Columbia Financial risk chief acquires 60 stock units
The plan's stock-unit interests are settled in shares upon distribution, following non-discretionary purchases by the trustee.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) SEVP & Chief Risk Officer John Klimowich reported acquiring 60 stock units on October 2, 2026, held indirectly through the Columbia Bank Stock Based Deferral Plan. The trustee purchased the phantom stock on a non-discretionary basis at $11.4100 per share; the plan’s stock-unit interests are settled in shares upon distribution. The reported post-transaction position through the plan was 20,788 shares.
Insider Trade Summary
Grant/Award: 60.0017 shares
Grant/Award
14 txns
Insider
Klimowich John
Role
SEVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60.0017 | $11.41 | $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 — 20,788.4141 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
Stock units acquired: 60 stock units
Price per share: $11.4100 per share
Position after transaction: 20,788 shares
3 metrics
Stock units acquired
60 stock units
October 2, 2026; held through the Stock Based Deferral Plan
Price per share
$11.4100 per share
Phantom stock purchased by the plan trustee
Position after transaction
20,788 shares
Held through the Stock Based Deferral Plan
Key Terms
phantom stock, rabbi trust, stock unit interests
3 terms
phantom stock financial
"Represents phantom stock purchased"
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
"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.
stock unit interests financial
"Stock unit interests under the Columbia Bank Stock Based Deferral Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many stock units did CLBK executive John Klimowich acquire?
John Klimowich reported acquiring 60 stock units through Columbia Bank's Stock Based Deferral Plan on October 2, 2026, at $11.4100 per share. The trustee purchased the phantom stock on a non-discretionary basis.
How does CLBK's Stock Based Deferral Plan settle phantom stock?
The plan's stock-unit interests are settled in shares upon distribution to John Klimowich. The phantom stock is purchased on a non-discretionary basis by the trustee of the Bank's rabbi trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
