Columbia Financial director awarded stock-based units
Columbia Financial, Inc. director Noel R. Holland reported an automatic stock-based award linked to the company’s deferral plan.
Rhea-AI Filing Summary
Columbia Financial, Inc. director Noel R. Holland reported an automatic stock-based award linked to the company’s deferral plan. Holland acquired 9.6011 phantom stock units of common stock at $17.75 per unit through the Columbia Bank Stock Based Deferral Plan.
After this grant, Holland holds 10,039.9776 units in the deferral plan, which will be settled in shares of stock upon distribution. The filing also shows 36,726 shares of common stock held directly, 46,280 shares held via a SEP-IRA, and 2,952 shares from a stock award, plus fully vested options covering 83,294 shares at a $15.60 exercise price expiring on July 23, 2029.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 9.6011 shares
Grant/Award
5 txns
Insider
Holland Noel R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9.6011 | $17.75 | $170.42 |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,039.9776 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 83,294 contracts (Direct);
Common Stock — 36,726 shares (Direct);
Common Stock — 46,280 shares (Indirect, By SEP-IRA);
Common Stock — 2,952 shares (Indirect, Stock Award V)
Footnotes (3)
- 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 which vest in one year on March 12, 2027.
- F3. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
Key Figures
Phantom stock grant: 9.6011 units at $17.75
Deferred units balance: 10,039.9776 units
Direct common stock: 36,726 shares
+5 more
8 metrics
Phantom stock grant
9.6011 units at $17.75
Stock-based deferral plan acquisition on April 6, 2026
Deferred units balance
10,039.9776 units
Total stock-based deferral plan units after transaction
Direct common stock
36,726 shares
Directly held Columbia Financial common stock
SEP-IRA holdings
46,280 shares
Common stock held indirectly via SEP-IRA
Stock award holdings
2,952 shares
Common stock from stock award V held indirectly
Stock options
83,294 underlying shares
Fully vested options to buy common stock
Option exercise price
$15.60 per share
Exercise price for 83,294 stock options
Option expiration
July 23, 2029
Expiration date of stock options
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, 2019 Equity Incentive Plan, +1 more
5 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
"purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust"
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
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
2019 Equity Incentive Plan financial
"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
Stock Options (right to buy) financial
"Stock Options (right to buy) with an exercise price of 15.6000"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Noel R. Holland report in this Form 4 for Columbia Financial (CLBK)?
Noel R. Holland reported an automatic grant of 9.6011 phantom stock units tied to Columbia Financial common stock at $17.75 per unit. These units were credited under the Columbia Bank Stock Based Deferral Plan and will be settled in shares upon future distribution.
How many deferred stock units does Noel R. Holland now hold in CLBK?
After the latest grant, Holland holds 10,039.9776 stock-based deferral units linked to Columbia Financial common stock. These units are maintained in a rabbi trust for the Columbia Bank Stock Based Deferral Plan and will be settled in shares at distribution.
Does this Columbia Financial (CLBK) Form 4 show any insider stock sales?
No insider sales are shown in this Form 4. The filing reports an acquisition coded as a grant or award and provides updated holdings, including deferred units, direct common stock, SEP-IRA shares, and stock awards, without any reported open-market sales.
What stock option position does Noel R. Holland report in CLBK?
Holland reports fully vested stock options covering 83,294 shares of Columbia Financial common stock with a $15.60 exercise price. These options, granted under the 2019 Equity Incentive Plan, are exercisable until their expiration date on July 23, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
