Manesh Balachandran Prabhu - 15 Mar 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role
EVP & CIO
Signature
/s/ Dennis E. Gibney, Power of Attorney
Issuer symbol
CLBK
Transactions as of
15 Mar 2024
Net transactions value
+$3,441
Form type
4
Filing time
20 Mar 2024, 16:12:41 UTC
Previous filing
08 Mar 2024
Next filing
03 May 2024
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 $3,441 +216 $15.93 216 15 Mar 2024 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 894 15 Mar 2024 Direct
holding CLBK Common Stock 612 15 Mar 2024 By 401(k) F2
holding CLBK Common Stock 982 15 Mar 2024 By ESOP
holding CLBK Common Stock 117 15 Mar 2024 By SERP
holding CLBK Common Stock 3,043 15 Mar 2024 By Stock Award F3
holding CLBK Common Stock 11,628 15 Mar 2024 By Stock Award II F4
holding CLBK Common Stock 12,343 15 Mar 2024 By Stock Award III F5

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) 12,985 15 Mar 2024 Common Stock 12,985 $20.54 Direct F6
holding CLBK Stock Options (right to buy) 8,459 15 Mar 2024 Common Stock 8,459 $15.94 Direct F7
holding CLBK Stock Options (right to buy) 8,296 15 Mar 2024 Common Stock 8,296 $16.49 Direct F8
* 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 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.
F6 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, which vest in three equal annual installments commencing on October 31, 2023.
F7 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.
F8 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.