Equity grants to Columbia Financial (CLBK) SEVP and commercial head
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. executive Lewis Oliver Edward Jr., SEVP & Head of Commercial Banking, reported new equity awards. He was granted 20,000 stock options and 11,772 shares of common stock as a stock award, both recorded as acquisitions at no cash cost in this transaction.
The options and stock awards were issued under the 2019 Equity Incentive Plan, with vesting tied to multi-year schedules and performance-based criteria, including tranches that begin vesting in approximately equal annual installments and others that vest three years after the award dates through March 2, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Lewis Oliver Edward Jr
Role
SEVP & Head Commercial Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 20,000 | $0.00 | -- |
| Grant/Award | Common Stock | 11,772 | $0.00 | -- |
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 20,000 shares (Direct);
Common Stock — 11,772 shares (Indirect, Stock Award VI);
Common Stock — 26,672 shares (Direct)
Footnotes (1)
- 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. 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. 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. 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. 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. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable. 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. 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. 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
What did Lewis Oliver Edward Jr. acquire in this CLBK Form 4 filing?
He received new equity awards from Columbia Financial, Inc., including 20,000 stock options and 11,772 shares of common stock. These awards were granted at no cash cost in this transaction under the company’s 2019 Equity Incentive Plan with multi-year vesting schedules.
How many Columbia Financial (CLBK) stock options were granted to Lewis Oliver Edward Jr.?
He was granted 20,000 stock options described as a right to buy Columbia Financial common stock. The options were awarded with a reported transaction price per share of 0.0000 and vest in three approximately equal annual installments starting on March 2, 2027.
What stock awards did Lewis Oliver Edward Jr. report for Columbia Financial (CLBK)?
He reported an award of 11,772 shares of Columbia Financial common stock, held indirectly as “Stock Award VI.” These shares were granted under the 2019 Equity Incentive Plan and are subject to vesting based on time and specified performance-based criteria over several years.
What are the key vesting terms of the Columbia Financial 2019 Equity Incentive Plan awards?
The plan provides stock awards that either vest in three approximately equal annual installments or upon achievement of specified performance-based criteria. Some performance-based awards vest three years after the grant, with dates including March 3, 2028 and March 2, 2029, if performance targets are achieved.
Do the reported Columbia Financial (CLBK) stock options in this Form 4 vest immediately?
No, the reported stock options do not vest immediately. Certain options vest in three approximately equal annual installments beginning on dates such as March 2, 2027, May 1, 2024, March 6, 2025, and March 3, 2026, according to the 2019 Equity Incentive Plan footnotes.
Does this Columbia Financial (CLBK) Form 4 show any stock sales by Lewis Oliver Edward Jr.?
No, the filing shows only acquisitions and holdings, with no reported sales. The transaction summary lists two acquisition transactions and zero sales or dispositions, indicating this Form 4 reflects grants and existing positions rather than selling activity.