Columbia Financial EVP logs small tax share withholding
Columbia Financial, Inc. executive vice president and chief information officer Prabhu Manesh Balachandran reported a small, non-market transaction.
Rhea-AI Filing Summary
Columbia Financial, Inc. executive vice president and chief information officer Prabhu Manesh Balachandran reported a small, non-market transaction. On a Form 4 dated for a transaction on March 6, 2026, 382 shares of common stock were withheld at $18.06 per share to cover tax obligations, leaving 5,504 common shares held directly. The filing also lists several outstanding stock option grants with exercise prices between $15.94 and $20.54 and expiration dates from 2032 through 2036, plus 7,669 phantom stock units and various indirect share holdings in company benefit and stock award plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 382 shares
Exercise Price or Tax Liability
14 txns
Insider
Prabhu Manesh Balachandran
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 382 | $18.06 | $7K |
| 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 | Stock Options (right to buy) | -- | -- | -- |
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,504 shares (Direct);
Stock Options (right to buy) — 68,371 contracts (Direct);
Phantom Stock Unit — 7,669 contracts (Indirect, Deferred Stock Unit Plan);
Common Stock — 545.5975 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 1,680 shares (Indirect, By 401(k));
Common Stock — 2,150 shares (Indirect, By ESOP);
Common Stock — 437 shares (Indirect, By SERP);
Common Stock — 9,690 shares (Indirect, By Stock Award II);
Common Stock — 10,286 shares (Indirect, By Stock Award III);
Common Stock — 11,018 shares (Indirect, By Stock Award IV)
Footnotes (12)
- F1. The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- F2. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
- F11. One phantom stock unit is the economic equivalent of one share of CLBK Common Stock. Phantom stock units were granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan and will be settled in cash upon distribution.
- F12. On the settlement date, phantom stock units will be payable in cash. The cash value will be calculated, in accordance with the Columbia Financial, Inc. 2026 Phantom Stock Plan, based on the closing stock price of the Company's Common Stock on the determination date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Columbia Financial (CLBK) report for Prabhu Manesh Balachandran?
Columbia Financial reported that EVP & CIO Prabhu Manesh Balachandran had 382 common shares withheld at $18.06 per share on March 6, 2026 to cover tax obligations. This was a non-market, tax-withholding disposition rather than an open-market sale or purchase.
Was the Columbia Financial (CLBK) Form 4 a buy or sell transaction?
The Form 4 records a tax-withholding disposition of 382 shares at $18.06 per share, coded “F.” This represents shares retained by the company to satisfy tax liabilities and is not an open-market buy or sell decision by the executive.
What stock options for Columbia Financial (CLBK) does the EVP & CIO report holding?
The filing lists several stock option grants on Columbia Financial common stock, with exercise prices from $15.94 to $20.54 and expiration dates between 2032 and 2036. Underlying share amounts range from 8,296 to 19,545 for each option grant.
What are the phantom stock units disclosed in the Columbia Financial (CLBK) Form 4?
The Form 4 shows 7,669 phantom stock units, each economically equivalent to one Columbia Financial common share. They were granted under the 2026 Phantom Stock Plan and will be settled in cash based on the stock’s closing price on a specified determination date.
Does the Columbia Financial (CLBK) insider filing show any open-market trades?
The insider filing does not show any open-market purchases or sales. It reports a single tax-withholding event of 382 shares and updates various direct, option, phantom unit, and plan-based holdings, which are primarily compensation and benefit-related positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
