Oliver Edward Lewis Jr. - 14 Jul 2023 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
14 Jul 2023
Net transactions value
+$1,481
Form type
4
Filing time
18 Jul 2023, 16:24:17 UTC
Previous filing
05 Jul 2023
Next filing
25 Jul 2023
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 $1,481 +84 +3.2% $17.73 2,711 14 Jul 2023 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 18,167 14 Jul 2023 Direct
holding CLBK Common Stock 4,371 14 Jul 2023 By ESOP
holding CLBK Common Stock 1,649 14 Jul 2023 By SERP
holding CLBK Common Stock 203 14 Jul 2023 By SIM F2
holding CLBK Common Stock 1,430 14 Jul 2023 By Stock Award F3
holding CLBK Common Stock 7,839 14 Jul 2023 By Stock Award II F4
holding CLBK Common Stock 15,917 14 Jul 2023 By Stock Award III F5

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 14 Jul 2023 Common Stock 17,647 $17.00 Direct F6
holding CLBK Stock Options (right to buy) 57,026 14 Jul 2023 Common Stock 57,026 $17.86 Direct F7
holding CLBK Stock Options (right to buy) 11,579 14 Jul 2023 Common Stock 11,579 $15.94 Direct F8
* 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 which vests in approximately five equal annual installments commencing on July 23, 2020.
F4 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three equal annual installments commencing on March 22, 2022.
F5 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.
F6 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.
F7 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.
F8 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.