Columbia Financial exec reports share forfeiture, tax withholding
Columbia Financial, Inc. executive Allyson Katz Schlesinger, SEVP & Head of Consumer Banking, reported compensation-related share adjustments tied to performance-based awards.
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. executive Allyson Katz Schlesinger, SEVP & Head of Consumer Banking, reported compensation-related share adjustments tied to performance-based awards. On May 1, 2026 the company determined that 2,171 performance-based restricted shares would vest and 10,852 shares would be forfeited back to the issuer. To cover tax obligations on the vesting, 1,309 common shares were withheld at $19.25 per share. After these dispositions, she directly holds 67,314 common shares, along with multiple stock-based awards and stock options granted under the 2019 Equity Incentive Plan, some of which are fully vested and exercisable.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Schlesinger Allyson Katz
Role
SEVP&Head of Consumer Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 10,852 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,309 | $19.25 | $25K |
| 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 | 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 — 67,314 shares (Direct);
Stock Options (right to buy) — 219,871 contracts (Direct);
Common Stock — 13,543.3661 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 7,753 shares (Indirect, By ESOP);
Common Stock — 7,130 shares (Indirect, By SERP);
Common Stock — 4,683 shares (Indirect, By SIM);
Common Stock — 11,520 shares (Indirect, By Stock Award III);
Common Stock — 12,288 shares (Indirect, By Stock Award IV);
Common Stock — 12,574 shares (Indirect, By Stock Award V)
Footnotes (10)
- F1. Represents the forfeiture of performance-based restricted stock granted to the reporting person on May 1, 2023 that were eligible to vest based on certain performance objectives. On May 1, 2026 the Company determined that, based on the Company's performance over the applicable performance period, 2,171 shares would vest and 10,852 shares would be forfeited.
- F2. The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- F3. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- 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 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 2, 2029.
- F7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- 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.
Key Figures
Tax-withheld shares: 1,309 shares at $19.25
Forfeited performance shares: 10,852 shares
Vested performance shares: 2,171 shares
+3 more
6 metrics
Tax-withheld shares
1,309 shares at $19.25
Common stock withheld for tax obligations on 2026-05-01
Forfeited performance shares
10,852 shares
Performance-based restricted stock forfeited on 2026-05-01
Vested performance shares
2,171 shares
Performance-based restricted stock vesting determined on 2026-05-01
Direct common stock holding
68,623 shares
Directly held common stock after reported transactions
Largest option grant
155,294 options at $15.60
Stock options expiring 2029-07-23 on Columbia Financial common stock
Additional option grant
12,632 options at $15.94
Stock options expiring 2033-05-01 under 2019 Equity Incentive Plan
Key Terms
performance-based restricted stock, rule 16b-3(c), 2019 Equity Incentive Plan, Stock Options (right to buy), +1 more
5 terms
performance-based restricted stock financial
"performance-based restricted stock granted to the reporting person on May 1, 2023"
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
rule 16b-3(c) regulatory
"increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan"
Stock Options (right to buy) financial
"Stock Options (right to buy) ... underlying security title Common Stock"
performance-based vesting criteria financial
"vest upon achievement of certain specified performance-based vesting criteria"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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