Columbia Financial director receives stock-based award
Columbia Financial, Inc. director Daria Stacy-Walls reported a routine compensation-related equity award.
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. director Daria Stacy-Walls reported a routine compensation-related equity award. She acquired 235.5072 common stock-equivalent units at $20.70 per share through the Columbia Bank Stock Based Deferral Plan, where phantom stock held in a rabbi trust will later be settled in actual shares.
Following this grant, she indirectly holds 29,083.1882 common stock-equivalent units in the deferral plan, directly owns 11,255 common shares, and indirectly holds 2,952 stock awards under the 2019 Equity Incentive Plan that vest on March 12, 2027.
Insider Trade Summary
Grant/Award: 235.5072 shares
Grant/Award
3 txns
Insider
Torres Daria Stacy-Walls
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 235.5072 | $20.70 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,083.1882 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 11,255 shares (Direct);
Common Stock — 2,952 shares (Indirect, Stock Award V)
Footnotes (2)
- 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 which vest in one year on March 12, 2027.
Key Figures
Stock units granted: 235.5072 shares
Grant price: $20.70/share
Indirect deferral plan holdings: 29,083.1882 shares
+2 more
5 metrics
Stock units granted
235.5072 shares
Grant under stock-based deferral plan on June 12, 2026
Grant price
$20.70/share
Value per common stock-equivalent unit granted
Indirect deferral plan holdings
29,083.1882 shares
Total stock-equivalent units after grant, indirect
Direct common shares
11,255 shares
Directly owned common stock after reported transactions
Stock awards outstanding
2,952 shares
Stock awards that vest on March 12, 2027
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Awards, +1 more
5 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
rabbi trust financial
"purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
non-qualified stock-based deferral plan financial
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
Stock Awards financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
Equity Incentive Plan financial
"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CLBK director Daria Stacy-Walls report in this Form 4?
She reported receiving 235.5072 common stock-equivalent units at $20.70 per share under Columbia Bank’s stock-based deferral plan. These phantom stock units are part of routine director compensation and will be settled in actual shares upon distribution.
Was the CLBK Form 4 transaction an open-market buy or sell?
No, the Form 4 shows a grant/award acquisition, not an open-market trade. The 235.5072 units were credited under a stock-based deferral plan on a non-discretionary basis, rather than being bought or sold in the open market.
What is the Columbia Bank Stock Based Deferral Plan mentioned in the CLBK filing?
It is a non-qualified stock-based deferral plan where a rabbi trust purchases phantom stock units on a non-discretionary basis. These stock unit interests are later settled in Columbia Financial common shares when distributed to the reporting person.
When do Daria Stacy-Walls’ CLBK stock awards from the 2019 Equity Incentive Plan vest?
The stock awards granted under the 2019 Equity Incentive Plan are scheduled to vest in one year on March 12, 2027. These awards represent additional indirect equity compensation separate from the deferral plan phantom stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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