William Justin Jennings - Mar 15, 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 15, 2024
Transactions value $
$1,370
Form type
4
Date filed
3/20/2024, 04:13 PM
Previous filing
Mar 8, 2024
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Award $1.37K +86 +4.47% $15.93 2.01K Mar 15, 2024 By Stock-Based Deferral Plan F1
holding CLBK Common Stock 3.23K Mar 15, 2024 Direct
holding CLBK Common Stock 1.95K Mar 15, 2024 By ESOP
holding CLBK Common Stock 500 Mar 15, 2024 By SERP
holding CLBK Common Stock 12.4K Mar 15, 2024 By Stock Award F2
holding CLBK Common Stock 8.5K Mar 15, 2024 By Stock Award II F3

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) 41.5K Mar 15, 2024 Common Stock 41.5K $21.79 Direct F4
holding CLBK Stock Options (right to buy) 5.72K Mar 15, 2024 Common Stock 5.72K $16.49 Direct F5
* 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 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in three equal annual installments commencing on March 21, 2023.
F3 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.
F4 Stock Options 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.