John Klimowich - Mar 14, 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
Mar 14, 2025
Transactions value $
$6,113
Form type
4
Date filed
3/18/2025, 04:13 PM
Previous filing
Mar 11, 2025
Next filing
Mar 25, 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 $6.11K +402 +5.89% $15.20 7.23K Mar 14, 2025 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 59.9K Mar 14, 2025 Direct
holding CLBK Common Stock 17.1K Mar 14, 2025 By 401(k)
holding CLBK Common Stock 7.62K Mar 14, 2025 By ESOP F2
holding CLBK Common Stock 7.05K Mar 14, 2025 By SERP F2
holding CLBK Common Stock 4.21K Mar 14, 2025 By SIM
holding CLBK Common Stock 15.2K Mar 14, 2025 By Stock Award II F3
holding CLBK Common Stock 12.1K Mar 14, 2025 By Stock Award III F4
holding CLBK Common Stock 11.7K Mar 14, 2025 By Stock Award IV F5

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 Mar 14, 2025 Common Stock 188K $15.60 Direct F6
holding CLBK Stock Options (right to buy) 12K Mar 14, 2025 Common Stock 12K $15.94 Direct F7
holding CLBK Stock Options (right to buy) 8.85K Mar 14, 2025 Common Stock 8.85K $16.49 Direct F8
holding CLBK Stock Options (right to buy) 20.3K Mar 14, 2025 Common Stock 20.3K $16.23 Direct F9
* 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).
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 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.
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 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.
F5 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 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 on March 3, 2028.
F6 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
F7 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.
F8 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.
F9 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 3, 2026.