[Form 4] Columbia Financial, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) Form 4 summary: The company's SEVP & Chief Risk Officer reported a transaction dated 10/03/2025 showing an acquisition of 42.8785 stock units at a price of $14.89 under the Stock Based Deferral Plan. The filing lists multiple existing holdings held directly or indirectly, including 60,769 shares reported as disposed, several indirect holdings through retirement and award plans, and large outstanding stock option positions.
The filing also shows fully vested and exercisable options representing 188,235 underlying common shares from a $15.60 strike option series, plus additional option tranches totaling 41,190 shares with strikes between $15.94 and $16.49. The report was signed by a power of attorney on behalf of the reporting person.
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Insights
Insider used deferred compensation and holds substantial exercisable options.
The reporting officer acquired 42.8785 stock units at $14.89 through a non-qualified Stock Based Deferral Plan, which will convert to shares on distribution. Several other holdings are held indirectly through a 401(k), ESOP, SERP and award tranches, showing common use of tax-advantaged and retention vehicles.
Material governance signals include 188,235 fully exercisable options at a $15.60 strike and multiple time- and performance-vested awards; monitor vesting dates and performance conditions over the next three years for potential dilution and executive retention impacts.
Large exercisable option pool increases potential share conversion risk.
The filing discloses option tranches exercisable into common stock totaling 229,425 shares when combining the listed series (188,235 + 12,030 + 8,850 + 20,310), each with specified exercise prices between $15.60 and $16.49. These options are direct holdings for the reporting person.
Because a substantial portion is already exercisable, any future exercise would increase share count; track exercises and option expirations through 2029–2035 to measure dilution timing and potential insider liquidity events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42.8785 | $14.89 | $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 (8)
- 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. 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.
- 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 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.
- F4. 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.
- F5. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F6. 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.
- F7. 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.
- F8. 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.
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