Allyson Katz Schlesinger - Feb 23, 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP & Head of Consumer Banking
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: Feb 23, 2024
Transactions value $: $323
Form type: 4
Date filed: 2/27/2024, 04:35 PM
Previous filing: Feb 13, 2024
Next filing: Mar 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Award	$323	+19.2	+0.16%	$16.82	12.2K	Feb 23, 2024	By Stock-Based Deferral Plan	F1
holding	CLBK	Common Stock						57.5K	Feb 23, 2024	Direct
holding	CLBK	Common Stock						5.51K	Feb 23, 2024	By ESOP	F2
holding	CLBK	Common Stock						5.85K	Feb 23, 2024	By SERP	F2
holding	CLBK	Common Stock						4.68K	Feb 23, 2024	By SIM
holding	CLBK	Common Stock						6.35K	Feb 23, 2024	By Stock Award	F3
holding	CLBK	Common Stock						17.4K	Feb 23, 2024	By Stock Award II	F4

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)						155K	Feb 23, 2024	Common Stock	155K	$15.60	Direct	F5
holding	CLBK	Stock Options (right to buy)						12.6K	Feb 23, 2024	Common Stock	12.6K	$15.94	Direct	F6

* 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, vest in five equal annual installments commencing on July 23, 2020.
F4	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.
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.
F6	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.