Columbia Financial (CLBK) EVP awarded stock options and cash-settled phantom units

Rhea-AI Filing Summary

Columbia Financial, Inc. executive Mayra Liseth Rinaldi, EVP of Corporate Governance & Culture, reported new equity-based awards. She received a grant of 12,121 stock options on March 2, 2026 under the 2019 Equity Incentive Plan, vesting in three approximately equal annual installments starting on March 2, 2027.

Rinaldi also acquired 4,756 phantom stock units on March 2, 2026 under the 2026 Phantom Stock Plan, each economically equivalent to one share of CLBK common stock and payable in cash based on the closing stock price at settlement. The filing additionally updates her existing option and common stock holdings across direct accounts, retirement plans, stock award programs, and family-related accounts.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rinaldi Mayra Liseth

(Last) (First) (Middle)

19-01 ROUTE 208 NORTH

(Street)

FAIR LAWN NJ 07410

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Corp Governance & Culture

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								18,160	D
Common Stock								7,249	I	By 401(k)
Common Stock								6,686	I	By ESOP
Common Stock								68	I	By SERP
Common Stock								200	I	By UTMA Custodian for Daughter
Common Stock								40	I	By UTMA Custodian for God Daughter
Common Stock								1,624	I	By Spouse - IRA
Common Stock								8,614	I	By Stock Award II(1)
Common Stock								6,537	I	By Stock Award III(2)
Common Stock								6,474	I	By Stock Award IV(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (right to buy)	$18.28	03/02/2026		A		12,121		03/02/2027(4)	03/02/2036	Common Stock	12,121	$0	12,121	D
Phantom Stock Unit	(5)	03/02/2026		A		4,756		(6)	(6)	Common Stock	4,756	$0	4,756	I	Deferred Stock Unit Plan
Stock Options (right to buy)	$15.6							07/23/2020(7)	07/23/2029	Common Stock	49,412		49,412	D
Stock Options (right to buy)	$15.94							05/01/2024(8)	05/01/2033	Common Stock	7,519		7,519	D
Stock Options (right to buy)	$16.49							03/06/2025(9)	03/06/2034	Common Stock	4,794		4,794	D
Stock Options (right to buy)	$16.23							03/03/2026(10)	03/03/2035	Common Stock	11,215		11,215	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. One phantom stock unit is the economic equivalent of one share of CLBK Common Stock. Phantom stock units were granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan and will be settled in cash upon distribution.

6. On the settlement date, phantom stock units will be payable in cash. The cash value will be calculated, in accordance with the Columbia Financial, Inc. 2026 Phantom Stock Plan, based on the closing stock price of the Company's Common Stock on the determination date.

7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.

8. 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.

9. 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.

10. 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.

Remarks:

	/s/ Dennis E. Gibney, Power of Attorney	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Columbia Financial (CLBK) report in Mayra Rinaldi’s latest Form 4?

Columbia Financial reported new equity awards for EVP Mayra Liseth Rinaldi. She received 12,121 stock options and 4,756 phantom stock units on March 2, 2026, plus updated disclosures of her existing option and common stock holdings across various direct, retirement, stock award, and family-related accounts.

How many Columbia Financial (CLBK) stock options did Mayra Rinaldi receive?

Mayra Rinaldi received a grant of 12,121 stock options. These options were issued under the Columbia Financial, Inc. 2019 Equity Incentive Plan and vest in three approximately equal annual installments beginning March 2, 2027, providing staggered long-term incentive alignment with the company’s future performance.

What are the phantom stock units granted to the Columbia Financial (CLBK) EVP?

Rinaldi was granted 4,756 phantom stock units, each economically equivalent to one CLBK share. The units were issued under the 2026 Phantom Stock Plan and will be settled in cash, with value based on the closing stock price on the plan’s specified determination date at settlement.

How do Mayra Rinaldi’s Columbia Financial (CLBK) phantom stock units pay out?

The phantom stock units will be paid in cash on the settlement date. Cash value is calculated under the 2026 Phantom Stock Plan using the closing price of Columbia Financial common stock on the determination date, linking payout directly to the company’s market share price at that time.

How do Rinaldi’s Columbia Financial (CLBK) stock options vest over time?

The newly granted stock options vest in three approximately equal annual installments. Vesting begins March 2, 2027, under the 2019 Equity Incentive Plan, creating a multi-year schedule that encourages continued service and alignment of the executive’s incentives with long-term shareholder and company performance.

What other Columbia Financial (CLBK) holdings are disclosed for Mayra Rinaldi?

The Form 4 lists multiple existing holdings for Rinaldi, including various tranches of stock options and common stock. These are held directly and indirectly through a 401(k), ESOP, SERP, UTMA custodial accounts, a spouse’s IRA, and several stock award programs with separate balances.