Columbia Financial director adds 128 phantom units
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) director Noel R. Holland reported an automatic acquisition of 127.7547 shares-equivalent of common stock on August 26, 2026, as phantom stock dividends under the Columbia Bank Stock Based Deferral Plan at a reference value of $11.62 per unit. Following this award, Holland holds 29,817.9802 indirect units in the deferral plan, 80,797 directly held common shares, 109,316 common shares indirectly through a SEP-IRA, and 6,494 common shares indirectly via Stock Award V. Holland also holds fully vested stock options covering 183,246 shares of common stock at an exercise price of $7.10 per share, expiring July 23, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 127.7547 shares
Net Buy
5 txns
Insider
Holland Noel R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 127.7547 | $11.62 | $1K |
| holding | Stock Options (right to buy) F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,817.9802 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 dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan.
- 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 dividend units acquired: 127.7547 units at $11.62 per unit
Indirect units in Stock-Based Deferral Plan: 29,817.9802 units
Directly held common stock: 80,797 shares
+4 more
7 metrics
Phantom stock dividend units acquired
127.7547 units at $11.62 per unit
Grant/award acquisition on August 26, 2026 under Stock Based Deferral Plan
Indirect units in Stock-Based Deferral Plan
29,817.9802 units
Total units following transaction on August 26, 2026
Directly held common stock
80,797 shares
Direct ownership following reported holdings update
Indirect common stock via SEP-IRA
109,316 shares
Indirect ownership through SEP-IRA following holdings update
Indirect common stock via Stock Award V
6,494 shares
Indirect ownership via Stock Award V, vesting in one year on March 12, 2027
Stock option exercise price
$7.10 per share
Options on 183,246 underlying CLBK shares, expiring July 23, 2029
Underlying shares for stock options
183,246 shares
Fully vested and exercisable options under 2019 Equity Incentive Plan
Key Terms
phantom stock dividends, Stock-Based Deferral Plan, 2019 Equity Incentive Plan, fully vested and exercisable, +1 more
5 terms
phantom stock dividends financial
"Represents phantom stock dividends which are exempt under Rule 16b-3"
Stock-Based Deferral Plan financial
"in connection with the Columbia Bank Stock Based Deferral Plan"
2019 Equity Incentive Plan financial
"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
fully vested and exercisable financial
"Stock Options ... are fully vested and exercisable"
Rule 16b-3 regulatory
"phantom stock dividends which are exempt under Rule 16b-3"
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.
FAQ
What insider transaction did CLBK director Noel R. Holland report?
Noel R. Holland reported an automatic acquisition of 127.7547 phantom stock dividend units tied to Columbia Financial, Inc. common stock on August 26, 2026, under the Columbia Bank Stock Based Deferral Plan, at a reference value of $11.62 per unit.
What stock options on CLBK does Noel R. Holland report holding?
Noel R. Holland reports fully vested stock options on 183,246 CLBK common shares with an exercise price of $7.10 per share, expiring on July 23, 2029, granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan.
Was the CLBK insider transaction a purchase or sale on the market?
The filing shows a grant/award acquisition of phantom stock dividends under a stock-based deferral plan, coded as an acquisition (A). It does not report any market purchase or sale of CLBK shares on that date.
Are Noel R. Holland’s CLBK stock options currently exercisable?
Yes. A footnote states the stock options on 183,246 CLBK underlying shares are fully vested and exercisable, with an exercise price of $7.10 per share and an expiration date of July 23, 2029.
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