Allyson Katz Schlesinger - 30 Jul 2021 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP & Head of Consumer Banking
Signature: /s/ Dennis E. Gibney, Power of Attorney
Issuer symbol: CLBK
Transactions as of: 30 Jul 2021
Net transactions value: +$1,462
Form type: 4
Filing time: 03 Aug 2021, 14:08:29 UTC
Previous filing: 20 Jul 2021
Next filing: 17 Aug 2021
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	$1,462	+81	+1.5%	$18.04	5,577	30 Jul 2021	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						19,998	30 Jul 2021	Direct	F2
holding	CLBK	Common Stock						2,418	30 Jul 2021	By ESOP
holding	CLBK	Common Stock						2,282	30 Jul 2021	By SERP
holding	CLBK	Common Stock						1,542	30 Jul 2021	By SIM
holding	CLBK	Common Stock						50,770	30 Jul 2021	By Stock Award	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)						155,294	30 Jul 2021	Common Stock	155,294	$15.60	Direct	F4

* 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	The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F3	Stock Awards granted 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.
F4	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.