Columbia Financial risk chief acquires 64.2 plan units
The chief risk officer’s deferral-plan units are settled in shares upon distribution, while a bank rabbi-trust trustee purchases phantom stock on a non-discretionary basis.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. reported that John Klimowich, SEVP & Chief Risk Officer, acquired 64.1631 phantom-stock units through the Columbia Bank Stock Based Deferral Plan on October 16, 2026. The transaction lists $10.67 per share, and 20,852.5772 units were held through the plan afterward. The Bank’s rabbi-trust trustee purchases the phantom stock on a non-discretionary basis; plan interests are settled in shares upon distribution to Klimowich.
Insider Trade Summary
Grant/Award: 64.1631 shares
Grant/Award
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 64.1631 | $10.67 | $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 — 20,852.5772 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)
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: 64.1631 units
Reported price per share: $10.67
Units held through deferral plan after transaction: 20,852.5772 units
+5 more
8 metrics
Phantom-stock units acquired
64.1631 units
October 16, 2026; through the Columbia Bank Stock Based Deferral Plan
Reported price per share
$10.67
Transaction on October 16, 2026
Units held through deferral plan after transaction
20,852.5772 units
Reported after the October 16, 2026 transaction
Stock options; $7.10 exercise price
414,117 underlying common shares
Fully vested and exercisable; expiration July 23, 2029
Stock options; $7.25 exercise price
26,466 underlying common shares
Fully vested and exercisable; expiration May 1, 2033
Stock options; $7.50 exercise price
19,470 underlying common shares
Expiration March 6, 2034
Stock options; $7.38 exercise price
44,682 underlying common shares
Expiration March 3, 2035
Stock options; $8.31 exercise price
44,499 underlying common shares
Expiration March 2, 2036
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, performance-based vesting criteria, +1 more
5 terms
phantom stock financial
"Represents phantom stock purchased"
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
"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
"a non-qualified stock-based deferral plan"
performance-based vesting criteria financial
"achievement of certain specified performance-based vesting criteria"
fully vested and exercisable financial
"Stock Options ... are fully vested and exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock options does John Klimowich hold?
The reported options are for 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. The first two tranches are fully vested and exercisable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
