Lucy Sorrentini - 31 Dec 2021 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
Director
Signature
/s/ Dennis E. Gibney, Power of Attorney
Issuer symbol
CLBK
Transactions as of
31 Dec 2021
Net transactions value
+$4,983
Form type
4
Filing time
04 Jan 2022, 14:39:43 UTC
Previous filing
07 Dec 2021
Next filing
01 Feb 2022
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 $4,983 +239 +8.5% $20.86 3,043 31 Dec 2021 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 1,405 31 Dec 2021 Direct F2
holding CLBK Common Stock 2,211 31 Dec 2021 By Stock Award 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 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 vest in three approximately equal annual installments commencing on December 14, 2021.