Columbia Financial risk chief adds plan shares
Columbia Financial, Inc. (CLBK) reported that SEVP & Chief Risk Officer John Klimowich acquired additional indirect common stock interests on August 26, 2026 through exempt, plan-related awards.
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported that SEVP & Chief Risk Officer John Klimowich acquired additional indirect common stock interests on August 26, 2026 through exempt, plan-related awards. These included 88.059 phantom-stock dividend shares at $11.6200 per share under a stock-based deferral plan and 39.0000 shares at $11.6200 per share under a savings income maintenance plan. The filing also lists his existing direct and indirect common stock holdings across 401(k), ESOP, SERP and stock award vehicles, plus multiple stock option grants under the 2019 Equity Incentive Plan with exercise prices between $7.1000 and $8.3100 and significant remaining underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 127.059 shares
Grant/Award
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 88.059 | $11.62 | $1K |
| Grant/Award | Common Stock F2 | 39 | $11.62 | $453.18 |
| 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 F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,610.7775 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 9,309 shares (Indirect, By SIM);
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 — 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 (10)
- F1. Represents phantom stock dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan.
- F2. Represents dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Savings Income Maintenance Plan.
- F3. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- 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 dividend shares acquired: 88.0590 shares
Dividend shares acquired via SIM: 39.0000 shares
Indirect holdings by 401(k): 67975.0000 shares
+4 more
7 metrics
Phantom stock dividend shares acquired
88.0590 shares
Common Stock, indirect, By Stock-Based Deferral Plan on 2026-08-26 at $11.6200 per share
Dividend shares acquired via SIM
39.0000 shares
Common Stock, indirect, By SIM on 2026-08-26 at $11.6200 per share
Indirect holdings by 401(k)
67975.0000 shares
Common Stock, indirect ownership by 401(k) following reported transactions
Direct common stock holdings
145056.0000 shares
Common Stock held directly following reported transactions
Largest stock option grant underlying shares
414117.0000 shares
Stock Options (right to buy) at $7.1000 exercise price, expiring 2029-07-23
Stock option exercise price range
$7.1000–$8.3100 per share
Exercise prices for reported Stock Options (right to buy) under 2019 Equity Incentive Plan
Stock Award V indirect holdings
26193.0000 shares
Common Stock, indirect ownership by Stock Award V vehicle
Key Terms
phantom stock, Rule 16b-3, Equity Incentive Plan, Stock Options (right to buy), +2 more
6 terms
phantom stock financial
"Represents phantom stock dividends which are exempt under Rule 16b-3"
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.
Rule 16b-3 regulatory
"dividends which are exempt under Rule 16b-3 in connection with"
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.
Equity Incentive Plan financial
"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Stock Options (right to buy) financial
"security_title": "Stock Options (right to buy)""
ESOP financial
"Common Stock" ... "nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
SERP financial
"Common Stock" ... "nature_of_ownership": "By SERP""
A Supplemental Executive Retirement Plan (SERP) is a company-funded benefit that promises extra retirement pay to selected senior executives beyond regular pension or savings plans. Think of it as a bespoke top-up savings account the employer guarantees for key leaders; it matters to investors because SERPs create future financial obligations, influence executive retention and pay incentives, and can signal how a company prioritizes management costs versus shareholder returns.
FAQ
What did CLBK executive John Klimowich acquire in this Form 4 filing?
John Klimowich acquired 88.0590 phantom-stock dividend shares at $11.6200 per share via a stock-based deferral plan and 39.0000 shares at $11.6200 per share via a savings income maintenance plan, both reported as exempt acquisitions under Rule 16b-3.
How are John Klimowich’s new CLBK holdings structured?
The newly reported CLBK shares are held indirectly, one block of 88.0590 shares through a Stock-Based Deferral Plan and another 39.0000 shares through SIM, in each case tied to dividend-related plan credits.
What CLBK stock option positions does John Klimowich report?
He reports multiple CLBK stock options with exercise prices of $7.1000, $7.2500, $7.5000, $7.3800, and $8.3100 per share, covering underlying common stock amounts such as 414,117.0000 and 44,682.0000 shares, with expirations between 2029 and 2036.
Are the CLBK transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed (false), and the footnotes describe the acquisitions as exempt plan-related dividends under Rule 16b-3, not as trades under a pre-arranged 10b5-1 trading plan.
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