John Klimowich - May 1, 2023 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP & Chief Risk Officer
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: May 1, 2023
Transactions value $: $4,989
Form type: 4
Date filed: 5/3/2023, 04:55 PM
Previous filing: Apr 25, 2023
Next filing: May 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Award	$0	+16.5K		$0.00	16.5K	May 1, 2023	By Stock Award II	F1
transaction	CLBK	Common Stock	Purchase	$4.99K	+346	+0.72%	$14.42	48.2K	May 2, 2023	Direct	F2
holding	CLBK	Common Stock						4.78K	May 1, 2023	By Stock-Based Deferral Plan
holding	CLBK	Common Stock						17.2K	May 1, 2023	By 401(k)
holding	CLBK	Common Stock						5.47K	May 1, 2023	By ESOP
holding	CLBK	Common Stock						5.74K	May 1, 2023	By SERP
holding	CLBK	Common Stock						4.21K	May 1, 2023	By SIM
holding	CLBK	Common Stock						15.4K	May 1, 2023	By Stock Award	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
transaction	CLBK	Stock Options (right to buy)	Award	$0	+12K		$0.00	12K	May 1, 2023	Common Stock	12K	$15.94	Direct	F4
holding	CLBK	Stock Options (right to buy)						188K	May 1, 2023	Common Stock	188K	$15.60	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on May 1, 2024; and the remaining 75% 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.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.418 to $14.419, 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	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in five equal annual installments commencing on July 23, 2020.
F4	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.
F5	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in five equal annual installments commencing on July 23, 2020.