer Banking
◇—◇—◇◇◇◇
Torran Nixon
Senior Executive Vice President, Columbia Bank President of Commercial Banking
◇———◇◇◇◇
Aaron Deer
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Ron Farnsworth
Former Executive Vice President, Chief Financial Officer and Principal Financial Officer
◇———◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clint Stein
President and Chief Executive Officer
◇—◇—◇◇◇◇
Cort O'Haver
Former Executive Chair
Departed during or after this year
◇—◇—◇◇◇◇
Torran Nixon
Senior Executive Vice President and Umpqua Bank President of Commercial Banking
◇—◇—◇◇◇◇
Christopher Merrywell
Senior Executive Vice President and Umpqua Bank President of Consumer Banking
◇—◇—◇◇◇◇
Ron Farnsworth
Executive Vice President, Chief Financial Officer and Principal Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cort O'Haver
Former Executive Chair
Departed during or after this year
◇—◇——◇◇◇
Clint Stein
Chair, Chief Executive Officer and President
◇—◇—◇◇◇◇
Torran Nixon
Senior Executive Vice President, Columbia Bank President of Commercial Banking
◇—◇—◇◇◇◇
Christopher Merrywell
Senior Executive Vice President, Columbia Bank President of Consumer Banking
◇—◇—◇◇◇◇
Andrew Ognall
Executive Vice President, Chief Risk Officer
◇—◇—◇◇◇◇
Ron Farnsworth
Former Executive Vice President, Chief Financial Officer and Principal Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Ivan Seda
Executive Vice President, Chief Financial Officer and Principal Financial Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew H. OgnallRSU◇——◇——◇
Andrew H. OgnallPSU◇—◇—◇—◇
Andrew H. OgnallRSU◇——◇——◇
Andrew H. OgnallRSU◇——◇——◇
Christopher M. MerrywellPSU◇◇◇—◇—◇
Christopher M. MerrywellRSU◇——◇——◇
Clint E. SteinRSU◇——◇——◇
Clint E. SteinPSU◇◇◇—◇—◇
Cort L. O Haver—◇—————◇
Cort L. O HaverRSU◇——◇——◇
Cort L. O HaverPSU◇—◇———◇
Cort L. O’HaverPSU◇◇◇—◇—◇
Cort L. O’HaverRSU◇——◇——◇
Ivan A. SedaPSU◇◇◇—◇—◇
Ron L. FarnsworthPSU◇◇◇—◇—◇
Ron L. FarnsworthRSU◇——◇——◇
Torran B. NixonPSU◇◇◇—◇—◇
Torran B. NixonRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Andrew OgnallRSU◇◇——
PSU◇◇——
Clint SteinPSU◇◇——
RSU◇◇——
Torran NixonPSU◇◇——
RSU◇◇——
Ron FarnsworthRSU◇◇——
PSU◇◇——
Ivan SedaPSU◇◇——
Cort O'HaverPSU◇◇——
Christopher MerrywellPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Andrew Ognall
Executive Vice President, Chief Risk Officer · Change-in-control agreement
Clawback◇
Christopher Merrywell
Senior Executive Vice President, Columbia Bank President of Consumer Banking · Change-in-control agreement
Clawback◇
Clint E. Stein
Chair, Chief Executive Officer and President · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Non-compete period◇
Non-solicit period◇
Cort O'Haver
Former Executive Chair · Change-in-control agreement
Clawback◇
Ivan Seda
Executive Vice President, Chief Financial Officer and Principal Financial Officer · Offer letter · citing a 2026 filing
Change-in-control trigger◇
Excise tax treatment◇
Clawback◇
Ron Farnsworth
Former Executive Vice President, Chief Financial Officer and Principal Financial Officer · Change-in-control agreement
Clawback◇
Torran Nixon
Senior Executive Vice President, Columbia Bank President of Commercial Banking · Change-in-control agreement
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven R. Gardner
—————◇◇
S. Mae Fujita Numata
◇◇——◇◇◇
Randal L. Lund
◇◇———◇◇
Elizabeth W. Seaton
◇◇———◇◇
Luis F. Machuca
◇◇———◇◇
Maria M. Pope
Lead independent director
◇◇———◇◇
Hilliard C. Terry, III
◇◇———◇◇
Mark A. Finkelstein
◇◇———◇◇
Anddria Varnado
◇◇———◇◇
John F. Schultz
◇◇———◇◇
Eric S. Forrest
◇◇——◇◇◇
M. Christian Mitchell
◇◇————◇
Jaynie Miller Studenmund
◇◇————◇
Craig D. Eerkes
◇————◇◇
Peggy Y. Fowler
◇————◇◇
Cort L. O'Haver and Clint E. Stein served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Banc of California, Inc. BANC
  • BOK Financial Corporation BOKF
  • Cadence Bank CADE
  • Comerica Incorporation CMA
  • Cullen/Frost Bankers, Inc. CFR
  • East West Bancorp, Inc. EWBC
  • F.N.B. Corporation FNB
  • First Horizon Corp. FHN
  • New York Community Bancorp, Inc. FLG
  • Pinnacle Financial Partners, Inc. PNFP
  • Prosperity Bancshares, Inc. PB
  • SouthState Corporation SSB
  • Synovus Financial Corp. SNV
  • UMB Financial Corporation UMBF
  • Valley National Bancorp VLY
  • Western Alliance Bancorporation WAL
  • Wintrust Financial Corporation WTFC
  • Zions Bancorporation, NA ZION

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 8, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021April 27, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 27, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Clint Stein (Chair, Chief Executive Officer and President), FY2025 total compensation $7,712,345 (base salary $1,250,000) [exec_comp, SEC accession 0000887343-26-000126, filed 2026-03-31]

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What this page does not include

Everything above is a fact Columbia Banking System disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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Where Columbia Banking System sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
334 figures on this page: 325 cited to the filing that reported them, 9 calculated from figures it prints.
325 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000887343-26-000142
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000887343-26-000126
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · and 2 more sections
  3. 0000887343-25-000169
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000887343-25-000152
    Compensation Tables
  5. 0000887343-24-000262
  6. 0000887343-24-000187
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-24-078782
    2023 SUMMARY COMPENSATION TABLE · COMPENSATION TABLES
  8. 0000887343-23-000253
  9. 0001140361-23-017022
    Compensation Tables
  10. 0000887343-22-000102
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000887343-21-000113
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-20-157250
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-19-159802
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000887343-18-000089
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000887343-26-000088
    EX-10.66
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Velarion, “Columbia Banking System executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/COLB (accessed 2026).
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Columbia Banking System discloses

The companies named in COLB's own disclosed peer group.

Banc of California, Inc.BOK Financial CorporationCadence BankComerica IncorporationCullen/Frost Bankers, Inc.East West Bancorp, Inc.F.N.B. CorporationFirst Horizon Corp.New York Community Bancorp, Inc.Pinnacle Financial Partners, Inc.Prosperity Bancshares, Inc.SouthState CorporationSynovus Financial Corp.UMB Financial CorporationValley National BancorpWestern Alliance BancorporationWintrust Financial CorporationZions Bancorporation, NA

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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