Columbia Financial risk chief acquires 62 stock units
The reported deferral-plan position after the acquisition was 20,914.5899 units, alongside five listed direct option positions.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. reported that John Klimowich, its SEVP & Chief Risk Officer, acquired 62.0127 phantom stock units through the Columbia Bank Stock Based Deferral Plan on October 30, 2026, at $11.04 per share. The trustee purchased the phantom stock on a non-discretionary basis; the units will be settled in shares upon distribution. Klimowich's reported plan position after the transaction was 20,914.5899 units.
The filing also lists five direct stock-option positions covering 414,117 shares at $7.10, expiring July 23, 2029; 26,466 shares at $7.25, expiring May 1, 2033; 19,470 shares at $7.50, expiring March 6, 2034; 44,682 shares at $7.38, expiring March 3, 2035; and 44,499 shares at $8.31, expiring March 2, 2036.
Insider Trade Summary
Grant/Award: 62.0127 shares
Grant/Award
1 txn
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 62.0127 | $11.04 | $684.62 |
| Holding | Stock Options (right to buy) F5 | -- | -- | -- |
| Holding | Stock Options (right to buy) F5 | -- | -- | -- |
| Holding | Stock Options (right to buy) F6 | -- | -- | -- |
| Holding | Stock Options (right to buy) F7 | -- | -- | -- |
| Holding | Stock Options (right to buy) F8 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock F2 | -- | -- | -- |
| Holding | Common Stock F3 | -- | -- | -- |
| Holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,914.5899 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 549,234 contracts (Direct);
Common Stock — 145,056 shares (Direct);
Common Stock — 67,975 shares (Indirect, By 401(k));
Common Stock — 9,309 shares (Indirect, By SIM);
Common Stock — 19,198 shares (Indirect, By ESOP);
Common Stock — 16,852 shares (Indirect, By SERP);
Common Stock — 24,135 shares (Indirect, By Stock Award III);
Common Stock — 25,790 shares (Indirect, By Stock Award IV);
Common Stock — 26,193 shares (Indirect, By Stock Award V)
Holdings Before and After:
Common Stock, 20,852.5772 to 20,914.5899 shares (Indirect, By Stock-Based Deferral Plan)
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 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.
- F3. 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.
- 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 2, 2029.
- 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 March 6, 2025.
- F7. 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.
- F8. 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
Phantom stock units acquired: 62.0127 phantom stock units
Reported price per share: $11.04 per share
Deferral-plan position after transaction: 20,914.5899 units
+5 more
8 metrics
Phantom stock units acquired
62.0127 phantom stock units
October 30, 2026; Columbia Bank Stock Based Deferral Plan
Reported price per share
$11.04 per share
Phantom stock acquisition on October 30, 2026
Deferral-plan position after transaction
20,914.5899 units
Reported after the October 30, 2026 transaction
Option underlying shares
414,117 common shares
Exercise price $7.10; expires July 23, 2029
Option underlying shares
26,466 common shares
Exercise price $7.25; expires May 1, 2033
Option underlying shares
19,470 common shares
Exercise price $7.50; expires March 6, 2034
Option underlying shares
44,682 common shares
Exercise price $7.38; expires March 3, 2035
Option underlying shares
44,499 common shares
Exercise price $8.31; expires March 2, 2036
Key Terms
phantom stock, non-qualified stock-based deferral plan, Stock unit interests, fully vested and exercisable
4 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis"
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
"a non-qualified stock-based deferral plan"
Stock unit interests financial
"Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares"
fully vested and exercisable financial
"Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many CLBK phantom stock units did John Klimowich acquire?
John Klimowich reported acquiring 62.0127 phantom stock units on October 30, 2026, through the Columbia Bank Stock Based Deferral Plan at $11.04 per share. The trustee purchased the phantom stock on a non-discretionary basis.
How are CLBK deferral-plan phantom stock units settled?
The stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares upon distribution to John Klimowich.
AI-generated analysis. How Rhea-AI works. Not financial advice.
