John Klimowich - Nov 3, 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
Nov 3, 2023
Transactions value $
$615
Form type
4
Date filed
11/7/2023, 12:17 PM
Previous filing
Oct 24, 2023
Next filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Award $615 +36.3 +0.69% $16.97 5.27K Nov 3, 2023 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 53.2K Nov 3, 2023 Direct
holding CLBK Common Stock 17.2K Nov 3, 2023 By 401(k)
holding CLBK Common Stock 5.47K Nov 3, 2023 By ESOP
holding CLBK Common Stock 5.74K Nov 3, 2023 By SERP
holding CLBK Common Stock 4.21K Nov 3, 2023 By SIM
holding CLBK Common Stock 7.69K Nov 3, 2023 By Stock Award F2
holding CLBK Common Stock 16.5K Nov 3, 2023 By Stock Award II 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
holding CLBK Stock Options (right to buy) 188K Nov 3, 2023 Common Stock 188K $15.60 Direct F4
holding CLBK Stock Options (right to buy) 12K Nov 3, 2023 Common Stock 12K $15.94 Direct F5
* 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 five equal annual installments commencing on July 23, 2020.
F3 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.
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 Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.