Columbia Financial SEVP acquires dividend shares
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reports that SEVP & Head of Consumer Banking Allyson Katz Schlesinger had exempt acquisitions of common stock on August 26, 2026. She received 128.207 shares of phantom stock dividends at $11.62 per share through a stock-based deferral plan and 44 dividend shares at $11.62 through the Savings Income Maintenance Plan, both reported as indirect ownership under Rule 16b-3 exemptions. Following these, her indirect holdings in those plans are 29,923.612 and 10,347 shares, respectively. She also reports direct ownership of 192,490 common shares and multiple indirect holdings through a 401(k), ESOP, SERP, and performance-based stock award programs, plus several stock option grants under the 2019 Equity Incentive Plan with exercise prices between $7.10 and $8.31 and expirations from 2029 to 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 172.207 shares
Net Buy
14 txns
Insider
Schlesinger Allyson Katz
Role
SEVP&Head of Consumer Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 128.207 | $11.62 | $1K |
| Grant/Award | Common Stock F2 | 44 | $11.62 | $511.28 |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Stock Options (right to buy) F9 | -- | -- | -- |
| holding | Stock Options (right to buy) F10 | -- | -- | -- |
| holding | Stock Options (right to buy) F11 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4, F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,923.612 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 10,347 shares (Indirect, By SIM);
Stock Options (right to buy) — 483,713 shares (Direct);
Common Stock — 192,490 shares (Direct);
Common Stock — 5,623 shares (Indirect, By 401(k));
Common Stock — 17,129 shares (Indirect, By ESOP);
Common Stock — 15,753 shares (Indirect, By SERP);
Common Stock — 25,343 shares (Indirect, By Stock Award III);
Common Stock — 27,033 shares (Indirect, By Stock Award IV);
Common Stock — 27,662 shares (Indirect, By Stock Award V)
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. 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. This form accounts for a decrease of 1 share from the prior report due to the rounding of fractional shares.
- F5. 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.
- 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 3, 2028.
- F7. 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.
- F8. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F9. 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.
- F10. 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.
- F11. 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: 128.207 shares
Dividend shares acquired: 44.0000 shares
Dividend acquisition price: $11.6200 per share
+5 more
8 metrics
Phantom stock dividend shares acquired
128.207 shares
Exempt acquisition on August 26, 2026 via Stock-Based Deferral Plan
Dividend shares acquired
44.0000 shares
Exempt acquisition on August 26, 2026 via Savings Income Maintenance Plan
Dividend acquisition price
$11.6200 per share
Price for both exempt acquisitions of common stock
Indirect holdings via Stock-Based Deferral Plan
29923.6120 shares
Common stock beneficially owned after transaction
Indirect holdings via SIM Plan
10347.0000 shares
Common stock beneficially owned after transaction
Direct common stock holdings
192490.0000 shares
Common stock directly owned as of August 26, 2026
Largest option grant underlying shares
341646.0000 shares
Stock options at $7.1000 exercise price expiring July 23, 2029
Highest reported option exercise price
8.3100
Stock options expiring March 2, 2036 on 47000.0000 underlying shares
Key Terms
phantom stock dividends, Rule 16b-3, Equity Incentive Plan, Stock Options (right to buy), +2 more
6 terms
phantom stock dividends financial
"Represents phantom stock dividends which are exempt under Rule 16b-3"
Rule 16b-3 regulatory
"which are exempt under Rule 16b-3 in connection with the Columbia Bank"
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
"Stock Awards 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
"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
What insider transactions did CLBK executive Allyson Katz Schlesinger report on August 26, 2026?
She reported two exempt acquisitions of Columbia Financial (CLBK) common stock: 128.207 phantom stock dividend shares and 44 dividend shares at $11.62 per share, through stock-based deferral and Savings Income Maintenance plans, increasing her indirect beneficial ownership.
What stock options in CLBK does Allyson Katz Schlesinger report holding?
She reports stock options on CLBK common stock under the 2019 Equity Incentive Plan, including grants with exercise prices of $7.10, $7.25, $7.50, $7.38, and $8.31, covering up to 341,646, 27,790, 20,442, 46,835, and 47,000 underlying shares, respectively.
Are the CLBK insider acquisitions by Allyson Katz Schlesinger made under exemptions?
Yes. The Form 4 states the phantom stock dividends and dividends are exempt acquisitions under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan and the Columbia Bank Savings Income Maintenance Plan, and reflect increases in beneficial ownership from exempt acquisitions.
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