Executive equity awards at Columbia Financial (NASDAQ: CLBK) disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibney Dennis E. reported acquisition or exercise transactions in this Form 4 filing.
Columbia Financial, Inc. reported that executive Dennis E. Gibney received new equity awards in the form of stock options and common stock. He was granted 53,033 stock options and 31,213 shares of common stock at no cash cost as part of the company’s 2019 Equity Incentive Plan.
The awards vest over time and are tied in part to performance-based criteria, with some options vesting in three approximately equal annual installments starting on March 2, 2027, and certain stock awards scheduled to vest three years after their grant date if specified performance goals are achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Gibney Dennis E.
Role
1st Sr. EVP, CBO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 53,033 | $0.00 | -- |
| Grant/Award | Common Stock | 31,213 | $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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| 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) — 53,033 shares (Direct);
Common Stock — 31,213 shares (Indirect, By Stock Award V);
Common Stock — 156,801 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. The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c). 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 insider transactions did Columbia Financial (CLBK) report for Dennis E. Gibney?
Columbia Financial reported that Dennis E. Gibney received new equity awards, including stock options and common stock, under the 2019 Equity Incentive Plan. These transactions increased his beneficial ownership through exempt, no-cash-cost grants recorded as acquisitions on March 2, 2026.
How many stock options were granted to Dennis E. Gibney at Columbia Financial (CLBK)?
Dennis E. Gibney was granted 53,033 stock options described as rights to buy Columbia Financial common stock. These options were awarded at a stated price of $0.0000 per option as part of the company’s 2019 Equity Incentive Plan on March 2, 2026.
What are the vesting terms for Dennis E. Gibney’s Columbia Financial (CLBK) stock options?
Footnotes state that certain stock options granted under the 2019 Equity Incentive Plan vest in three approximately equal annual installments beginning March 2, 2027. Other option tranches referenced in the filing are already fully vested and exercisable according to the disclosed plan terms.
How do performance-based conditions affect Columbia Financial (CLBK) stock awards to Dennis E. Gibney?
Several stock awards vest only if specified performance-based criteria are achieved. If those criteria are met, the awards typically vest three years after the grant date, with disclosed vesting dates such as March 3, 2028, and March 2, 2029 for particular award tranches.
Were Dennis E. Gibney’s equity grants at Columbia Financial (CLBK) exempt under SEC rules?
A footnote explains that the filing reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to SEC rule 16b-3(c). This rule generally covers board-approved compensation grants, distinguishing them from open-market purchases or sales of Columbia Financial stock.