CLBK insider reports phantom stock buy and stock options detail

Rhea-AI Filing Summary

Columbia Financial, Inc. (CLBK)$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.

11/18/2025 - 04:52 PM

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

OMB APPROVAL

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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^*

Schlesinger Allyson Katz

(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)
	SEVP&Head of Consumer Banking

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		A		22.2191(1)	A	$15.06	13,481.9241	I	By Stock-Based Deferral Plan
Common Stock								64,281	D
Common Stock								6,683	I	By ESOP
Common Stock								6,459	I	By SERP
Common Stock								4,683	I	By SIM
Common Stock								14,470	I	By Stock Award II(2)
Common Stock								12,672	I	By Stock Award III(3)
Common Stock								12,288	I	By Stock Award IV(4)

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)	$15.6							07/23/2020(5)	07/23/2029	Common Stock	155,294		155,294	D
Stock Options (right to buy)	$15.94							05/01/2024(6)	05/01/2033	Common Stock	12,632		12,632	D
Stock Options (right to buy)	$16.49							03/06/2025(7)	03/06/2034	Common Stock	9,292		9,292	D
Stock Options (right to buy)	$16.23							03/03/2026(8)	03/03/2035	Common Stock	21,289		21,289	D

Explanation of Responses:

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.

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 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.

3. 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.

4. 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.

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

6. 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.

7. 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.

8. 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	11/18/2025
	** 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 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.

How many shares does the reporting person beneficially own after the 11/14/2025 CLBK transaction?

Following the reported transaction, the reporting person beneficially owns 13,481.9241 shares of Columbia Financial common stock through a stock-based deferral plan, in addition to other direct and indirect holdings such as 64,281 shares held directly and 6,683 shares held through an ESOP.

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."