Columbia Financial EVP gets stock-based award
Columbia Financial EVP & CIO Prabhu Manesh Balachandran reported a compensation-related increase in indirect holdings.
Rhea-AI Filing Summary
Columbia Financial EVP & CIO Prabhu Manesh Balachandran reported a compensation-related increase in indirect holdings. On March 13, 2026, a grant of 476.7191 shares of Columbia Financial, Inc. common stock at $17.48 per share was credited under a stock-based deferral plan, raising that plan balance to 1,022.3166 shares. He also reports outstanding stock options, including 12,985 underlying shares at an exercise price of $20.54, plus additional option grants and phantom stock units detailed in the filing. There were no open-market purchases or sales.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 476.7191 shares
Grant/Award
14 txns
Insider
Prabhu Manesh Balachandran
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 476.7191 | $17.48 | $8K |
| 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 — 1,022.3166 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 68,371 contracts (Direct);
Phantom Stock Unit — 7,669 contracts (Indirect, Deferred Stock Unit Plan);
Common Stock — 5,504 shares (Direct);
Common Stock — 1,914 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. 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. 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 did Columbia Financial (CLBK) EVP & CIO report on this Form 4?
Columbia Financial EVP & CIO Prabhu Manesh Balachandran reported a compensation-related award, not a market trade. He acquired 476.7191 shares of common stock at $17.48 through a stock-based deferral plan, increasing his indirect balance in that plan to 1,022.3166 shares.
Was the Columbia Financial (CLBK) Form 4 transaction a buy or sell in the market?
The Form 4 does not show any open-market buy or sell. It reports an exempt acquisition under a stock-based deferral plan, where 476.7191 phantom stock units tied to CLBK common stock were credited as compensation, rather than purchased or sold on an exchange.
What stock options does the Columbia Financial (CLBK) EVP & CIO hold according to this filing?
The filing lists several stock option grants under the 2019 Equity Incentive Plan. One example is an option on 12,985 underlying CLBK shares at a $20.54 exercise price, with other option grants at exercise prices of $15.94, $16.49, $16.23, and $18.28 per share.
What are the phantom stock units mentioned for Columbia Financial (CLBK)?
Phantom stock units are compensation instruments that mirror CLBK’s common stock value. One unit equals one share economically, but they are settled in cash on distribution. The filing notes 7,669 underlying shares in phantom units under the 2026 Phantom Stock Plan, payable based on closing stock prices.
Is the Columbia Financial (CLBK) Form 4 transaction considered routine compensation?
The reported acquisition is described as an exempt award under Rule 16b-3(c) and tied to company equity and phantom stock plans. That language indicates a routine, plan-based compensation event, rather than a discretionary open-market trade by the EVP & CIO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
