Columbia Financial risk chief granted stock units
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported that SEVP & Chief Risk Officer John Klimowich received an award of 58.0679 shares of Common Stock on August 21, 2026 at $11.79 per share, credited as phantom stock in a stock-based deferral plan and reported as indirect ownership. Following this grant, his balance in the Stock-Based Deferral Plan is 20,522.7185 shares. He also reports direct holdings of 145,056 Common shares, additional indirect holdings through retirement and award plans, and multiple outstanding stock option positions with exercise prices between $7.10 and $8.31 per share.
Insider Trade Summary
Grant/Award: 58.0679 shares
Grant/Award
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 58.0679 | $11.79 | $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 — 20,522.7185 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 549,234 contracts (Direct);
Common Stock — 145,056 shares (Direct);
Common Stock — 67,686 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 (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 awarded: 58.0679 shares
Award value per share: $11.79 per share
Stock-Based Deferral Plan balance: 20,522.7185 shares
+4 more
7 metrics
Phantom stock units awarded
58.0679 shares
Grant/award of Common Stock on August 21, 2026 under stock-based deferral plan
Award value per share
$11.79 per share
Value used for phantom stock purchase in Columbia Bank Stock Based Deferral Plan
Stock-Based Deferral Plan balance
20,522.7185 shares
Indirect holdings "By Stock-Based Deferral Plan" following the transaction
Direct Common Stock holdings
145,056.0000 shares
Total Common Stock directly owned after reported transactions
Stock option exercise price
$7.10
Exercise price for options on 414,117 underlying shares expiring July 23, 2029
Largest option position underlying shares
414,117.0000 shares
Underlying Common Stock for options with $7.10 exercise price
Additional option exercise prices
$7.25; $7.50; $7.38; $8.31
Exercise prices for other reported stock option grants on Common Stock
Key Terms
phantom stock, non-qualified stock-based deferral plan, rabbi trust, Equity Incentive Plan, +2 more
6 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.
non-qualified stock-based deferral plan financial
"a non-qualified stock-based deferral plan. Stock unit interests under the"
rabbi trust financial
"by the trustee of the Bank's rabbi trust maintained in connection with"
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.
Equity Incentive Plan financial
"Stock Options 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.
ESOP financial
"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
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CLBK executive John Klimowich report in this Form 4?
He reported an award of 58.0679 Common Stock units of Columbia Financial, Inc. on August 21, 2026, credited as phantom stock in a stock-based deferral plan at an effective value of $11.79 per share, increasing his indirect holdings in that plan.
What are John Klimowich’s indirect stock-based deferral holdings in CLBK after the transaction?
After the reported award, John Klimowich holds 20,522.7185 shares of Columbia Financial, Inc. as phantom stock interests in the Columbia Bank Stock Based Deferral Plan, which will be settled in shares of stock upon distribution to him.
What are the key stock option positions reported by John Klimowich in CLBK?
He reports multiple stock options (right to buy) on CLBK Common Stock, including options with exercise prices of $7.10, $7.25, $7.50, $7.38, and $8.31 per share, with expiration dates ranging from July 23, 2029 to March 2, 2036.
How are the new CLBK phantom stock units for John Klimowich structured?
The 58.0679 phantom stock units were purchased on a non-discretionary basis by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan. These stock unit interests will be settled in shares of stock upon distribution to him.
AI-generated analysis. How Rhea-AI works. Not financial advice.
