William Justin Jennings - Mar 21, 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 21, 2025
Transactions value $: -$30,951
Form type: 4
Date filed: 3/25/2025, 11:57 AM
Previous filing: Mar 18, 2025
Next filing: Apr 8, 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	Tax liability	-$31.7K	-2.11K	-15.23%	$15.01	11.8K	Mar 21, 2025	Direct	F1
transaction	CLBK	Common Stock	Award	$750	+50	+1.96%	$15.01	2.6K	Mar 21, 2025	By Stock-Based Deferral Plan	F2
holding	CLBK	Common Stock						3.12K	Mar 21, 2025	By ESOP
holding	CLBK	Common Stock						608	Mar 21, 2025	By SERP
holding	CLBK	Common Stock						7.8K	Mar 21, 2025	By Stock Award II	F3
holding	CLBK	Common Stock						7.53K	Mar 21, 2025	By Stock Award III	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)						41.5K	Mar 21, 2025	Common Stock	41.5K	$21.79	Direct	F5
holding	CLBK	Stock Options (right to buy)						5.72K	Mar 21, 2025	Common Stock	5.72K	$16.49	Direct	F6
holding	CLBK	Stock Options (right to buy)						13.1K	Mar 21, 2025	Common Stock	13.1K	$16.23	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F2	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.
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 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.
F5	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
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.
F7	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.