Klimowich John 4
4 · Columbia Financial, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP John Klimowich Receives Stock Award
What Happened
- John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial, received an award of 39.78 stock units (phantom shares) on March 20, 2026. The units were valued at $17.21 each for a total reported value of $685. This was an award/acquisition (A), not an open-market buy or sale.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely filing).
- Price / value: 39.78 units × $17.21 = $685 (reported).
- Type: Award / phantom stock purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan (non-discretionary purchase).
- Shares owned after transaction: Not specified in the provided filing summary.
- Notable footnotes: F1 — These are phantom stock units held in a rabbi trust and will be settled in actual shares upon distribution; F2 — the form reflects an exempt acquisition under Rule 16b-3(c).
Context
- This award is a deferred compensation grant (phantom stock) rather than an immediate open-market purchase; units will convert to shares when distributed, so it does not represent an immediate increase in tradable stock on the market.
- Such awards are common for executives and are not direct indicators of short-term trading intent. The filing appears timely and follows standard equity-award procedures.
Insider Transaction Report
Form 4
Klimowich John
SEVP & Chief Risk Officer
Transactions
- Award
Common Stock
[F1]2026-03-20$17.21/sh+39.78$685→ 8,966.679 total(indirect: By Stock-Based Deferral Plan)
Holdings
- 61,464
Common Stock
- 17,130(indirect: By 401(k))
Common Stock
- 8,689(indirect: By ESOP)
Common Stock
[F2] - 7,627(indirect: By SERP)
Common Stock
[F2] - 4,214(indirect: By SIM)
Common Stock
- 13,781(indirect: By Stock Award II)
Common Stock
[F3] - 10,971(indirect: By Stock Award III)
Common Stock
[F4] - 11,723(indirect: By Stock Award IV)
Common Stock
[F5] - 11,906(indirect: By Stock Award V)
Common Stock
[F6] - 188,235
Stock Options (right to buy)
[F7]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (188,235 underlying) - 12,030
Stock Options (right to buy)
[F8]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (12,030 underlying) - 8,850
Stock Options (right to buy)
[F9]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,850 underlying) - 20,310
Stock Options (right to buy)
[F10]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (20,310 underlying) - 20,227
Stock Options (right to buy)
[F11]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (20,227 underlying)
Footnotes (11)
- [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.
- [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.
- [F2]This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- [F3]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 May 1, 2024; 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.
- [F4]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.
- [F5]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.
- [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 2, 2029.
- [F7]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F8]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.
- [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.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-03-24