Michael Massood Jr. - 07 Mar 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
Director
Signature
/s/ Dennis E. Gibney, Power of Attorney
Issuer symbol
CLBK
Transactions as of
07 Mar 2024
Net transactions value
$0
Form type
4
Filing time
11 Mar 2024, 16:36:48 UTC
Previous filing
21 Jun 2023
Next filing
12 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Award $0 +3,018 $0.000000 3,018 07 Mar 2024 By Stock Award III F1
holding CLBK Common Stock 27,230 07 Mar 2024 Direct
holding CLBK Common Stock 27,384 07 Mar 2024 By IRA F2
holding CLBK Common Stock 29,483 07 Mar 2024 By Roth IRA F2
holding CLBK Common Stock 6,808 07 Mar 2024 By Stock Award F3
holding CLBK Common Stock 2,743 07 Mar 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) 83,294 07 Mar 2024 Common Stock 83,294 $15.60 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 7, 2025.
F2 This Form 4 reflects that on June 2, 2023, 4,110 shares previously held indirectly by IRA were transferred to indirect ownership by ROTH IRA. This transaction is exempt from Section 16 pursuant to Rule 16a-13.
F3 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five approximately equal annual installments commencing on July 23, 2020.
F4 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan will vest on November 21, 2023, one year from the date of grant.
F5 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five approximately equal annual installments commencing on July 23, 2020.