Thomas J. Kemly - Jul 28, 2023 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
President & CEO, Director
Signature
/s/ Dennis E. Gibney, Power of Attorney
Stock symbol
CLBK
Transactions as of
Jul 28, 2023
Transactions value $
$2,077
Form type
4
Date filed
8/1/2023, 10:17 AM
Previous filing
Jul 18, 2023
Next filing
Aug 15, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Award $2.08K +118 +0.21% $17.58 55.6K Jul 28, 2023 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 203K Jul 28, 2023 Direct F2
holding CLBK Common Stock 40.9K Jul 28, 2023 By 401(k)
holding CLBK Common Stock 5.47K Jul 28, 2023 By ESOP
holding CLBK Common Stock 26.4K Jul 28, 2023 By SERP
holding CLBK Common Stock 41.6K Jul 28, 2023 By SIM
holding CLBK Common Stock 5.93K Jul 28, 2023 By Spouse
holding CLBK Common Stock 26.8K Jul 28, 2023 By Stock Award F3
holding CLBK Common Stock 52.1K Jul 28, 2023 By Stock Award II F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CLBK Stock Options (right to buy) 656K Jul 28, 2023 Common Stock 656K $15.60 Direct F5
holding CLBK Stock Options (right to buy) 37.9K Jul 28, 2023 Common Stock 37.9K $15.94 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person.
F2 The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F3 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in five equal annual installments commencing on July 23, 2020.
F4 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on May 1, 2024; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
F5 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five equal annual installments commencing on July 23, 2020.
F6 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.