William Justin Jennings - Mar 6, 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP, Operations Officer
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: Mar 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/8/2024, 05:07 PM
Previous filing: Jan 17, 2024
Next filing: Mar 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Award	$0	+8.5K		$0.00	8.5K	Mar 6, 2024	By Stock Award II	F1
holding	CLBK	Common Stock						1.93K	Mar 6, 2024	By Stock-Based Deferral Plan	F2
holding	CLBK	Common Stock						3.23K	Mar 6, 2024	Direct
holding	CLBK	Common Stock						1.95K	Mar 6, 2024	By ESOP	F3
holding	CLBK	Common Stock						500	Mar 6, 2024	By SERP	F3
holding	CLBK	Common Stock						12.4K	Mar 6, 2024	By Stock Award	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
transaction	CLBK	Stock Options (right to buy)	Award	$0	+5.72K		$0.00	5.72K	Mar 6, 2024	Common Stock	5.72K	$16.49	Direct	F5
holding	CLBK	Stock Options (right to buy)						41.5K	Mar 6, 2024	Common Stock	41.5K	$21.79	Direct	F6

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

Explanation of Responses:

Id	Content
F1	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 March 6, 2025; 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.
F2	The reporting person prior report overstated the number of shares beneficially owned by the reporting person Stock Based Deferral Plan. This Form 4 reflects the correct balance.
F3	This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
F4	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in three equal annual installments commencing on March 21, 2023.
F5	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 6, 2025.
F6	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three equal annual installments commencing on March 21, 2023.