Oliver Edward Lewis Jr. - 22 Mar 2022 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP & Head Commercial Banking
Signature: /s/ Dennis E. Gibney, Power of Attorney
Issuer symbol: CLBK
Transactions as of: 22 Mar 2022
Net transactions value: -$60,104
Form type: 4
Filing time: 24 Mar 2022, 13:45:03 UTC
Previous filing: 15 Mar 2022
Next filing: 29 Mar 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	Tax liability	$60,104	-2,752	-31%	$21.84	6,040	22 Mar 2022	Direct	F1
holding	CLBK	Common Stock						937	22 Mar 2022	By Stock-Based Deferral Plan
holding	CLBK	Common Stock						2,256	22 Mar 2022	By ESOP
holding	CLBK	Common Stock						5,718	22 Mar 2022	By Stock Award	F2
holding	CLBK	Common Stock						15,678	22 Mar 2022	By Stock Award II	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)						17,647	22 Mar 2022	Common Stock	17,647	$17.00	Direct	F4
holding	CLBK	Stock Options (right to buy)						57,026	22 Mar 2022	Common Stock	57,026	$17.86	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
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 Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 22, 2022.
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.
F5	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 22, 2022.