Columbia Financial (CLBK) CRO reports tax withholding and stock award
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich reported routine compensation-related share movements. On March 6, 2026, 402 shares of common stock were withheld at $18.06 per share to cover tax obligations, a non-market disposition, and 37.9081 common shares were credited under a stock-based deferral plan at the same price.
Following these transactions, he directly holds 61,464 common shares and indirectly holds 8,337.7508 deferral-plan shares, plus additional indirect common stock through plans such as a 401(k), ESOP, SERP, and multiple stock award programs. He also retains stock options over 188,235 underlying shares at an exercise price of $15.60 expiring in 2029, along with several newer option grants over 12,030, 8,850, 20,310, and 20,227 underlying shares with exercise prices between $15.94 and $18.28 expiring between 2033 and 2036.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding and small award, with sizable options retained.
These transactions for John Klimowich, SEVP & Chief Risk Officer of Columbia Financial, Inc., are largely administrative. The F-code entry shows 402 shares withheld at $18.06 to satisfy tax obligations, which is not an open-market sale and carries little signaling value.
The A-code entry reflects a modest grant of 37.9081 deferred-plan shares at $18.06, consistent with ongoing stock-based compensation. More importantly, the filing lists substantial remaining stock options over 188,235, 12,030, 8,850, 20,310, and 20,227 underlying shares, with exercise prices between $15.60 and $18.28 expiring from 2029 through 2036.
Overall, the activity appears routine and compensation-driven rather than discretionary trading. Future company filings may further detail vesting progress on the stock awards and options granted under the 2019 Equity Incentive Plan, which govern when additional shares could become available to him.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 402 | $18.06 | $7K |
| Grant/Award | Common Stock | 37.908 | $18.06 | $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 | -- | -- | -- |
Footnotes (1)
- The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested. 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 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. 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. 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.
