Allyson Katz Schlesinger - Dec 31, 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: Dec 31, 2021
Transactions value $: $1,462
Form type: 4
Date filed: 1/4/2022, 02:39 PM
Previous filing: Dec 21, 2021
Next filing: Jan 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Award	$1.46K	+70.1	+1.1%	$20.86	6.42K	Dec 31, 2021	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						20K	Dec 31, 2021	Direct
holding	CLBK	Common Stock						2.42K	Dec 31, 2021	By ESOP
holding	CLBK	Common Stock						2.28K	Dec 31, 2021	By SERP
holding	CLBK	Common Stock						1.72K	Dec 31, 2021	By SIM	F2
holding	CLBK	Common Stock						50.8K	Dec 31, 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	Dec 31, 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	This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c), reduced by 322.12 shares due to a year-end adjustment made on December 31, 2021 which led to over-reporting the total number of shares reported as beneficially owned on the reporting person's prior report.
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.