CLBK EVP & CIO granted options, phantom units
Columbia Financial, Inc. executive vice president and chief information officer Prabhu Manesh Balachandran reported new equity-based awards.
Rhea-AI Filing Summary
Columbia Financial, Inc. executive vice president and chief information officer Prabhu Manesh Balachandran reported new equity-based awards. He was granted 19,545 stock options on March 2, 2026 at no purchase price, with vesting in three approximately equal annual installments beginning on March 2, 2027 under the 2019 Equity Incentive Plan.
He also received 7,669 phantom stock units 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 on the determination date. The filing reflects increases in beneficial ownership from exempt acquisitions under Rule 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 27,214 shares
Grant/Award
14 txns
Insider
Prabhu Manesh Balachandran
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 19,545 | $0.00 | $0.00 |
| Grant/Award | Phantom Stock Unit | 7,669 | $0.00 | $0.00 |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 68,371 contracts for 48,826 underlying shares (Direct);
Phantom Stock Unit — 7,669 contracts (Indirect, Deferred Stock Unit Plan);
Common Stock — 545.5975 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 4,857 shares (Direct);
Common Stock — 1,660 shares (Indirect, By 401(k));
Common Stock — 2,150 shares (Indirect, By ESOP);
Common Stock — 437 shares (Indirect, By SERP);
Common Stock — 9,690 shares (Indirect, By Stock Award II);
Common Stock — 11,315 shares (Indirect, By Stock Award III);
Common Stock — 11,018 shares (Indirect, By Stock Award IV)
Footnotes (11)
- F1. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- 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 Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
- F6. 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.
- F7. 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.
- F8. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F9. 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.
- F10. 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.
- F11. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CLBK executive Prabhu Manesh Balachandran report on this Form 4?
He reported equity-based awards granted on March 2, 2026. These include 19,545 stock options and 7,669 phantom stock units tied to Columbia Financial, Inc. common stock, reflecting exempt acquisitions that increased his reported beneficial ownership.
How many stock options did CLBK grant to EVP & CIO Prabhu Balachandran?
He was granted 19,545 stock options on March 2, 2026. The options were issued under Columbia Financial, Inc.’s 2019 Equity Incentive Plan and vest in three approximately equal annual installments starting March 2, 2027, with no purchase price paid at grant.
What are the terms of the phantom stock units reported by CLBK’s Prabhu Balachandran?
He received 7,669 phantom stock units under the 2026 Phantom Stock Plan. Each unit is economically equivalent to one CLBK share and will be settled in cash, calculated using the closing stock price on the determination date specified in the plan.
How will the CLBK phantom stock units granted to Prabhu Balachandran be settled?
The phantom stock units will be paid in cash on the settlement date. Their cash value will be determined under the 2026 Phantom Stock Plan using the closing price of Columbia Financial, Inc. common stock on the applicable determination date.
Under which plans were Prabhu Balachandran’s new CLBK awards granted?
The stock options were granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan. The 7,669 phantom stock units were granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan and are designed to mirror CLBK common stock performance in cash form.
Does this CLBK Form 4 show insider buying or selling in the market?
The filing shows exempt grants of stock options and phantom stock units, not open-market buying or selling. Awards increased reported beneficial ownership under Rule 16b-3(c) through compensation-related grants rather than purchases or sales of existing CLBK shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
