Columbia Financial director adds 165.66 phantom units; holds 62,474 options
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) director Randall Elizabeth E. reported a non‑derivative acquisition on 10/03/2025. The filing shows 165.6595 phantom stock units purchased at $14.89 under a rabbi trust linked to the Columbia Bank Stock Based Deferral Plan; those units will be settled in shares when distributed. After the transactions the reporting person holds equity across accounts: 9,676.2106 shares indirectly via the deferral plan, 44,447 shares indirectly in an IRA, 6,704 shares in an IRA, and 3,207 shares in a Roth IRA. The filing also discloses 62,474 vested stock options (strike $15.60, exercisable through 07/23/2029) and a stock award that vests on 03/11/2026.
Positive
- Director acquisition of 165.6595 phantom units at $14.89 showing continued equity alignment
- Large vested option position: 62,474 options exercisable through 07/23/2029
- Stock award in place that vests on 03/11/2026, supporting future ownership
Negative
- None.
Insights
Insider purchase signals continued equity alignment by a board director.
The director acquired 165.6595 phantom stock units under the non‑qualified deferral plan, which are set to convert to shares on distribution; that maintains indirect beneficial ownership of 9,676.2106 shares via the plan. Holdings also include IRAs and a vested option position of 62,474 shares exercisable through 07/23/2029.
Risks to monitor include dilution from future settlements of deferred units and the vesting of the stock award on 03/11/2026
Transaction reflects compensation deferral rather than open‑market purchase.
The acquired units are phantom stock purchased by the rabbi trust for the Stock Based Deferral Plan and will be settled in shares on distribution; price recorded is $14.89. Separately, a large vested option position carries a $15.60 exercise price and an expiration of 07/23/2029, and a stock award vests on 03/11/2026.
Watch the timing of distributions and any option exercises, as they could change share count when settlement or exercises occur within the next 3–48 months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 165.66 | $14.89 | $2K |
| holding | Stock Options (right to buy) | -- | -- | -- |
| 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 which vest in one year on March 11, 2026. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
