Columbia Financial exec logs small stock-based award
Columbia Financial, Inc. executive John Klimowich reported updated holdings and a small equity award.
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich reported updated holdings and a small equity award. As SEVP & Chief Risk Officer, he indirectly acquired 36.8869 shares of Common Stock on a stock-based deferral plan at $18.56 per share, bringing that plan’s balance to 9,042.1358 shares. The filing also lists his other indirect Common Stock holdings across stock awards, retirement and benefit plans, and 61,464 directly held Common Stock shares. In addition, he holds several stock option grants on Common Stock with exercise prices between $15.60 and $18.28, expiring from 2029 to 2036, granted under the 2019 Equity Incentive Plan.
Insider Trade Summary
Grant/Award: 36.8869 shares
Grant/Award
15 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36.8869 | $18.56 | $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 | 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,042.1358 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 249,652 contracts (Direct);
Common Stock — 61,464 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 — 13,781 shares (Indirect, By Stock Award II);
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 (10)
- 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 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.
- F3. 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.
- 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 3, 2028.
- F5. 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.
- F6. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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
Stock-based deferral award: 36.8869 shares at $18.56
Deferral plan balance: 9,042.1358 shares
Direct Common Stock holdings: 61,464 shares
+5 more
8 metrics
Stock-based deferral award
36.8869 shares at $18.56
Common Stock units acquired indirectly on Apr. 17, 2026
Deferral plan balance
9,042.1358 shares
Common Stock units in stock-based deferral plan after transaction
Direct Common Stock holdings
61,464 shares
Common Stock held directly by Klimowich after reported updates
Largest option grant
188,235 options at $15.60
Stock Options (right to buy) expiring Jul. 23, 2029
Option grant
20,227 options at $18.28
Stock Options (right to buy) expiring Mar. 2, 2036
Option grant
20,310 options at $16.23
Stock Options (right to buy) expiring Mar. 3, 2035
Option grant
8,850 options at $16.49
Stock Options (right to buy) expiring Mar. 6, 2034
Option grant
12,030 options at $15.94
Stock Options (right to buy) expiring May 1, 2033
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 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
"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 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. Stock unit interests…"
Stock Options (right to buy financial
"security_title": "Stock Options (right to buy)", "underlying_security_title": "Common Stock""
2019 Equity Incentive Plan financial
"Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan…"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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