Columbia Financial (CLBK) risk chief reports small stock-based deferral award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. senior executive John Klimowich reported an update to his holdings that includes a small stock-based award. On June 12, 2026, he acquired 33.0734 shares of Common Stock at $20.70 per share through a stock-based deferral plan, treated as compensation rather than a market purchase.
The award represents phantom stock purchased on a non-discretionary basis by a trustee under the Columbia Bank Stock Based Deferral Plan and will be settled in shares upon distribution. Following this transaction, his indirect deferral-plan balance is 9,179.7669 shares, and he also holds multiple stock option grants with exercise prices between $15.60 and $18.28, expiring between 2029 and 2036.
Positive
- None.
Negative
- None.
Insights
Routine compensation-related share award with no open-market buying or selling.
SEVP & Chief Risk Officer John Klimowich received 33.0734 shares of Columbia Financial common stock at $20.70 per share via a stock-based deferral plan on June 12, 2026. This is coded as an A transaction, a grant or other acquisition, not a market trade.
The filing also lists existing indirect holdings in stock awards, retirement and benefit plans, and direct holdings of stock options with exercise prices between $15.60 and $18.28, expiring from 2029 to 2036. These options, some fully vested, indicate ongoing long-term equity exposure but do not change cash flow for the company or signal a directional market view.
Because there are no open-market purchases or sales and the net buy/sell shares are zero, this update is best viewed as routine administrative disclosure of compensation and holdings. Subsequent filings may detail any future exercises or sales if they occur.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33.073 | $20.70 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,179.767 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 188,235 shares (Direct, null);
Common Stock — 63,662 shares (Direct, null)
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 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 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. 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 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. 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.
Key Figures
Stock-based award: 33.0734 shares at $20.70
Deferral plan balance: 9,179.7669 shares
Direct common stock: 63,662 shares
+5 more
8 metrics
Stock-based award
33.0734 shares at $20.70
Common Stock grant via Stock-Based Deferral Plan on June 12, 2026
Deferral plan balance
9,179.7669 shares
Indirect Common Stock units after transaction, Stock-Based Deferral Plan
Direct common stock
63,662 shares
Directly held Common Stock position as of June 12, 2026
Largest option grant
188,235 underlying shares at $15.60
Stock Options (right to buy), expiration July 23, 2029
Option grant
20,227 underlying shares at $18.28
Stock Options (right to buy), expiration March 2, 2036
Option grant
20,310 underlying shares at $16.23
Stock Options (right to buy), expiration March 3, 2035
Option grant
8,850 underlying shares at $16.49
Stock Options (right to buy), expiration March 6, 2034
Option grant
12,030 underlying shares at $15.94
Stock Options (right to buy), expiration May 1, 2033
Key Terms
phantom stock, non-qualified stock-based deferral plan, rabbi trust, Stock Options (right to buy, +2 more
6 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust…"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
non-qualified stock-based deferral plan financial
"…maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan."
rabbi trust financial
"…purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection…"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
Stock Options (right to buy financial
"Stock Options (right to buy) granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan…"
2019 Equity Incentive Plan financial
"Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable."
performance-based vesting criteria financial
"…which vest upon achievement of certain specified performance-based vesting criteria, which if achieved…"
FAQ
What insider transaction did Columbia Financial (CLBK) report for John Klimowich?
Columbia Financial reported that SEVP & Chief Risk Officer John Klimowich acquired 33.0734 shares of common stock at $20.70 per share. The acquisition occurred through a stock-based deferral plan, classified as a grant or award rather than an open-market purchase or sale.
What stock options for Columbia Financial (CLBK) does John Klimowich hold?
The filing lists several stock option grants on Columbia Financial common stock, with exercise prices of $18.28, $16.23, $16.49, $15.94, and $15.60. Expiration dates run from July 23, 2029 through March 2, 2036, reflecting long-term equity incentives under the 2019 Equity Incentive Plan.
Are the Columbia Financial (CLBK) stock options held by Klimowich vested?
One set of stock options is described as fully vested and exercisable under the Columbia Financial 2019 Equity Incentive Plan. Other grants vest in approximately three equal annual installments starting on dates such as March 6, 2025, March 3, 2026, and March 2, 2027, subject to plan terms.
What is the Columbia Financial (CLBK) Stock Based Deferral Plan mentioned in the Form 4?
The Stock Based Deferral Plan involves phantom stock purchased on a non-discretionary basis by a trustee for a rabbi trust. Under this non-qualified stock-based deferral plan, stock unit interests will be settled in Columbia Financial shares upon distribution to the reporting person at a later time.