CLBK Form 4: Director reports stock-based deferral plan purchase

Rhea-AI Filing Summary

Columbia Financial, Inc. (CLBK) director reported acquiring 613.6567 phantom stock units of common stock on November 14, 2025 at $15.06 per unit through the Columbia Bank Stock Based Deferral Plan. These 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 director indirectly holds 26,911.0491 stock unit interests via the deferral plan, in addition to 8,048 shares of common stock held directly and 3,207 shares held indirectly through a Stock Award IV granted under the 2019 Equity Incentive Plan, which vests on March 11, 2026.

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^*

Torres Daria Stacy-Walls

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		613.6567(1)	A	$15.06	26,911.0491	I	By Stock-Based Deferral Plan
Common Stock								8,048	D
Common Stock								3,207	I	By Stock Award IV(2)

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

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 which vest in one year on March 11, 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Columbia Financial (CLBK) report on this Form 4?

The Form 4 reports that a director of Columbia Financial, Inc. acquired 613.6567 phantom stock units of common stock on November 14, 2025 at $15.06 per unit through the Columbia Bank Stock Based Deferral Plan.

What is the Columbia Bank Stock Based Deferral Plan mentioned for CLBK?

The Columbia Bank Stock Based Deferral Plan is described as a non-qualified stock-based deferral plan where phantom stock is purchased on a non-discretionary basis by a trustee of the bank's rabbi trust. Stock unit interests will be settled in shares of stock when they are distributed to the reporting person.

How many Columbia Financial (CLBK) stock units and shares does the director own after the reported transaction?

Following the reported transaction, the director indirectly owns 26,911.0491 stock unit interests in the Columbia Bank Stock Based Deferral Plan, directly holds 8,048 shares of common stock, and indirectly holds 3,207 shares via a Stock Award IV.

What are the Stock Awards under the 2019 Equity Incentive Plan for CLBK?

The filing states that the Stock Awards were granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan and that they vest in one year on March 11, 2026. The director indirectly holds 3,207 shares through Stock Award IV.

What type of ownership does the director report for the CLBK phantom stock units?

The 613.6567 phantom stock units and the total of 26,911.0491 stock unit interests under the Columbia Bank Stock Based Deferral Plan are reported as indirect ownership, held "By Stock-Based Deferral Plan".

What is the relationship of the reporting person to Columbia Financial (CLBK)?

The reporting person is identified as a Director of Columbia Financial, Inc., and the Form 4 is filed as a Form filed by One Reporting Person.