Holland Noel R. 4

What Happened Noel R. Holland, a director of Columbia Financial, Inc. (CLBK), was credited with 14.382 phantom stock units on June 26, 2026. The units are valued at $20.86 each, for a total reported value of $300. This transaction is an acquisition/award (not an open-market purchase or sale) and represents deferred compensation rather than an immediate share purchase.

Key Details

• Transaction date: 2026-06-26; price per unit: $20.86; total value: $300.
• Transaction type: Award/Acquisition of phantom stock units under a stock-based deferral arrangement (code A).
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filed 2026-06-30 — within the typical 2-business-day Form 4 filing window for a June 26 transaction.
• Relevant footnote (F1): These are 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 units will be settled in shares when distributed to the reporting person.
• Other footnotes in the filing (F2, F3) describe vesting schedules for certain stock awards and the status of options, but they do not change the nature of this specific phantom-unit award.

Context Phantom stock units are a form of deferred compensation that will be converted into actual shares upon distribution; they are not an immediate open-market investment and therefore are less directly indicative of short-term insider buying interest. The reported dollar amount here is small ($300), consistent with routine director deferrals or small plan purchases rather than a material personal investment.