Elizabeth E. Randall - Dec 2, 2022 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
Director
Signature
/s/ Dennis E. Gibney, Power of Attorney
Stock symbol
CLBK
Transactions as of
Dec 2, 2022
Transactions value $
-$122,845
Form type
4
Date filed
12/6/2022, 03:20 PM
Previous filing
Nov 8, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Options Exercise $236K +15.1K +73.51% $15.60 35.7K Dec 2, 2022 Direct
transaction CLBK Common Stock Sale -$329K -15.1K -42.37% $21.76 20.6K Dec 2, 2022 Direct F1
transaction CLBK Common Stock Options Exercise $89.1K +5.71K +27.77% $15.60 26.3K Dec 5, 2022 Direct
transaction CLBK Common Stock Sale -$121K -5.71K -21.74% $21.22 20.6K Dec 5, 2022 Direct F2
transaction CLBK Common Stock Award $2.32K +108 +2.48% $21.60 4.45K Dec 2, 2022 By Stock-Based Deferral Plan F3
holding CLBK Common Stock 44.4K Dec 2, 2022 By IRA
holding CLBK Common Stock 6.7K Dec 2, 2022 By Roth IRA
holding CLBK Common Stock 13.6K Dec 2, 2022 By Stock Award 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
transaction CLBK Stock Options (right to buy) Options Exercise $0 -15.1K -18.14% $0.00 68.2K Dec 2, 2022 Common Stock 15.1K $15.60 Direct F5
transaction CLBK Stock Options (right to buy) Options Exercise $0 -5.71K -8.37% $0.00 62.5K Dec 5, 2022 Common Stock 5.71K $15.60 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $21.81, inclusive. The reporting person undertakes to provide to Columbia Financial, Inc., any security holder of Columbia Financial, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.20 to $21.30, inclusive. The reporting person undertakes to provide to Columbia Financial, Inc., any security holder of Columbia Financial, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
F3 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.
F4 Stock Awards 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 five approximately equal annual installments commencing on July 23, 2020.