Holland Noel R. 4
4 · Columbia Financial, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) Director Noel R. Holland Receives 9.436 Shares
What Happened
Noel R. Holland, a director of Columbia Financial, acquired 9.436 shares (reported as an award/acquisition) on March 6, 2026 at $18.06 per share, a total reported value of about $170. The transaction is coded as an acquisition/award (A) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-06; Report filed: 2026-03-10 (filed within the usual two-business-day Form 4 window).
- Shares acquired: 9.436 at $18.06 per share; total value reported ≈ $170.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote F1: These represent phantom stock units purchased on a non-discretionary basis by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; the stock unit interests will be settled in actual shares when distributed to the reporting person.
- Other footnotes in the filing (F2, F3) reference plan rules for awards and options but are not directly tied to this specific transaction.
Context
This was a small-value award/deferral into phantom stock (not an open-market buy), meaning the trustee acquired the units under a non-discretionary plan and the units will convert to shares on distribution. Such plan-driven awards are common for deferred compensation and do not necessarily signal the director’s active buying or selling decisions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06$18.06/sh+9.436$170→ 10,030.377 total(indirect: By Stock-Based Deferral Plan)
- 33,519
Common Stock
- 46,280(indirect: By IRA)
Common Stock
- 3,207(indirect: By Stock Award IV)
Common Stock
[F2] - 83,294
Stock Options (right to buy)
[F3]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (83,294 underlying)
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 11, 2026.
- [F3]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.