John Klimowich - 26 Jan 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
EVP & Chief Risk Officer
Signature
/s/ Dennis E. Gibney, Power of Attorney
Issuer symbol
CLBK
Transactions as of
26 Jan 2024
Transactions value $
$615
Form type
4
Filing time
30 Jan 2024, 10:06:34 UTC
Previous filing
17 Jan 2024
Next filing
13 Feb 2024
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 $615 +32 +0.59% $19.25 5,472 26 Jan 2024 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 53,205 26 Jan 2024 Direct
holding CLBK Common Stock 17,130 26 Jan 2024 By 401(k) F2
holding CLBK Common Stock 5,469 26 Jan 2024 By ESOP
holding CLBK Common Stock 5,742 26 Jan 2024 By SERP
holding CLBK Common Stock 4,214 26 Jan 2024 By SIM
holding CLBK Common Stock 7,693 26 Jan 2024 By Stock Award F3
holding CLBK Common Stock 16,537 26 Jan 2024 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) 188,235 26 Jan 2024 Common Stock 188,235 $15.6 Direct F5
holding CLBK Stock Options (right to buy) 12,030 26 Jan 2024 Common Stock 12,030 $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 This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c), reduced by 22.005 shares due to a year-end adjustment made on December 31, 2023 which led to over-reporting the total number of shares reported as beneficially owned on the reporting person's prior report.
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.