Columbia Financial (CLBK) director reports new phantom stock units and large option stake
Rhea-AI Filing Summary
Columbia Financial, Inc. director Noel R. Holland reported an acquisition of 15.7214 shares of Common Stock equivalents on August 7, 2026, as a grant/award under a stock-based deferral plan at $10.84 per share. The footnotes explain this represents phantom stock purchased on a non-discretionary basis by the trustee of a rabbi trust under the Columbia Bank Stock Based Deferral Plan, to be settled in shares upon distribution. Following this award, indirect holdings in the deferral plan total 29,690.2255 stock units. Holland also reports 80,797 directly held Common Shares, 109,316 Common Shares held indirectly via a SEP-IRA, and 6,494 Common Shares held indirectly as Stock Awards that vest on March 12, 2027. In addition, fully vested stock options remain outstanding, covering 183,246 shares of Common Stock at an exercise price of $7.10 per share, expiring July 23, 2029.
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Insider Trade Summary
Net Buyer: 15.7214 shares
Net Buy
5 txns
Insider
Holland Noel R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 15.7214 | $10.84 | $170.42 |
| holding | Stock Options (right to buy) F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,690.2255 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 183,246 shares (Direct);
Common Stock — 80,797 shares (Direct);
Common Stock — 109,316 shares (Indirect, By SEP-IRA);
Common Stock — 6,494 shares (Indirect, By Stock Award V)
Footnotes (3)
- 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 which vest in one year on March 12, 2027.
- F3. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
Key Figures
Phantom stock units granted: 15.7214 shares
Grant price: $10.8400 per share
Deferral plan units after transaction: 29690.2255 shares
+5 more
8 metrics
Phantom stock units granted
15.7214 shares
Grant/award acquisition on August 7, 2026 under stock-based deferral plan
Grant price
$10.8400 per share
Price for 15.7214 phantom stock units credited on August 7, 2026
Deferral plan units after transaction
29690.2255 shares
Indirect holdings via Columbia Bank Stock Based Deferral Plan
Direct common stock holdings
80797.0000 shares
Common Stock held directly by Noel R. Holland
Indirect SEP-IRA holdings
109316.0000 shares
Common Stock held indirectly via SEP-IRA
Stock Award V holdings
6494.0000 shares
Indirect Stock Awards vesting March 12, 2027
Option exercise price
$7.1000 per share
Fully vested stock options on Common Stock
Underlying shares for options
183246.0000 shares
Common Stock underlying options expiring July 23, 2029
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, 2019 Equity Incentive Plan, +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
"purchased, on a non-discretionary basis, by the 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
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
Stock Options (right to buy) financial
"Stock Options (right to buy) ... are fully vested and exercisable"
FAQ
What did Columbia Financial (CLBK) director Noel R. Holland report in this Form 4?
Noel R. Holland reported a grant of 15.7214 phantom stock units tied to Columbia Financial Common Stock at $10.84 per share, credited under a stock-based deferral plan and held indirectly through a rabbi trust.
What stock options on CLBK does Noel R. Holland currently have?
Holland holds fully vested stock options on 183,246 Columbia Financial Common Shares, with an exercise price of $7.10 per share and an expiration date of July 23, 2029, reported as a continuing position.
What is the nature of the 15.7214 CLBK phantom stock units reported by Holland?
The 15.7214 units are phantom stock purchased on a non-discretionary basis by the trustee of a rabbi trust under the Columbia Bank Stock Based Deferral Plan, to be settled in actual shares upon distribution.
When do Noel R. Holland’s Columbia Financial stock awards vest?
Stock Awards reported as held indirectly by Holland, labeled "Stock Award V" and totaling 6,494 shares of CLBK Common Stock, are scheduled to vest in one year on March 12, 2027 under the 2019 Equity Incentive Plan.
Was the CLBK Form 4 transaction a market purchase or sale by Noel R. Holland?
The reported transaction is classified as a grant or award acquisition of 15.7214 phantom stock units under a stock-based deferral plan, not an open-market purchase or sale of Columbia Financial shares.
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