Columbia Financial (CLBK) director adds phantom stock units and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. director Noel R. Holland reported a compensation-related acquisition of 8.0198 phantom stock units of common stock at $21.25 per unit under a stock-based deferral plan, held indirectly through a rabbi trust. After this credit, his deferral-plan balance is 10,079.3200 stock unit interests. He also reports unchanged holdings of common stock held directly, through a SEP-IRA, as stock awards that vest March 12, 2027, and fully vested options on 83,294 shares at $15.6000 per share expiring July 23, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Holland Noel R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8.02 | $21.25 | $170.42 |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,079.32 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 83,294 shares (Direct);
Common Stock — 36,726 shares (Direct)
Footnotes (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. Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 12, 2027. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
Key Figures
Stock unit award: 8.0198 shares
Award reference price: 21.2500 per share
Deferral plan balance: 10,079.3200 shares
+5 more
8 metrics
Stock unit award
8.0198 shares
Phantom stock units credited on 2026-07-10 under the stock-based deferral plan
Award reference price
21.2500 per share
Price per share used for the 8.0198-unit grant on 2026-07-10
Deferral plan balance
10,079.3200 shares
Stock unit interests in the Columbia Bank Stock Based Deferral Plan after the award
Stock awards
2,952.0000 shares
Common stock represented by stock awards vesting on March 12, 2027
SEP-IRA holdings
46,280.0000 shares
Common shares held indirectly via a SEP-IRA
Direct common stock
36,726.0000 shares
Common shares held directly by the reporting person
Options underlying shares
83,294.0000 shares
Common shares underlying fully vested stock options expiring July 23, 2029
Option exercise price
15.6000 per share
Exercise price of stock options granted under the 2019 Equity Incentive Plan
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Options (right to buy), +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
"by the trustee of the Bank's rabbi trust maintained in connection"
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
"the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
Stock Options (right to buy) financial
"security_title": "Stock Options (right to buy)""
Equity Incentive Plan financial
"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider transaction did Columbia Financial (CLBK) director Noel R. Holland report?
Noel R. Holland indirectly acquired 8.0198 phantom stock units of Columbia Financial common stock at $21.25 per unit. The units were credited under the Columbia Bank Stock Based Deferral Plan and are held through a rabbi trust, to be settled in shares upon distribution.
What stock options in Columbia Financial (CLBK) does Noel R. Holland hold?
Holland holds fully vested stock options on 83,294.0000 shares of Columbia Financial common stock, with an exercise price of $15.6000 per share and an expiration date of July 23, 2029. These options were granted under the 2019 Equity Incentive Plan.
What is the Columbia Bank Stock Based Deferral Plan mentioned for CLBK?
The Columbia Bank Stock Based Deferral Plan is a non-qualified stock-based deferral plan where a trustee purchases phantom stock on a non-discretionary basis for a rabbi trust. Participants receive stock unit interests that will be settled in Columbia Financial shares upon distribution.
When do Noel R. Holland’s Columbia Financial (CLBK) stock awards vest?
Stock awards held by Holland under the Columbia Financial, Inc. 2019 Equity Incentive Plan are scheduled to vest on March 12, 2027. These awards represent 2,952.0000 shares of common stock, shown as indirect holdings labeled as Stock Award V.
Was Noel R. Holland’s CLBK Form 4 transaction an open-market trade?
No, the reported activity reflects a grant or award acquisition of 8.0198 phantom stock units in a stock-based deferral plan, not an open-market purchase or sale. Other entries in the Form 4 are holdings updates for existing direct, IRA, award, and option positions.