Oliver Edward Lewis Jr. - 08 Apr 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: 08 Apr 2022
Net transactions value: +$707
Form type: 4
Filing time: 12 Apr 2022, 14:12:17 UTC
Previous filing: 29 Mar 2022
Next filing: 26 Apr 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	$707	+33	+3.4%	$21.42	1,002	08 Apr 2022	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						6,040	08 Apr 2022	Direct
holding	CLBK	Common Stock						3,411	08 Apr 2022	By ESOP	F2
holding	CLBK	Common Stock						5,718	08 Apr 2022	By Stock Award	F3
holding	CLBK	Common Stock						15,678	08 Apr 2022	By Stock Award II	F4

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	08 Apr 2022	Common Stock	17,647	$17.00	Direct	F5
holding	CLBK	Stock Options (right to buy)						57,026	08 Apr 2022	Common Stock	57,026	$17.86	Direct	F6

* 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 Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 22, 2022.
F5	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.
F6	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.