Columbia Financial CIO adds dividend plan shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported that EVP & CIO Manesh Balachandran received a grant/award acquisition of 9.6781 shares of Common Stock on August 26, 2026, credited under a stock-based deferral plan at $11.62 per share, described as phantom stock dividends exempt under Rule 16b-3. Following this award, indirect holdings in the stock-based deferral plan total 2,258.7747 shares. The reporting officer also holds multiple stock option positions on CLBK common stock with exercise prices between $7.25 and $9.34 and expirations from 2032 to 2036, plus 16,871 phantom stock units that are economically equivalent to CLBK shares but will be settled in cash.
Insider Trade Summary
Grant/Award: 9.6781 shares
Grant/Award
14 txns
Insider
Prabhu Manesh Balachandran
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 9.6781 | $11.62 | $112.46 |
| holding | Stock Options (right to buy) F6 | -- | -- | -- |
| holding | Stock Options (right to buy) F6 | -- | -- | -- |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Stock Options (right to buy) F9 | -- | -- | -- |
| holding | Phantom Stock Unit F10, F11 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3, F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,258.7747 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 150,415 contracts (Direct);
Phantom Stock Unit — 16,871 contracts (Indirect, Deferred Stock Unit Plan);
Common Stock — 15,613 shares (Direct);
Common Stock — 15,000 shares (Indirect, By IRA);
Common Stock — 4,601 shares (Indirect, By 401(k));
Common Stock — 7,114 shares (Indirect, By ESOP);
Common Stock — 1,911 shares (Indirect, By SERP);
Common Stock — 22,628 shares (Indirect, By Stock Award III);
Common Stock — 24,239 shares (Indirect, By Stock Award IV)
Footnotes (11)
- F1. Represents phantom stock dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan.
- F2. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- F3. This form accounts for a decrease of 2 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 Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- 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.
- F9. 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.
- F10. One phantom stock unit is the economic equivalent of one share of CLBK Common Stock. Phantom stock units were granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan and will be settled in cash upon distribution.
- F11. On the settlement date, phantom stock units will be payable in cash. The cash value will be calculated, in accordance with the Columbia Financial, Inc. 2026 Phantom Stock Plan, based on the closing stock price of the Company's Common Stock on the determination date.
Key Figures
Shares acquired (phantom stock dividends): 9.6781 shares
Grant price per share: $11.62 per share
Indirect holdings in stock-based deferral plan: 2,258.7747 shares
+5 more
8 metrics
Shares acquired (phantom stock dividends)
9.6781 shares
Grant/award acquisition on August 26, 2026 under stock-based deferral plan
Grant price per share
$11.62 per share
Value used for phantom stock dividends credited on August 26, 2026
Indirect holdings in stock-based deferral plan
2,258.7747 shares
Total Common Stock credited to stock-based deferral plan after transaction
Stock options underlying shares at $9.34
28,567 shares
Options on CLBK Common Stock, exercise price $9.34, expiring October 31, 2032
Stock options underlying shares at $7.25
18,609 shares
Options on CLBK Common Stock, exercise price $7.25, expiring May 1, 2033
Phantom stock units outstanding
16,871 units
Phantom Stock Units under 2026 Phantom Stock Plan, economically equivalent to CLBK shares
Directly owned Common Stock
15,613 shares
Direct CLBK Common Stock ownership as of August 26, 2026
Indirect IRA holdings
15,000 shares
CLBK Common Stock held indirectly by IRA
Key Terms
phantom stock unit, Rule 16b-3, 2019 Equity Incentive Plan, performance-based vesting criteria, +1 more
5 terms
phantom stock unit financial
"One phantom stock unit is the economic equivalent of one share"
Rule 16b-3 regulatory
"phantom stock dividends which are exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
2019 Equity Incentive Plan financial
"Stock Options 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"
Phantom Stock Plan financial
"granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CLBK report for EVP & CIO Manesh Balachandran?
CLBK reported that EVP & CIO Manesh Balachandran acquired 9.6781 shares of Common Stock on August 26, 2026, as phantom stock dividends under a stock-based deferral plan at $11.62 per share, characterized as an exempt acquisition under Rule 16b-3.
What stock option positions on CLBK Common Stock does the reporting person hold?
The reporting person holds CLBK stock options with exercise prices of $9.34, $7.25, $7.50, $7.38, and $8.31, covering underlying share amounts of 28,567; 18,609; 18,251; 41,989; and 42,999, expiring between 2032 and 2036.
Are the CLBK stock options fully vested for the officer?
Some CLBK stock options are already fully vested and exercisable under the 2019 Equity Incentive Plan, while others vest in approximately equal annual installments beginning on March 6, 2025, March 3, 2026, and March 2, 2027, as described in the footnotes.
What are CLBK phantom stock units held by the reporting person?
The reporting person holds 16,871 phantom stock units, each economically equivalent to one share of CLBK Common Stock. These units were granted under the 2026 Phantom Stock Plan and will be settled in cash based on the closing stock price on the determination date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
