Gibney Dennis E. 4

What Happened
Dennis E. Gibney, 1st Senior EVP and Chief Banking Officer of Columbia Financial (CLBK), had 11,512 performance-based restricted shares forfeited back to the company on May 1, 2026. The disposition to the issuer is recorded at $0.00 per share (total proceeds $0). Per the filing, 2,302 of the performance-based shares did vest and were retained.

Key Details

• Transaction date: 2026-05-01 (reported on Form 4 filed 2026-05-05). Filing appears timely under the two-business-day rule.
• Transaction type/code: Disposition to issuer (D) — forfeiture of 11,512 shares at $0.00.
• Proceeds: $0 (forfeiture, not a market sale).
• Vested portion: 2,302 shares vested from the award granted May 1, 2023; 11,512 shares forfeited per footnote F1.
• Shares owned after transaction: Not specified in the information provided.
• Related notes: Footnote F1 explains the forfeiture resulted from unmet performance objectives for awards granted May 1, 2023. Other footnotes describe general vesting schedules for stock awards and options under the company’s equity plan but do not affect this forfeiture.

Context
This was an administrative forfeiture of unearned, performance-based restricted stock—different from an open-market sale or purchase. Forfeitures generally reflect that award performance targets were not met and do not represent an insider cash transaction or trading signal.