Director Lucy Sorrentini gets Columbia Financial (CLBK) stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. director Lucy Sorrentini reported a compensation-related stock award of common stock, classified as an acquisition under a grant or award, pursuant to the company’s 2019 Equity Incentive Plan. These stock awards vest in one year on March 12, 2027.
Following these updates, she indirectly holds 2,952 shares of common stock from stock awards, directly holds 14,871 shares, and indirectly holds an additional 7,680.3636 shares through a stock-based deferral plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sorrentini Lucy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 0 | $17.43 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,952 shares (Indirect, Stock Award V);
Common Stock — 14,871 shares (Direct)
Footnotes (1)
- Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 12, 2027. The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
FAQ
What did Lucy Sorrentini report on her Form 4 for Columbia Financial (CLBK)?
Lucy Sorrentini reported a compensation-related stock award of Columbia Financial common stock. The award is classified as an acquisition under a grant or award and was issued under the 2019 Equity Incentive Plan, reflecting routine director equity compensation rather than an open-market transaction.
When do Lucy Sorrentini’s new Columbia Financial (CLBK) stock awards vest?
The stock awards reported by Lucy Sorrentini vest in one year on March 12, 2027. These awards were granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan, indicating a standard time-based vesting schedule commonly used for director and executive equity compensation.
Are Lucy Sorrentini’s Columbia Financial (CLBK) transactions open-market purchases or compensation grants?
The reported acquisition is a grant or award of stock, not an open-market purchase. It is described as stock awards granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan, indicating compensation-related equity rather than discretionary buying or selling in the public market.
How are indirect Columbia Financial (CLBK) holdings reported for Lucy Sorrentini on this Form 4?
Indirect holdings for Lucy Sorrentini include 2,952 shares from stock awards and 7,680.3636 shares held through a stock-based deferral plan. The filing notes that some shares previously held as stock awards have vested and are now included in the directly held share count.