Columbia Financial (CLBK) risk chief reports new stock deferral award and options
Rhea-AI Filing Summary
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported an acquisition of 63.1568 shares of Columbia Financial common stock on August 7, 2026 at $10.84 per share. The shares represent phantom stock purchased on a non-discretionary basis in a rabbi trust under a stock-based deferral plan and will be settled in shares upon distribution.
Following this transaction, Klimowich holds 20,464.6506 indirect stock-based deferral units, along with various direct and indirect common stock holdings and multiple stock option awards with exercise prices between $7.10 and $8.31 per share.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 63.1568 shares
Net Buy
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 63.1568 | $10.84 | $684.62 |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Stock Options (right to buy) F9 | -- | -- | -- |
| holding | Stock Options (right to buy) F10 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3, F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,464.6506 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 549,234 shares (Direct);
Common Stock — 145,056 shares (Direct);
Common Stock — 67,686 shares (Indirect, By 401(k));
Common Stock — 16,779 shares (Indirect, By SERP);
Common Stock — 19,117 shares (Indirect, By ESOP);
Common Stock — 9,269 shares (Indirect, By SIM);
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)
Footnotes (10)
- 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. This form accounts for an increase of 2 shares from the prior report due to the rounding of fractional shares.
- F3. This form accounts for a decrease of 1 share from the prior report due to the rounding of fractional shares.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F8. 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.
- F9. 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.
- F10. 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 acquired: 63.1568 shares
Award price: $10.8400 per share
Deferral plan units after transaction: 20464.6506 shares
+5 more
8 metrics
Phantom stock acquired
63.1568 shares
Award on August 7, 2026 under stock-based deferral plan
Award price
$10.8400 per share
Price for phantom stock units on August 7, 2026
Deferral plan units after transaction
20464.6506 shares
Indirect stock-based deferral holdings following award
Direct common stock holding
145056.0000 shares
Direct ownership of Columbia Financial common stock
401(k) indirect holding
67686.0000 shares
Common stock held indirectly via 401(k)
Largest option block underlying shares
414117.0000 shares
Options exercisable at $7.1000 expiring July 23, 2029
Lowest option exercise price
7.1000
Stock options (right to buy) on common stock
Highest option exercise price
8.3100
Stock options (right to buy) on common stock
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Options (right to buy), +1 more
5 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee"
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"
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 Options (right to buy) financial
"Stock Options (right to buy) granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
performance-based vesting criteria financial
"vest upon achievement of certain specified performance-based vesting criteria, which if achieved"
FAQ
What did Columbia Financial (CLBK) executive John Klimowich acquire in this Form 4?
John Klimowich reported acquiring 63.1568 shares of Columbia Financial common stock on August 7, 2026 at $10.84 per share. The acquisition occurred through a rabbi-trust stock-based deferral plan and will be settled in shares upon future distribution.
What direct common stock holdings does John Klimowich report in CLBK?
Klimowich reports a direct holding of 145,056.0000 Columbia Financial common shares as of August 7, 2026. This is separate from additional indirect holdings through plans such as a 401(k), SERP, ESOP, and stock award programs.
What indirect Columbia Financial (CLBK) plan holdings does John Klimowich have?
Besides the deferral plan units, Klimowich reports indirect holdings of 67,686.0000 shares via a 401(k), 16,779.0000 via a SERP, 19,117.0000 via an ESOP, and additional indirect shares through Stock Award III, IV, and V arrangements.
What stock options on CLBK does John Klimowich hold and at what exercise prices?
Klimowich holds several stock option positions over Columbia Financial common stock, including options with exercise prices of $7.10, $7.25, $7.50, $7.38, and $8.31, with underlying share amounts ranging from 19,470 to 414,117 shares.
Are any of John Klimowich’s CLBK stock options already vested?
Footnotes state certain options under the 2019 Equity Incentive Plan are fully vested and exercisable, while others vest in approximately equal annual installments starting in 2025, 2026, or 2027, depending on the specific grant.
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