Holland Noel R. 4

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.