Jenifer White Walden - Feb 23, 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
EVP & CHRO
Signature
/s/ Dennis E. Gibney, Power of Attorney
Stock symbol
CLBK
Transactions as of
Feb 23, 2024
Transactions value $
$533
Form type
4
Date filed
2/27/2024, 04:36 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 $533 +31.7 +3.76% $16.82 874 Feb 23, 2024 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 649 Feb 23, 2024 Direct
holding CLBK Common Stock 982 Feb 23, 2024 By ESOP F2
holding CLBK Common Stock 45 Feb 23, 2024 By SERP F2
holding CLBK Common Stock 14 Feb 23, 2024 By SIM
holding CLBK Common Stock 1.3K Feb 23, 2024 By Stock Award F3
holding CLBK Common Stock 8.53K 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) 5.54K Feb 23, 2024 Common Stock 5.54K $20.54 Direct F5
holding CLBK Stock Options (right to buy) 6.2K Feb 23, 2024 Common Stock 6.2K $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, which vest in three equal annual installments commencing on October 31, 2023.
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 three equal annual installments commencing on October 31, 2023.
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.