Columbia Financial (CLBK) director receives phantom stock and awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Torres Daria Stacy-Walls reported acquisition or exercise transactions in this Form 4 filing.
Columbia Financial, Inc. director Daria Stacy-Walls reported a stock-based compensation grant rather than an open-market trade. On the Columbia Bank Stock Based Deferral Plan, a trustee purchased 274.6479 phantom stock units at $17.75 per unit on a non-discretionary basis. These stock unit interests will be settled in shares upon future distribution to her. Following this transaction, she holds 28,598.5752 common shares indirectly through the deferral plan and 11,255 common shares directly, plus 2,952 indirect Stock Awards that vest on March 12, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Torres Daria Stacy-Walls
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 274.648 | $17.75 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,598.575 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 11,255 shares (Direct)
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 12, 2027.
Key Figures
Phantom stock units granted: 274.6479 units
Grant price per unit: $17.75 per unit
Indirect deferral-plan holdings: 28,598.5752 shares
+2 more
5 metrics
Phantom stock units granted
274.6479 units
Grant under Columbia Bank Stock Based Deferral Plan
Grant price per unit
$17.75 per unit
Phantom stock purchase price on April 6, 2026
Indirect deferral-plan holdings
28,598.5752 shares
Common Stock indirectly owned after transaction
Direct common holdings
11,255 shares
Common Stock directly owned after transaction
Stock Awards holdings
2,952 shares
Indirect Stock Awards scheduled to vest March 12, 2027
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Awards, +1 more
5 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.
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.
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"
Stock Awards financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year"
FAQ
What did Columbia Financial (CLBK) director Daria Stacy-Walls acquire in this Form 4?
Daria Stacy-Walls received 274.6479 phantom stock units as stock-based compensation, valued at $17.75 per unit. These units were purchased on a non-discretionary basis in a rabbi trust under the Columbia Bank Stock Based Deferral Plan and will later settle in actual shares.
Is the Columbia Financial (CLBK) Form 4 a market purchase or a compensation grant?
The Form 4 reflects a compensation-related grant, not an open-market purchase. Phantom stock units were acquired through the Columbia Bank Stock Based Deferral Plan by a trustee, and will be settled in shares upon distribution, consistent with a non-qualified stock-based deferral arrangement.
What is the Columbia Bank Stock Based Deferral Plan mentioned in the CLBK Form 4?
The Columbia Bank Stock Based Deferral Plan is a non-qualified stock-based deferral plan. Under it, a trustee purchases phantom stock on a non-discretionary basis in a rabbi trust, and these stock unit interests are later settled in actual shares when distributed to the reporting person.
When do the Columbia Financial (CLBK) Stock Awards held by Daria Stacy-Walls vest?
The Stock Awards referenced in the filing were granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan and are scheduled to vest in one year on March 12, 2027, as described in the footnotes to the Form 4.