Columbia Financial officer gets stock deferral units
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported a compensation-related acquisition of 39.7804 shares of Common Stock at $17.2100 per share on March 20, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported a compensation-related acquisition of 39.7804 shares of Common Stock at $17.2100 per share on March 20, 2026. The shares are phantom stock credited under the Columbia Bank Stock Based Deferral Plan and will be settled in stock upon distribution.
Insider Trade Summary
Grant/Award: 39.7804 shares
Grant/Award
1 txn
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 39.7804 | $17.21 | $684.62 |
| 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 | 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 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,966.6788 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 249,652 contracts (Direct);
Common Stock — 61,464 shares (Direct);
Common Stock — 17,130 shares (Indirect, By 401(k));
Common Stock — 8,689 shares (Indirect, By ESOP);
Common Stock — 7,627 shares (Indirect, By SERP);
Common Stock — 4,214 shares (Indirect, By SIM);
Common Stock — 13,781 shares (Indirect, By Stock Award II);
Common Stock — 10,971 shares (Indirect, By Stock Award III);
Common Stock — 11,723 shares (Indirect, By Stock Award IV);
Common Stock — 11,906 shares (Indirect, By Stock Award V)
Holdings Before and After:
Common Stock, 8,926.8984 to 8,966.6788 shares (Indirect, By Stock-Based Deferral Plan)
Footnotes (11)
- F1. 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.
- F2. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- 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 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.
- F4. 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.
- F5. 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.
- F6. 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 2, 2029.
- F7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Columbia Financial (CLBK) report for John Klimowich?
Columbia Financial reported that SEVP & Chief Risk Officer John Klimowich acquired 39.7804 phantom shares of Common Stock at $17.2100 per share. These units were credited under a stock-based deferral plan as a compensation-related award, not as an open-market purchase.
Is the Columbia Financial (CLBK) Form 4 transaction an open-market buy or a grant?
The Form 4 describes a grant or award acquisition, coded “A,” rather than an open-market purchase. The additional 39.7804 phantom shares were credited under Columbia Bank’s Stock Based Deferral Plan as exempt acquisitions pursuant to Rule 16b-3(c), reflecting compensation, not trading activity.
What does the stock-based deferral plan at Columbia Financial (CLBK) do for executives?
The Columbia Bank Stock Based Deferral Plan allows executives to hold phantom stock units that mirror Common Stock performance. According to the filing, these stock unit interests are settled in shares of stock upon distribution, deferring compensation while keeping value linked to Columbia Financial’s share price.
What other equity positions for John Klimowich are noted in the Columbia Financial (CLBK) filing?
The Form 4 lists multiple stock option grants under the 2019 Equity Incentive Plan with exercise prices between $15.6000 and $18.2800 and expirations from 2029 to 2036. It also references various time- and performance-based stock awards that vest over multi-year periods if criteria are achieved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
