CLBK insider reports phantom stock buy and stock options detail
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported an insider equity transaction by its SEVP & Head of Consumer Banking on a Form 4. On 11/14/2025, the reporting person acquired 22.2191 shares of Columbia Financial common stock at a price of $15.06 per share through a stock-based deferral plan, described as phantom stock purchased on a non-discretionary basis by the trustee of the bank's rabbi trust. After this transaction, the reporting person beneficially owned 13,481.9241 shares through the stock-based deferral plan, along with additional direct and indirect holdings through an ESOP, SERP, SIM, and multiple stock award programs under the 2019 Equity Incentive Plan.
The filing also lists several outstanding stock options granted under the 2019 Equity Incentive Plan with exercise prices between $15.6 and $16.49, expiration dates ranging from 07/23/2029 to 03/03/2035, and vesting schedules tied to time-based and performance-based criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22.219 | $15.06 | $334.62 |
| 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 | 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 Columbia Financial (CLBK) report on this Form 4?
The Form 4 reports that the SEVP & Head of Consumer Banking acquired 22.2191 shares of Columbia Financial, Inc. common stock on 11/14/2025 at a price of $15.06 per share through a stock-based deferral plan.
What is the nature of the phantom stock reported for Columbia Financial (CLBK)?
The 22.2191 shares represent phantom stock purchased, on a non-discretionary basis, by the trustee of a rabbi trust in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under this plan will be settled in shares of stock upon distribution to the reporting person.
What stock option grants for CLBK are disclosed in this Form 4?
The filing lists several stock options to purchase Columbia Financial common stock, including 155,294 options with a $15.6 exercise price expiring on 07/23/2029, 12,632 options at $15.94 expiring on 05/01/2033, 9,292 options at $16.49 expiring on 03/06/2034, and 21,289 options at $16.23 expiring on 03/03/2035.
How do Columbia Financial (CLBK) stock awards under the 2019 Equity Incentive Plan vest?
The stock awards referenced as Stock Award II, III, and IV are granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan. For certain awards, 25% vest in three approximately equal annual installments starting on dates such as 05/01/2024 or 03/06/2025, while the remaining 75% vest upon achievement of specified performance-based criteria, generally three years after the award date, including a vesting date of 03/03/2028 for one award.
What is the relationship of the reporting person to Columbia Financial (CLBK)?
The reporting person is an officer of Columbia Financial, Inc., serving as SEVP & Head of Consumer Banking, and files individually as indicated by the box checked for "Form filed by One Reporting Person."