William Justin Jennings - Apr 10, 2023 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP, Operations Officer
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: Apr 10, 2023
Transactions value $: $1,000
Form type: 4
Date filed: 4/11/2023, 03:52 PM
Previous filing: Mar 28, 2023
Next filing: Apr 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Award	$1K	+54.3	+7.06%	$18.43	822	Apr 10, 2023	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						3.23K	Apr 10, 2023	Direct
holding	CLBK	Common Stock						966	Apr 10, 2023	By ESOP
holding	CLBK	Common Stock						105	Apr 10, 2023	By SERP
holding	CLBK	Common Stock						12.4K	Apr 10, 2023	By Stock Award	F2

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)						41.5K	Apr 10, 2023	Common Stock	41.5K	$21.79	Direct	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	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in three equal annual installments commencing on March 21, 2023.
F3	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in three equal annual installments commencing on March 21, 2023.