William Justin Jennings - Mar 14, 2025 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP, Operations Officer
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: Mar 14, 2025
Transactions value $: $4,529
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	$4.53K	+298	+13.23%	$15.20	2.55K	Mar 14, 2025	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						7.67K	Mar 14, 2025	Direct
holding	CLBK	Common Stock						3.12K	Mar 14, 2025	By ESOP	F2
holding	CLBK	Common Stock						608	Mar 14, 2025	By SERP	F2
holding	CLBK	Common Stock						6.2K	Mar 14, 2025	By Stock Award	F3
holding	CLBK	Common Stock						7.8K	Mar 14, 2025	By Stock Award II	F4
holding	CLBK	Common Stock						7.53K	Mar 14, 2025	By Stock Award III	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)						41.5K	Mar 14, 2025	Common Stock	41.5K	$21.79	Direct	F6
holding	CLBK	Stock Options (right to buy)						5.72K	Mar 14, 2025	Common Stock	5.72K	$16.49	Direct	F7
holding	CLBK	Stock Options (right to buy)						13.1K	Mar 14, 2025	Common Stock	13.1K	$16.23	Direct	F8

* 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, vest in three equal annual installments commencing on March 21, 2023.
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 vest in three equal annual installments commencing on March 21, 2023.
F7	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.
F8	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.