Columbia Financial (CLBK) Insider Files Form 4 Showing Equity Awards and Options
Rhea-AI Filing Summary
Form 4 filed for Columbia Financial, Inc. (CLBK) shows Jenifer Walden White, listed as an EVP & CHRO and director, reporting stock and option holdings and an acquisition on 09/19/2025. The filing reports an acquisition of 34.345 phantom stock units at a reported price of $15.51 under the Companys stock-based deferral plan. Following the transaction, the filing lists total beneficial ownership components across direct and indirect holdings, including 3,352 shares direct, multiple indirect holdings via ESOP, SERP, SIM and several stock awards, and 2,809.7786 units reported as indirect beneficial ownership after the acquisition. The report also discloses outstanding stock options exercisable into 5,540, 6,203, 5,107 and 11,297 shares with exercise prices of $20.54, $15.94, $16.49 and $16.23, respectively.
Positive
- Acquisition recorded: Reporting person purchased 34.345 phantom stock units at $15.51 under the stock-based deferral plan, increasing reported holdings
Negative
- None.
Insights
TL;DR: Insider purchased phantom stock units and retains multiple option grants and awards, indicating continued compensation alignment with equity.
The Form 4 documents a non-derivative acquisition of 34.345 phantom stock units at $15.51 under the companys stock-based deferral plan, increasing reported indirect holdings to 2,809.7786 units in that category. The reporting person also holds substantial option positions exercisable into a total of 28,147 common shares across four option grants, with exercise prices ranging from $15.94 to $20.54. This is a routine insider compensation and deferral activity rather than a transaction implying a significant change in control or liquidity event. All observations are strictly limited to the filings disclosures.
TL;DR: Transaction appears to be routine compensation-related acquisition; multiple equity awards and deferrals remain outstanding.
The report indicates the reporting person is an executive officer and director and that the acquisition was made through the trustee of a rabbi trust as part of the Columbia Bank Stock Based Deferral Plan. The filing itemizes direct and indirect holdings including ESOP and SERP allocations and several performance- and time-based stock awards. The structure and explanations align with standard executive compensation arrangements; no departures, sales, or unusual transfers are disclosed in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34.345 | $15.51 | $532.69 |
| 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)
- 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 three equal annual installments commencing on October 31, 2023. 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 vest in three equal annual installments commencing on October 31, 2023. 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.
