Columbia Financial (CLBK) director details phantom stock, awards, and options

Rhea-AI Filing Summary

Columbia Financial, Inc. director reported a routine acquisition of 153.0193 shares of phantom stock on 12/26/2025 at $16.12 per share through the Columbia Bank Stock Based Deferral Plan. These stock unit interests will be settled in actual shares upon distribution.

After this transaction, the director reports beneficial ownership of 9,993.0194 shares through the stock-based deferral plan, 39,934 shares directly, 44,447 shares via an IRA, 6,704 shares via a Roth IRA, and 3,207 shares through a stock award that vests on March 11, 2026 under the 2019 Equity Incentive Plan.

The filing also lists 62,474 stock options with an exercise price of $15.60 per share, granted under the 2019 Equity Incentive Plan, which are fully vested and exercisable and expire on 07/23/2029.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Randall Elizabeth E.

(Last) (First) (Middle)

19-01 ROUTE 208 NORTH

(Street)

FAIR LAWN NJ 07410

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/26/2025		A		153.0193(1)	A	$16.12	9,993.0194	I	By Stock-Based Deferral Plan
Common Stock								39,934	D
Common Stock								44,447	I	By IRA
Common Stock								6,704	I	By Roth IRA
Common Stock								3,207	I	By Stock Award IV(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (right to buy)	$15.6							07/23/2020(3)	07/23/2029	Common Stock	62,474		62,474	D

Explanation of Responses:

1. 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.

2. Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 11, 2026.

3. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.

Remarks:

	/s/ Thomas J. Kemly, Power of Attorney	12/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Columbia Financial (CLBK) disclose?

The company disclosed that a director acquired 153.0193 phantom stock units on 12/26/2025 at a price of $16.12 per unit through the Columbia Bank Stock Based Deferral Plan.

How many Columbia Financial (CLBK) shares does the director beneficially own after the transaction?

Following the transaction, the director reports beneficial ownership of 9,993.0194 shares through a stock-based deferral plan, 39,934 shares directly, 44,447 via an IRA, 6,704 via a Roth IRA, and 3,207 via a stock award.

What is the nature of the phantom stock reported for Columbia Financial (CLBK)?

The phantom stock represents units purchased on a non-discretionary basis by the trustee of a rabbi trust for the Columbia Bank Stock Based Deferral Plan and will be settled in shares of stock upon distribution to the director.

What stock awards does the Columbia Financial (CLBK) director hold?

The director holds 3,207 shares as a Stock Award IV granted under the 2019 Equity Incentive Plan, which vests in one year on March 11, 2026.

What stock options are reported by the Columbia Financial (CLBK) director?

The director holds 62,474 stock options with an exercise price of $15.60 per share, granted under the 2019 Equity Incentive Plan, which are fully vested and exercisable and expire on 07/23/2029.

Is the Columbia Financial (CLBK) filing made by more than one reporting person?

No. The filing indicates it is a Form filed by One Reporting Person, reflecting the holdings and transactions of a single director.