Columbia Financial director receives stock deferral units

Columbia Financial, Inc. director Daria Stacy-Walls reported routine equity-related compensation activity linked to the Columbia Bank Stock Based Deferral Plan.

Rhea-AI Filing Summary

Columbia Financial, Inc. director Daria Stacy-Walls reported routine equity-related compensation activity linked to the Columbia Bank Stock Based Deferral Plan. On June 26, 2026, 479.3864 phantom stock units of common stock at $20.86 per unit were acquired on a non-discretionary basis by the trustee of the Bank's rabbi trust under this non-qualified stock-based deferral plan.

These stock unit interests will be settled in shares of stock upon distribution to the reporting person and are reported as indirect ownership "By Stock-Based Deferral Plan," bringing her indirect holdings to 29,562.5746 shares. A separate holding line shows 11,255 directly held common shares, with no buy or sell transactions disclosed.

Insider Trade Summary

Grant/Award: 479.3864 shares

Grant/Award 2 txns

Insider Torres Daria Stacy-Walls

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	479.3864	$20.86	$10K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 29,562.5746 shares (Indirect, By Stock-Based Deferral Plan); Common Stock — 11,255 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Phantom stock units acquired: 479.3864 units Phantom unit reference price: $20.86 per unit Indirect holdings after transaction: 29,562.5746 shares +1 more

4 metrics

Phantom stock units acquired 479.3864 units Non-qualified stock-based deferral plan on June 26, 2026

Phantom unit reference price $20.86 per unit Price per common stock phantom unit

Indirect holdings after transaction 29,562.5746 shares Indirectly held via Stock Based Deferral Plan

Direct common stock holdings 11,255 shares Direct ownership line item following reported activity

Key Terms

phantom stock, rabbi trust, non-qualified stock-based deferral plan, stock unit interests

4 terms

phantom stock financial

"Represents phantom stock purchased, on a non-discretionary basis, by the trustee"

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

"by the trustee of the Bank's rabbi trust maintained in connection"

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 unit interests financial

"Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CLBK director Daria Stacy-Walls report?

Daria Stacy-Walls reported an acquisition of 479.3864 phantom stock units at $20.86 each under Columbia Bank’s stock-based deferral plan. These units are part of a non-qualified compensation program rather than an open-market stock purchase or sale.

Is the CLBK Form 4 transaction a market buy or sell of shares?

The Form 4 does not show a market buy or sell. It reports phantom stock purchased on a non-discretionary basis by a rabbi trust under a stock-based deferral plan, which will later settle in shares as deferred compensation.

How many Columbia Financial (CLBK) shares does Daria Stacy-Walls now hold?

After the reported transactions, Daria Stacy-Walls holds 11,255 common shares directly and 29,562.5746 shares indirectly through the Columbia Bank Stock Based Deferral Plan, reflecting both direct ownership and deferred compensation interests.

What is the Columbia Bank Stock Based Deferral Plan mentioned in the CLBK filing?

The Columbia Bank Stock Based Deferral Plan is a non-qualified stock-based deferral plan. Under it, phantom stock units are purchased in a rabbi trust on a non-discretionary basis and will be settled in actual shares upon distribution to the reporting person.

What does phantom stock mean in the Columbia Financial (CLBK) Form 4?

Phantom stock represents units that mirror the value of CLBK common shares but are not actual shares yet. In this filing, those units are held in a rabbi trust and will convert into shares of stock when distributed under the deferral plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/30/2026 - 12:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Torres Daria Stacy-Walls

(Last) (First) (Middle)

19-01 ROUTE 208 NORTH

(Street)

FAIR LAWN NEW JERSEY 07410

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/26/2026		A		479.3864(1)	A	$20.86	29,562.5746	I	By Stock-Based Deferral Plan
Common Stock								11,255	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

Remarks:

	/s/ Dennis E. Gibney, Power of Attorney	06/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)