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

Signature
/s/ Dennis E. Gibney
Stock symbol
CLBK
Transactions as of
Jul 23, 2023
Transactions value $
-$32,393
Form type
4
Date filed
7/25/2023, 05:27 PM
Previous filing
May 3, 2023
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Tax liability -$32.4K -1.77K -1.2% $18.27 145K Jul 23, 2023 Direct F1
holding CLBK Common Stock 1.95K Jul 23, 2023 By Stock-Based Deferral Plan
holding CLBK Common Stock 5.47K Jul 23, 2023 By ESOP
holding CLBK Common Stock 3K Jul 23, 2023 By IRA
holding CLBK Common Stock 10K Jul 23, 2023 By SEP-IRA
holding CLBK Common Stock 8.77K Jul 23, 2023 By SERP
holding CLBK Common Stock 10K Jul 23, 2023 By Spouse
holding CLBK Common Stock 9.81K Jul 23, 2023 By Stock Award F2
holding CLBK Common Stock 18.4K Jul 23, 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% $0.00* 13.4K Jul 25, 2023 Common Stock 13.4K $15.94 Direct F3
holding CLBK Stock Options (right to buy) 240K Jul 23, 2023 Common Stock 240K $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.