Klimowich John 4

What Happened John Klimowich, SEVP and Chief Risk Officer of Columbia Financial, received an award/acquisition of 37.127 shares at $18.44 each (total value ≈ $685) reported on a Form 4 covering the Feb 20, 2026 transaction. The entry is coded as an acquisition/award (A) rather than an open-market purchase or sale.

Key Details

• Transaction date: February 20, 2026; filing date: February 24, 2026 (filed within required reporting window).
• Shares/amount: 37.127 units at $18.44 per share; total value reported ≈ $685.
• Shares owned after transaction: not specified in the Form 4 disclosure.
• Footnote F1 (relevant): 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 shares upon distribution to the reporting person.
• Other footnotes in the filing (F2–F8) describe vesting schedules for various stock awards and options under the 2019 Equity Incentive Plan but are not directly tied to this specific phantom-stock purchase.
• Transaction code: A (award/acquisition).

Context This was a small, routine award delivered through a deferral plan (phantom stock in a rabbi trust), not an open-market buy or sell. Such non-discretionary deferrals are administrative/remuneration events and do not necessarily indicate a change in the insider’s view of the company.