John Klimowich - Feb 21, 2025 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
SEVP & Chief Risk Officer
Signature
/s/ Dennis E. Gibney, Power of Attorney
Stock symbol
CLBK
Transactions as of
Feb 21, 2025
Transactions value $
$638
Form type
4
Date filed
2/25/2025, 03:20 PM
Previous filing
Feb 11, 2025
Next filing
Mar 5, 2025
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 $638 +41.5 +0.62% $15.38 6.79K Feb 21, 2025 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 59.2K Feb 21, 2025 Direct
holding CLBK Common Stock 17.1K Feb 21, 2025 By 401(k)
holding CLBK Common Stock 6.45K Feb 21, 2025 By ESOP
holding CLBK Common Stock 6.6K Feb 21, 2025 By SERP
holding CLBK Common Stock 4.21K Feb 21, 2025 By SIM
holding CLBK Common Stock 15.2K Feb 21, 2025 By Stock Award II F2
holding CLBK Common Stock 13.2K Feb 21, 2025 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) 188K Feb 21, 2025 Common Stock 188K $15.60 Direct F4
holding CLBK Stock Options (right to buy) 12K Feb 21, 2025 Common Stock 12K $15.94 Direct F5
holding CLBK Stock Options (right to buy) 8.85K Feb 21, 2025 Common Stock 8.85K $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.