Columbia Financial (CLBK) SEVP reports new deferred stock units and option holdings
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported an automatic acquisition of 43.0308 phantom shares of common stock on January 23, 2026 through the Columbia Bank Stock Based Deferral Plan at $15.91 per share. These stock unit interests are held in a rabbi trust and will be settled in shares of stock when they are distributed to him, bringing his deferred plan balance to 8,225.7493 units, reported as indirectly owned.
The filing also lists existing holdings, including 60,769 shares of common stock held directly and additional indirect holdings through a 401(k), ESOP, SERP, and stock awards. Klimowich also holds several blocks of stock options under the 2019 Equity Incentive Plan, such as 188,235 options at $15.60 expiring in 2029 and smaller grants at exercise prices of $15.94, $16.49, and $16.23, which vest over time according to service- and performance-based criteria.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43.031 | $15.91 | $684.62 |
| 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.
FAQ
What insider transaction did CLBK executive John Klimowich report?
SEVP & Chief Risk Officer John Klimowich reported an automatic acquisition of 43.0308 phantom shares of Columbia Financial common stock on January 23, 2026 at a price of $15.91 per share.
What is the total deferred stock balance for the CLBK executive after this transaction?
Following the reported transaction, Klimowich’s balance under the Stock Based Deferral Plan is 8,225.7493 stock unit interests, which will be settled in shares of Columbia Financial common stock upon distribution.
What stock options does the Columbia Financial SEVP & Chief Risk Officer hold?
Klimowich holds stock options to buy Columbia Financial common stock, including 188,235 options at $15.60 per share expiring on July 23, 2029, and additional grants of 12,030 options at $15.94, 8,850 options at $16.49, and 20,310 options at $16.23 that vest in approximately equal annual installments starting on dates in 2024, 2025, and 2026.
How are performance-based stock awards structured for CLBK’s 2019 Equity Incentive Plan?
Certain stock awards granted under the 2019 Equity Incentive Plan vest 25% in three approximately equal annual installments starting on specified dates, while the remaining 75% vest only upon achievement of performance-based criteria, generally three years after the award date.