Columbia Financial (NASDAQ: CLBK) executive reports small stock deferral
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported an update to his equity holdings. On January 9, 2026, 41.7294 phantom stock units of Columbia Financial common stock were purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust for the Columbia Bank Stock Based Deferral Plan at $15.30 per unit, increasing his indirect beneficial interest in that deferral plan to 8,182.7185 units.
He also reports existing holdings of common stock both directly and through vehicles such as a 401(k), ESOP, SERP, SIM, and multiple stock award programs, along with stock options granted under the 2019 Equity Incentive Plan, some of which are fully vested and others that vest in scheduled annual installments.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41.729 | $15.30 | $638.46 |
| 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 | -- | -- | -- |
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 for John Klimowich?
The filing shows that on January 9, 2026, 41.7294 phantom stock units of Columbia Financial, Inc. common stock were purchased at $15.30 per unit for John Klimowich’s benefit through a stock-based deferral plan, increasing his indirect beneficial interest in that plan to 8,182.7185 units.
How were the Columbia Financial phantom stock units acquired for the executive?
According to the footnote, the 41.7294 phantom stock units were purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust in connection with the Columbia Bank Stock Based Deferral Plan. These stock unit interests will be settled in shares of stock upon distribution to the reporting person.
What Columbia Financial common stock does John Klimowich hold after this Form 4?
After the reported transaction, the filing lists 8,182.7185 units indirectly by the Stock-Based Deferral Plan, and additional common stock holdings including 60,769 shares directly, plus indirect holdings through a 401(k), ESOP, SERP, SIM, and multiple performance-based stock award programs.
What Columbia Financial stock options are reported for John Klimowich?
The filing lists several stock options (right to buy) on Columbia Financial common stock, including 188,235 options at an exercise price of $15.6 that are fully vested and exercisable, and additional grants of 12,030, 8,850, and 20,310 options at exercise prices of $15.94, $16.49, and $16.23, respectively, which vest in approximately equal annual installments starting on May 1, 2024, March 6, 2025, and March 3, 2026.
How do the Columbia Financial 2019 Equity Incentive Plan awards for Klimowich vest?
The filing states that certain stock awards under the Columbia Financial, Inc. 2019 Equity Incentive Plan vest as follows: for some awards, 25% vest in three approximately equal annual installments beginning on May 1, 2024 or March 6, 2025, while the remaining 75% vest only upon achievement of specified performance-based criteria after three years. Another award vests upon achievement of performance criteria three years after the award date on March 3, 2028.
Is the reported Columbia Financial insider holding stock directly or indirectly?
The Form 4 shows that John Klimowich holds Columbia Financial common stock both directly (D) and indirectly (I). Direct holdings include 60,769 shares of common stock, while indirect holdings are through arrangements such as a Stock-Based Deferral Plan, 401(k), ESOP, SERP, SIM, and several performance-based stock award vehicles.