Dennis E. Gibney - 23 Jul 2023 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP & Chief Financial Officer
Signature: /s/ Dennis E. Gibney
Issuer symbol: CLBK
Transactions as of: 23 Jul 2023
Net transactions value: -$32,393
Form type: 4
Filing time: 25 Jul 2023, 17:27:39 UTC
Previous filing: 03 May 2023
Next filing: 08 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Tax liability	$32,393	-1,773	-1.2%	$18.27	145,496	23 Jul 2023	Direct	F1
holding	CLBK	Common Stock						1,953	23 Jul 2023	By Stock-Based Deferral Plan
holding	CLBK	Common Stock						5,469	23 Jul 2023	By ESOP
holding	CLBK	Common Stock						3,000	23 Jul 2023	By IRA
holding	CLBK	Common Stock						10,000	23 Jul 2023	By SEP-IRA
holding	CLBK	Common Stock						8,765	23 Jul 2023	By SERP
holding	CLBK	Common Stock						10,000	23 Jul 2023	By Spouse
holding	CLBK	Common Stock						9,808	23 Jul 2023	By Stock Award	F2
holding	CLBK	Common Stock						18,419	23 Jul 2023	By Stock Award II	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
transaction	CLBK	Stock Options (right to buy)	Award	$0	0	0%	$0.000000^*	13,398	25 Jul 2023	Common Stock	13,398	$15.94	Direct	F3
holding	CLBK	Stock Options (right to buy)						240,000	23 Jul 2023	Common Stock	240,000	$15.60	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F2	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in five equal annual installments commencing on July 23, 2020.
F3	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.
F4	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five equal annual installments commencing on July 23, 2020.
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.