Columbia Financial insider granted 59 shares
SEVP & Chief Risk Officer John Klimowich received a small stock-based deferral plan award while maintaining substantial CLBK share and option holdings.
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported that SEVP & Chief Risk Officer John Klimowich acquired 59.1208 shares of Common Stock on September 18, 2026, as a grant under the Columbia Bank Stock Based Deferral Plan at $11.58 per share, held indirectly through a stock-based deferral plan. Following this grant, he holds 20,728.4124 shares in that deferral plan and additional Common Stock through direct holdings, a 401(k), an ESOP, SERP, and several stock award vehicles. He also holds multiple stock option positions on CLBK shares with exercise prices between $7.10 and $8.31, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 59.1208 shares
Grant/Award
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 59.1208 | $11.58 | $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 — 20,728.4124 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
Shares acquired: 59.1208 shares
Grant price: $11.58 per share
Deferral plan holdings: 20,728.4124 shares
+4 more
7 metrics
Shares acquired
59.1208 shares
Grant of Common Stock on September 18, 2026 under the Columbia Bank Stock Based Deferral Plan
Grant price
$11.58 per share
Price for the 59.1208-share Common Stock grant on September 18, 2026
Deferral plan holdings
20,728.4124 shares
Common Stock held indirectly through the Columbia Bank Stock Based Deferral Plan after the grant
Direct Common Stock holdings
145,056 shares
Common Stock held directly by John Klimowich as of September 18, 2026
401(k) holdings
67,975 shares
Common Stock held indirectly by 401(k) as of September 18, 2026
Largest option position underlying shares
414,117 shares
Underlying Common Stock for stock options with a $7.10 exercise price expiring July 23, 2029
Option exercise price range
$7.10–$8.31 per share
Exercise prices of reported Columbia Financial, Inc. stock options held by Klimowich
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
"by the trustee of the Bank's rabbi trust maintained in connection"
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
"Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
Stock Options (right to buy) financial
"Stock Options (right to buy) with underlying Common Stock"
performance-based vesting criteria financial
"which vest upon achievement of certain specified performance-based vesting criteria"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CLBK insider John Klimowich report on this Form 4?
He reported a grant of 59.1208 shares of Columbia Financial, Inc. Common Stock on September 18, 2026, acquired indirectly through the Columbia Bank Stock Based Deferral Plan at $11.58 per share as part of a stock-based deferral arrangement.
Does this Form 4 show any sales of CLBK stock by John Klimowich?
No. The filing shows a grant of 59.1208 shares under a stock-based deferral plan and various existing stock and option holdings, but it does not report any sales or dispositions of Columbia Financial, Inc. Common Stock.
What stock option positions in CLBK does Klimowich report holding?
He reports several Columbia Financial, Inc. stock option positions, including options with exercise prices of $7.10, $7.25, $7.50, $7.38, and $8.31 per share, each covering underlying Common Stock and expiring between July 23, 2029 and March 2, 2036.
Were the CLBK transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the reported grant or holdings were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
