Columbia Financial (CLBK) Form 4: Officer reports purchase and option holdings
Rhea-AI Filing Summary
John Klimowich, SEVP & Chief Risk Officer of Columbia Financial, Inc. (CLBK) reported transactions dated 09/05/2025 on a Form 4. The filing shows a non-derivative acquisition on 09/05/2025 of 42.5356 shares at $15.01. The table lists various categories of beneficial ownership following the reported transactions, including 7,807.5331 shares held indirectly and other plan-based and award-based indirect holdings (for example, 60,769, 17,130, 7,620, 7,051, 4,214, 13,781, 12,068, 11,723). Derivative holdings show stock options totaling 229,425 options across four option grants with exercise prices of $15.60, $15.94, $16.49, and $16.23, with expiration dates through 2035.
Positive
- Detailed disclosure of indirect holdings across multiple plans and award tranches provides transparency
- Clear vesting and settlement explanations for awards and options are included in the explanatory remarks
- Derivative positions disclosed with exercise prices and expiration dates (2029–2035)
Negative
- Form shows a disposal entry of 60,769 shares (marked 'D') without contextual explanation in the body of the Form
- Some numeric entries include fractional formats (e.g., 7,807.5331, 42.5356) that may require reconciliation with broker/share records
Insights
TL;DR: Insider acquired a small number of shares and continues to hold substantial option positions and multiple plan-based indirect holdings.
The Form 4 documents a purchase of 42.5356 shares at $15.01 on 09/05/2025 and enumerates numerous indirect holdings tied to retirement, deferral and award plans. The filing also discloses four series of outstanding stock options totaling 229,425 options with exercise prices from $15.60 to $16.49 and expirations ranging from 2029 to 2035. All statements derive directly from the Form 4; the filing includes explanatory notes about plan settlement and vesting schedules for awards and options.
TL;DR: Disclosure is consistent with a director/officer reporting routine equity awards and plan-based holdings, with clear vesting and settlement notes.
The Form 4 identifies the reporting person as SEVP & Chief Risk Officer and provides detail on indirect beneficial ownership via a rabbi trust, 401(k), ESOP, SERP, SIM and multiple stock award tranches. Vesting schedules and settlement mechanics for awards and options are explicitly described in the filing's explanatory remarks. The signature block shows the form was signed by a holder of power of attorney on 09/09/2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42.536 | $15.01 | $638.46 |
| 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 | -- | -- | -- |
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.
