Columbia Financial (CLBK) SEVP receives new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. reported an insider equity change for SEVP & Chief Risk Officer John Klimowich. On February 6, 2026, 36.9665 phantom shares of common stock at $18.52 were purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust under a stock-based deferral plan and credited to his account.
Following this transaction, he beneficially held 8,262.7158 common-stock-denominated units through the Stock-Based Deferral Plan, along with additional common stock positions held directly and through a 401(k), ESOP, SERP, and stock award programs, plus several tranches of stock options granted under the 2019 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36.967 | $18.52 | $684.62 |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,262.716 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 188,235 shares (Direct);
Common Stock — 60,769 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, 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 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 transaction did CLBK disclose for John Klimowich?
Columbia Financial, Inc. disclosed that SEVP & Chief Risk Officer John Klimowich had 36.9665 phantom common shares credited at $18.52 each. These were purchased on a non-discretionary basis by the trustee under a stock-based deferral plan and settled in stock later.
How many CLBK deferral-plan units does Klimowich hold after the transaction?
After the transaction, John Klimowich beneficially owned 8,262.7158 common-stock-denominated units through the Stock-Based Deferral Plan. These units are phantom stock interests that track Columbia Financial’s common shares and will ultimately be settled in stock when distributed under the plan’s terms.
What other CLBK common stock holdings are reported for Klimowich?
Beyond the deferral-plan units, Klimowich is reported as holding 60,769 common shares directly, and additional indirect holdings through a 401(k), ESOP, SERP, a SIM account, and multiple stock awards. Each category reflects different compensation or retirement arrangements tied to Columbia Financial stock.
What stock option grants in CLBK does Klimowich hold?
Klimowich holds several Columbia Financial stock option grants under the 2019 Equity Incentive Plan, including 188,235 options at $15.60, 12,030 at $15.94, 8,850 at $16.49, and 20,310 at $16.23. These options have vesting schedules and expiration dates extending through 2035.
How do CLBK stock awards for Klimowich vest under the 2019 plan?
The stock awards under Columbia Financial’s 2019 Equity Incentive Plan generally vest 25% in three annual installments starting in 2024 or 2025. The remaining 75% vests only if specified performance-based criteria are achieved, typically three years after the award date, including awards vesting around March 3, 2028.