Klimowich John 4
4 · Columbia Financial, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP John Klimowich Receives Award; Shares Withheld
What Happened
- John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial (CLBK), received a stock award on March 6, 2026 (transaction code A) of 37.908 shares valued at $18.06 each (total ~$685). On the same date, 402 shares were disposed/withheld to cover tax liabilities (transaction code F) at $18.06 per share (total $7,260).
- This was not an open-market sale or purchase by the insider; the F-code disposition reflects tax withholding tied to an award or vesting event rather than a market sale.
Key Details
- Transaction date: March 6, 2026; Filing date: March 10, 2026 (no late-filing flag shown in the provided data).
- Prices: $18.06 per share for both the award and the shares withheld.
- Amounts: 37.908 shares acquired (A) — $685; 402 shares withheld/disposed (F) — $7,260.
- Shares owned after transaction: not specified in the supplied summary (see full Form 4 for holdings).
- Footnotes: filing indicates these shares relate to stock awards/deferral plans and staged/performance-based vesting under the Columbia Financial 2019 Equity Incentive Plan (see footnotes F1 and F3–F11 in the filing for vesting and plan details).
- Transaction codes explained: A = award/grant (acquisition); F = payment of exercise price or tax liability (here, shares withheld to cover taxes).
Context
- This appears to be a routine vesting/award transaction with shares withheld to satisfy tax obligations (common practice). It does not indicate an open-market sale by the insider and should be interpreted as compensation-related rather than a directional investment bet.
Insider Transaction Report
Form 4
Klimowich John
SEVP & Chief Risk Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-06$18.06/sh−402$7,260→ 61,464 total - Award
Common Stock
[F2]2026-03-06$18.06/sh+37.908$685→ 8,337.751 total(indirect: By Stock-Based Deferral Plan)
Holdings
- 17,130(indirect: By 401(k))
Common Stock
- 7,620(indirect: By ESOP)
Common Stock
- 7,051(indirect: By SERP)
Common Stock
- 4,214(indirect: By SIM)
Common Stock
- 13,781(indirect: By Stock Award II)
Common Stock
[F3] - 10,971(indirect: By Stock Award III)
Common Stock
[F4] - 11,723(indirect: By Stock Award IV)
Common Stock
[F5] - 11,906(indirect: By Stock Award V)
Common Stock
[F6] - 188,235
Stock Options (right to buy)
[F7]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (188,235 underlying) - 12,030
Stock Options (right to buy)
[F8]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (12,030 underlying) - 8,850
Stock Options (right to buy)
[F9]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,850 underlying) - 20,310
Stock Options (right to buy)
[F10]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (20,310 underlying) - 20,227
Stock Options (right to buy)
[F11]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (20,227 underlying)
Footnotes (11)
- [F1]The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- [F10]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 3, 2026.
- [F11]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
- [F2]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.
- [F3]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on May 1, 2024; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
- [F4]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on March 6, 2025; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
- [F5]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award on March 3, 2028.
- [F6]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award on March 2, 2029.
- [F7]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F8]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.
- [F9]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 6, 2025.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-03-10