Allyson Katz Schlesinger - 27 Aug 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
27 Aug 2021
Net transactions value
+$1,462
Form type
4
Filing time
31 Aug 2021, 10:40:35 UTC
Previous filing
17 Aug 2021
Next filing
14 Sep 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 +80 +1.4% $18.24 5,737 27 Aug 2021 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 19,998 27 Aug 2021 Direct
holding CLBK Common Stock 2,418 27 Aug 2021 By ESOP
holding CLBK Common Stock 2,282 27 Aug 2021 By SERP
holding CLBK Common Stock 1,542 27 Aug 2021 By SIM
holding CLBK Common Stock 50,770 27 Aug 2021 By Stock Award F2

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 27 Aug 2021 Common Stock 155,294 $15.60 Direct F3
* 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 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.
F3 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.