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Columbia Financial (NASDAQ: CLBK) director gets stock deferral units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Columbia Financial, Inc. director Noel R. Holland reported routine equity compensation activity and updated holdings. On June 12, 2026, 8.2329 shares of phantom common stock at $20.70 per share were credited to his account under a stock-based deferral plan, increasing this indirect position to 10,056.9187 stock unit interests.

He also reported indirect holdings of 2,952 shares as stock awards that vest on March 12, 2027, and 46,280 shares held through a SEP-IRA, plus 36,726 shares held directly. In addition, he holds fully vested stock options covering 83,294 shares of common stock at an exercise price of $15.60 per share, expiring on July 23, 2029.

Positive

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Negative

  • None.
Insider Holland Noel R.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 8.233 $20.70 $170.42
holding Stock Options (right to buy) -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 10,056.919 shares (Indirect, By Stock-Based Deferral Plan); Stock Options (right to buy) — 83,294 shares (Direct, null); Common Stock — 36,726 shares (Direct, null)
Footnotes (1)
  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.
Phantom stock units acquired 8.2329 units at $20.70 Credited under Columbia Bank Stock Based Deferral Plan on June 12, 2026
Total deferral plan units 10,056.9187 units Stock unit interests after June 12, 2026 deferral plan credit
Stock awards holdings 2,952 shares Stock Awards vesting March 12, 2027 under 2019 Equity Incentive Plan
SEP-IRA holdings 46,280 shares Indirect ownership through SEP-IRA as of June 12, 2026
Direct common stock holdings 36,726 shares Direct ownership of Columbia Financial common stock
Stock options position 83,294 options at $15.60 Fully vested options, expire July 23, 2029, on Columbia Financial common stock
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust..."
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 with the Columbia Bank Stock Based Deferral Plan..."
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.
Stock Based Deferral Plan financial
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan."
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year..."
Stock Options (right to buy) financial
"Stock Options (right to buy) granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested..."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Holland Noel R.
(Last)(First)(Middle)
19-01 ROUTE 208 NORTH
(Street)
FAIR LAWN NEW JERSEY 07410
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/12/2026A8.2329(1)A$20.710,056.9187IBy Stock-Based Deferral Plan
Common Stock36,726D
Common Stock46,280IBy SEP-IRA
Common Stock2,952IStock Award V(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (right to buy)$15.607/23/2020(3)07/23/2029Common Stock83,29483,294D
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 12, 2027.
3. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
Remarks:
/s/ Dennis E. Gibney, Power of Attorney06/16/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Columbia Financial (CLBK) director Noel R. Holland report in this Form 4?

Director Noel R. Holland reported routine equity compensation and updated share holdings. He received 8.2329 phantom stock units under a stock-based deferral plan and confirmed various direct, SEP-IRA, stock award, and stock option positions in Columbia Financial common stock.

How many phantom stock units did Noel R. Holland acquire in Columbia Financial (CLBK)?

He acquired 8.2329 phantom stock units at a reference price of $20.70 per unit. These were credited under a non-qualified stock-based deferral plan, bringing his total stock unit interests in that plan to 10,056.9187 units held indirectly through the associated rabbi trust.

What are Noel R. Holland’s current Columbia Financial (CLBK) stock option holdings?

He holds fully vested stock options covering 83,294 shares of Columbia Financial common stock. These options have an exercise price of $15.60 per share and expire on July 23, 2029, reflecting a significant remaining derivative position separate from his stock and phantom unit holdings.

What indirect Columbia Financial (CLBK) holdings does Noel R. Holland report?

He reports 10,056.9187 phantom stock units in a stock-based deferral plan, 2,952 shares as stock awards that vest on March 12, 2027, and 46,280 shares held via a SEP-IRA. These positions are in addition to his directly held common stock and stock options.

How many Columbia Financial (CLBK) shares does Noel R. Holland hold directly?

He reports direct ownership of 36,726 shares of Columbia Financial common stock. This direct holding is separate from his SEP-IRA shares, phantom stock units under the deferral plan, stock awards scheduled to vest, and his fully vested stock options position.

Is Noel R. Holland’s Form 4 for Columbia Financial (CLBK) a buy or sell signal?

The Form 4 reflects an equity grant, not an open-market trade. It shows 8.2329 phantom stock units credited as compensation, plus updated holdings. There are no reported open-market purchases or sales, so it mainly documents routine, non-market compensation-related activity.