Klimowich John 4

What Happened
John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial (CLBK), was reported on Form 4 to have acquired 43.031 shares (phantom stock units) on 2026-01-23 at an implied price of $15.91 per share, a total value of approximately $685. This was an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-23; Form 4 filed 2026-01-27 (no late filing indicated).
• Price: $15.91 per share; total value ≈ $685.
• Shares acquired: 43.031 phantom stock units.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote of note (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; units will be settled in actual shares upon distribution.

Context

• This is an award/acquisition of deferred/phantom stock units (not a market buy), so it reflects compensation/deferral mechanics rather than a direct trading signal.
• Phantom units convert to actual shares when distributed, which can result in future share issuance/dilution when settled.
• No options were exercised or shares sold in this transaction.