Director in Columbia Financial (NASDAQ: CLBK) receives deferred stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. director Daria Stacy-Walls reported a compensation-related acquisition of common stock equivalents through a stock-based deferral plan. She received 249.1058 share units of common stock at $19.57 per share under the Columbia Bank Stock Based Deferral Plan, held indirectly via a rabbi trust as phantom stock to be settled in shares upon distribution.
After this grant, she indirectly holds 28,847.681 common stock units through the deferral plan, 2,952 shares as indirect stock awards that vest on March 12, 2027, and 11,255 shares directly. The filing reflects ongoing equity-based compensation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Torres Daria Stacy-Walls
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 249.106 | $19.57 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,847.681 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 11,255 shares (Direct, null)
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 which vest in one year on March 12, 2027.
Key Figures
Deferred stock units granted: 249.1058 shares
Grant price per unit: $19.57 per share
Indirect deferral-plan units after grant: 28,847.681 shares
+3 more
6 metrics
Deferred stock units granted
249.1058 shares
Grant under Columbia Bank Stock Based Deferral Plan at $19.57
Grant price per unit
$19.57 per share
Price for phantom stock units in May 2026 grant
Indirect deferral-plan units after grant
28,847.681 shares
Common stock units held indirectly via stock-based deferral plan
Indirect stock awards holding
2,952 shares
Stock awards that vest on March 12, 2027
Direct share holdings
11,255 shares
Common stock held directly after the reported transactions
Acquisition transactions count
1 acquisition
One compensation-related grant; no open-market buys or sells
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 the Columbia Bank Stock Based Deferral Plan…"
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
"…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 which vest in one year…"
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 12, 2027."
FAQ
What did Columbia Financial (CLBK) director Daria Stacy-Walls report on this Form 4?
She reported receiving a stock-based compensation award linked to Columbia Financial common stock. The grant consists of 249.1058 share units at $19.57 per share under a deferral plan, increasing her indirect equity-linked holdings without any open-market purchase or sale.
What are Daria Stacy-Walls’ total indirect holdings in Columbia Financial (CLBK) after the grant?
After the reported transactions, she indirectly holds 28,847.681 common stock units through the stock-based deferral plan and 2,952 additional shares as stock awards. These indirect positions complement her separate direct ownership of 11,255 Columbia Financial common shares reported in the same filing.
What is the Columbia Bank Stock Based Deferral Plan mentioned for CLBK?
It is a non-qualified stock-based deferral plan where phantom stock is purchased on a non-discretionary basis by a rabbi trust. These stock unit interests track Columbia Financial common stock and will be settled in actual shares upon distribution to the reporting person, as described in the filing footnote.
When do the Columbia Financial (CLBK) stock awards referenced in the Form 4 vest?
The filing notes that certain stock awards were granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan and vest in one year on March 12, 2027. These awards are part of the director’s equity-based compensation structure, separate from open-market transactions.