Thomas J. Kemly - Aug 23, 2024 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: Aug 23, 2024
Transactions value $: $2,077
Form type: 4
Date filed: 8/27/2024, 04:33 PM
Previous filing: Aug 13, 2024
Next filing: Sep 10, 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	$2.08K	+116	+0.19%	$17.85	60.3K	Aug 23, 2024	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						225K	Aug 23, 2024	Direct
holding	CLBK	Common Stock						40.9K	Aug 23, 2024	By 401(k)
holding	CLBK	Common Stock						6.45K	Aug 23, 2024	By ESOP
holding	CLBK	Common Stock						30.2K	Aug 23, 2024	By SERP
holding	CLBK	Common Stock						41.6K	Aug 23, 2024	By SIM
holding	CLBK	Common Stock						5.93K	Aug 23, 2024	By Spouse
holding	CLBK	Common Stock						47.8K	Aug 23, 2024	By Stock Award II	F2
holding	CLBK	Common Stock						55.3K	Aug 23, 2024	By Stock Award III	F3

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	Aug 23, 2024	Common Stock	656K	$15.60	Direct	F4
holding	CLBK	Stock Options (right to buy)						37.9K	Aug 23, 2024	Common Stock	37.9K	$15.94	Direct	F5
holding	CLBK	Stock Options (right to buy)						37.2K	Aug 23, 2024	Common Stock	37.2K	$16.49	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	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.
F3	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 March 6, 2025; 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.
F4	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
F5	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.
F6	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 6, 2025.