John Klimowich - Nov 19, 2021 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
EVP & Chief Risk Officer
Signature
/s/ Dennis E. Gibney, Power of Attorney
Stock symbol
CLBK
Transactions as of
Nov 19, 2021
Transactions value $
$569
Form type
4
Date filed
11/23/2021, 10:12 AM
Previous filing
Nov 9, 2021
Next filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Award $569 +30 +1.14% $18.98 2.66K Nov 19, 2021 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 19.7K Nov 19, 2021 Direct
holding CLBK Common Stock 17.1K Nov 19, 2021 By 401(k)
holding CLBK Common Stock 3.35K Nov 19, 2021 By ESOP
holding CLBK Common Stock 3.34K Nov 19, 2021 By SERP
holding CLBK Common Stock 3.06K Nov 19, 2021 By SIM F2
holding CLBK Common Stock 61.5K Nov 19, 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) 188K Nov 19, 2021 Common Stock 188K $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 This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
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 equal annual installments commencing on July 23, 2020.