Columbia Financial, Inc. (CLBK) officer reports phantom stock purchase
Rhea-AI Filing Summary
Columbia Financial, Inc. reported that its SEVP & Chief Risk Officer acquired 37.2932 phantom stock units representing common stock on 12/12/2025 at $17.12 through the Columbia Bank Stock Based Deferral Plan. The units were purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust and will be settled in shares of stock upon distribution to the reporting person.
After this transaction, the officer indirectly holds 8,101.3824 stock-based deferral plan units, in addition to 60,769 common shares held directly and further indirect holdings through a 401(k), ESOP, SERP, SIM and several stock award programs. The report also lists stock options under the 2019 Equity Incentive Plan, including 188,235 fully vested options at $15.6 expiring on 07/23/2029, plus additional grants of 12,030, 8,850 and 20,310 options at exercise prices of $15.94, $16.49 and $16.23, vesting in installments through 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37.293 | $17.12 | $638.46 |
| 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, 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 on 12/12/2025?
The filing shows that the SEVP & Chief Risk Officer of Columbia Financial, Inc. acquired 37.2932 phantom stock units representing common stock on 12/12/2025 at $17.12 through a stock-based deferral plan.
Who is the reporting person in this Columbia Financial (CLBK) Form 4 and what is their role?
The reporting person is an officer of Columbia Financial, Inc., serving as SEVP & Chief Risk Officer, as indicated in the relationship section of the report.
How many stock-based deferral plan units does the CLBK officer hold after the reported transaction?
Following the 12/12/2025 transaction, the officer beneficially owns 8,101.3824 common stock-equivalent units indirectly through the Columbia Bank Stock Based Deferral Plan.
What other Columbia Financial (CLBK) common stock holdings does the officer report?
In addition to the deferral plan units, the officer reports 60,769 common shares held directly and indirect holdings of 17,130 shares via a 401(k), 7,620 via an ESOP, 7,051 via a SERP, 4,214 via a SIM, and stock awards of 13,781, 12,068, and 11,723 shares under Stock Award II, III, and IV, respectively.
How do Columbia Financial (CLBK) stock awards under the 2019 Equity Incentive Plan vest?
Certain stock awards vest 25% in three approximately equal annual installments starting on 05/01/2024 or 03/06/2025, with the remaining 75% vesting upon achievement of specified performance-based criteria, three years after the award date. Another set of awards vests upon achievement of performance-based criteria, three years after the award date on 03/03/2028, as described in the explanations.
What is meant by phantom stock in the CLBK officer’s deferral plan?
The explanation states that the transaction represents phantom stock purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan. These stock unit interests will be settled in shares of stock upon distribution to the reporting person.