Columbia Financial (CLBK) executive gains phantom stock units at $17.12
Rhea-AI Filing Summary
Columbia Financial, Inc. reported that its SEVP & Head of Consumer Banking acquired 19.5456 phantom stock units tied to common stock on 12/12/2025 through the Columbia Bank Stock Based Deferral Plan at $17.12 per unit. After this trustee-directed purchase in the plan’s rabbi trust, the executive beneficially owns 13,522.6081 shares indirectly via the deferral plan, 64,281 shares directly, and additional indirect holdings through the ESOP, SERP, SIM, and several performance-based stock awards. The filing also lists stock options to buy 155,294 shares at an exercise price of $15.60 expiring on 07/23/2029, plus option grants for 12,632, 9,292 and 21,289 shares at exercise prices between $15.94 and $16.49 expiring between 2033 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19.546 | $17.12 | $334.62 |
| 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 | -- | -- | -- |
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 Columbia Financial (CLBK) report on December 12, 2025?
The report shows that the SEVP & Head of Consumer Banking acquired 19.5456 phantom stock units related to Columbia Financial, Inc. common stock on 12/12/2025 at a price of $17.12 per unit through the Columbia Bank Stock Based Deferral Plan.
What is the Columbia Bank Stock Based Deferral Plan mentioned for CLBK?
The Columbia Bank Stock Based Deferral Plan is described as a non-qualified stock-based deferral plan where phantom stock is purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust. Stock unit interests under this plan will be settled in shares of stock upon distribution to the reporting person.
What stock awards under the 2019 Equity Incentive Plan are disclosed for Columbia Financial (CLBK)?
The filing describes stock awards under the Columbia Financial, Inc. 2019 Equity Incentive Plan. For certain awards, 25% vest in three approximately equal annual installments starting on May 1, 2024 or March 6, 2025, and the remaining 75% vest upon achievement of specified performance-based criteria, in which case they would vest three years after the award date. Another award vests upon performance-based criteria and, if achieved, would vest three years after the award date on March 3, 2028.
What stock options held by the Columbia Financial officer are disclosed in this Form 4?
The officer holds stock options granted under the 2019 Equity Incentive Plan, including 155,294 options at an exercise price of $15.60 expiring on 07/23/2029, 12,632 options at $15.94 expiring on 05/01/2033, 9,292 options at $16.49 expiring on 03/06/2034, and 21,289 options at $16.23 expiring on 03/03/2035. Some option grants are fully vested, while others vest in three approximately equal annual installments beginning on the grant-related dates.