Columbia Financial exec gets stock deferral award
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported a small stock-based award rather than any open-market trade.
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported a small stock-based award rather than any open-market trade. The trustee of the bank’s rabbi trust acquired 32.2174 phantom stock units at $21.25 under a stock-based deferral plan for his benefit, bringing that indirect position to 9,244.8041 stock units as of July 10, 2026. He also reports 63,662 common shares held directly and several outstanding stock option grants under the 2019 Equity Incentive Plan, including options on 188,235 shares at an exercise price of $15.60 expiring July 23, 2029.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 32.2174 shares
Grant/Award
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 32.2174 | $21.25 | $684.62 |
| holding | Stock Options (right to buy) F5 | -- | -- | -- |
| holding | Stock Options (right to buy) F5 | -- | -- | -- |
| holding | Stock Options (right to buy) F6 | -- | -- | -- |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,244.8041 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 249,652 contracts (Direct);
Common Stock — 63,662 shares (Direct);
Common Stock — 17,130 shares (Indirect, By 401(k));
Common Stock — 8,689 shares (Indirect, By ESOP);
Common Stock — 7,627 shares (Indirect, By SERP);
Common Stock — 4,214 shares (Indirect, By SIM);
Common Stock — 10,971 shares (Indirect, By Stock Award III);
Common Stock — 11,723 shares (Indirect, By Stock Award IV);
Common Stock — 11,906 shares (Indirect, By Stock Award V)
Footnotes (8)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Deferred stock units awarded: 32.2174 shares
Deferred stock units balance: 9,244.8041 shares
Direct common shares: 63,662 shares
+3 more
6 metrics
Deferred stock units awarded
32.2174 shares
Phantom stock units acquired at $21.25 under stock-based deferral plan on July 10, 2026
Deferred stock units balance
9,244.8041 shares
Indirect holding via Columbia Bank Stock Based Deferral Plan as of July 10, 2026
Direct common shares
63,662 shares
Common Stock held directly following transactions dated July 10, 2026
Largest option grant underlying shares
188,235 shares
Stock Options (right to buy) at $15.60 exercise price expiring July 23, 2029
Option exercise price
$18.2800 per share
Stock options on 20,227 underlying shares expiring March 2, 2036
Award price per share
$21.2500 per share
Price used for 32.2174 phantom stock units under stock-based deferral plan
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, performance-based vesting criteria, +2 more
6 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 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.
non-qualified stock-based deferral plan financial
"Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
performance-based vesting criteria financial
"which vest upon achievement of certain specified performance-based vesting criteria"
Stock Options (right to buy) financial
"security_title": "Stock Options (right to buy)""
Equity Incentive Plan financial
"Stock Options 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Columbia Financial (CLBK) report for John Klimowich?
The disclosure shows John Klimowich received a small stock-based award of 32.2174 phantom stock units at $21.25 via a deferral plan. The update mainly records this grant and refreshed direct, indirect and option holdings, without any open-market purchases or sales.
How many deferred stock units in Columbia Financial (CLBK) does Klimowich now hold?
Following the latest award, Klimowich’s indirect position in the stock-based deferral plan totals 9,244.8041 phantom stock units. According to the plan terms, these stock unit interests will be settled in shares of Columbia Financial common stock upon distribution to him.
What stock options on Columbia Financial (CLBK) does Klimowich hold?
He lists several “Stock Options (right to buy)” grants on Columbia Financial common shares, including options on 188,235 underlying shares at $15.60 per share expiring July 23, 2029, alongside additional grants with exercise prices from about $15.94 to $18.28.
How do Columbia Financial’s 2019 Equity Incentive Plan awards vest for Klimowich?
Footnotes state that stock awards and options under the 2019 Equity Incentive Plan are either fully vested and exercisable or vest upon meeting performance-based vesting criteria, often in three approximately equal annual installments beginning between March 6, 2025 and March 2, 2027.
How are phantom stock units under Columbia Financial’s deferral plan settled for Klimowich?
The phantom stock units are held in a rabbi trust under a non-qualified stock-based deferral plan. According to the disclosure, these stock unit interests will be settled in shares of Columbia Financial stock when distributions are made to Klimowich.
AI-generated analysis. How Rhea-AI works. Not financial advice.
