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

Role: EVP & Head of Consumer Banking
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: Jul 30, 2021
Transactions value $: $1,462
Form type: 4
Date filed: 8/3/2021, 02:08 PM
Previous filing: Jul 20, 2021
Next filing: Aug 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Award	$1.46K	+81	+1.47%	$18.04	5.58K	Jul 30, 2021	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						20K	Jul 30, 2021	Direct	F2
holding	CLBK	Common Stock						2.42K	Jul 30, 2021	By ESOP
holding	CLBK	Common Stock						2.28K	Jul 30, 2021	By SERP
holding	CLBK	Common Stock						1.54K	Jul 30, 2021	By SIM
holding	CLBK	Common Stock						50.8K	Jul 30, 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)						155K	Jul 30, 2021	Common Stock	155K	$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.