Jr. Edward Thomas Allen - 23 Jul 2021 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: SEVP & Chief Operating Officer
Signature: /s/ Dennis E. Gibney, Power of Attorney
Issuer symbol: CLBK
Transactions as of: 23 Jul 2021
Net transactions value: -$71,176
Form type: 4
Filing time: 27 Jul 2021, 16:49:08 UTC
Next filing: 26 Jul 2022
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	$71,176	-4,051	-8.3%	$17.57	45,026	23 Jul 2021	Direct	F1
holding	CLBK	Common Stock						5,584	23 Jul 2021	By Stock-Based Deferral Plan
holding	CLBK	Common Stock						31,000	23 Jul 2021	By 401(k)
holding	CLBK	Common Stock						3,354	23 Jul 2021	By ESOP	F2
holding	CLBK	Common Stock						7,306	23 Jul 2021	By SERP	F3
holding	CLBK	Common Stock						1,352	23 Jul 2021	By SIM
holding	CLBK	Common Stock						92,308	23 Jul 2021	By Stock Award	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)						282,353	23 Jul 2021	Common Stock	282,353	$15.60	Direct	F5

* 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	This form reflects an increase in beneficial ownership resulting from an exempt acquisition pursuant to Rule 16b-3(c).
F3	This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
F4	Stock Awards granted to pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, 50% of which vest in five approximately equal annual installments commencing on July 23, 2020; and the remaining 50% 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 Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five approximately equal annual installments commencing on July 23, 2020.