CLBK Form 4: Insider Disposes 64,281 Shares, Acquires 21.57 Phantom Units
Allyson Katz Schlesinger, SEVP & Head of Consumer Banking at Columbia Financial, Inc. (CLBK), reported transactions on 09/19/2025.
Rhea-AI Filing Summary
Allyson Katz Schlesinger, SEVP & Head of Consumer Banking at Columbia Financial, Inc. (CLBK), reported transactions on 09/19/2025. The filing shows an acquisition of 21.5744 phantom stock units under the Columbia Bank Stock Based Deferral Plan at a price of $15.51 per share equivalent, which will be settled in shares upon distribution. The form also reports a disposition of 64,281 common shares. The report lists multiple indirect holdings across the reporting person’s benefit plans and awards, and several outstanding stock options with exercise prices from $15.60 to $16.49 and expirations through 2035.
Positive
- Participation in stock-based deferral plan shows ongoing alignment with long-term shareholder interests through deferred compensation.
- Multiple equity awards and options remain outstanding with staggered vesting, supporting retention incentives.
Negative
- Large disposition of 64,281 common shares was reported, indicating a material reduction in direct share ownership on this filing date.
- Net direct share change unclear because the filing shows both acquisitions and disposals without explanation for the disposals.
Insights
TL;DR Insider disposed of a large block of shares while acquiring a small phantom stock deferral interest; holdings include multiple vested and unvested awards.
The 64,281-share disposition on the same filing is notable for its size relative to the single-unit acquisition recorded, indicating a net reduction in direct holdings. The acquisition reflects participation in a non-qualified stock deferral plan that will convert to shares on distribution, preserving long-term alignment with equity compensation structures. Outstanding options are modestly in-the-money around current reported prices, with staggered vesting and expirations through 2035, which maintains potential future insider buying if exercised.
TL;DR Transaction mix shows routine compensation-related movements rather than a discrete corporate event.
The Form 4 primarily documents compensation-driven transactions: phantom units purchased by a trustee and multiple plan- and performance-based awards and options with scheduled vesting. The presence of disposals could reflect plan distributions, portfolio rebalancing, or other personal liquidity needs; the filing does not state the reason. Governance-wise, continued participation in the bank’s equity plans demonstrates alignment with shareholder interests through deferred and performance-based equity instruments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21.5744 | $15.51 | $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 (8)
- 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.
- F2. 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.
- 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 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.
- F4. 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.
- F5. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F6. 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.
- F7. 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.
- F8. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Allyson Katz Schlesinger report on Form 4 for CLBK?
What is the nature of the 21.5744 units acquired?
Does the Form 4 list other equity holdings for the reporting person?
Are there exercisable options reported for the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.
