CLBK President & CEO reports phantom stock buy and options detail
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) President & CEO and director reported updated ownership of company stock in a Form 4 filing. On 11/14/2025, the reporting person acquired 118.6674 shares of phantom stock at $15.06 per share through the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan where units are settled in shares upon distribution. Following this, they report 66,160.9033 shares in the stock-based deferral plan and additional indirect holdings in a 401(k), ESOP, SERP, SIM, spouse account, and several performance-based stock award programs. The filing also lists stock options to purchase 656,471 shares at $15.60, 37,894 shares at $15.94, 37,168 shares at $16.49, and 94,749 shares at $16.23, with vesting schedules set under the 2019 Equity Incentive Plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 118.667 | $15.06 | $2K |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. 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. 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. Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 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 on March 3, 2028. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable. 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. 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. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 3, 2026.
FAQ
What did Columbia Financial (CLBK) report in this Form 4 filing?
The Form 4 shows that the President & CEO, who is also a director, updated their ownership in Columbia Financial, Inc. (CLBK), including a new phantom stock purchase and detailed indirect holdings and stock options.
How many phantom stock units did the CLBK CEO acquire and at what price?
The CEO acquired 118.6674 phantom stock units at a price of $15.06 per unit through the Columbia Bank Stock Based Deferral Plan.
What are the CEO’s reported stock-based deferral plan holdings in CLBK?
After the reported transaction, the CEO holds 66,160.9033 shares indirectly through the Stock-Based Deferral Plan, which will be settled in stock upon distribution.
What CLBK stock option grants are reported in this Form 4?
The filing lists stock options to buy 656,471 shares at $15.60, 37,894 shares at $15.94, 37,168 shares at $16.49, and 94,749 shares at $16.23, all relating to Common Stock.
How do the Columbia Financial (CLBK) stock awards for the CEO vest?
The stock awards are granted under the 2019 Equity Incentive Plan, with portions vesting in approximately equal annual installments and the remaining portions vesting upon achievement of specified performance-based criteria, generally three years after the award date.
Are the CLBK stock options in this filing vested or subject to vesting schedules?
One grant of stock options under the 2019 Equity Incentive Plan is stated as fully vested and exercisable, while others vest in three approximately equal annual installments starting on specified dates such as May 1, 2024, March 6, 2025, and March 3, 2026.
What types of indirect ownership in CLBK stock does the CEO report?
The CEO reports indirect ownership through a 401(k), ESOP, SERP, SIM, a spouse’s account, stock-based deferral plans, and multiple performance-based stock award programs.