Klimowich John 4

What Happened

• John Klimowich, Senior Executive Vice President & Chief Risk Officer of Columbia Financial (CLBK), was the recipient of an award/acquisition: 589.148 share units acquired at $17.48 per unit, with a reported aggregate value of about $10,298. This was recorded on 2026-03-13 and reported on Form 4 filed 2026-03-17.
• This was an acquisition (award/deferral), not a sale. The transaction reflects a grant/purchase of stock units rather than an open-market purchase or sale.

Key Details

• Transaction date & price: March 13, 2026 — 589.148 units at $17.48 each (≈ $10,298 total).
• Shares owned after transaction: Not specified in the provided filing summary.
• 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 stock unit interests will be settled in shares upon distribution to the reporting person.
• Filing timeliness: Form 4 was filed on March 17, 2026. This appears to be timely (filed within the normal two-business-day reporting window).

Context

• Phantom stock / rabbi trust: This award represents deferred stock units held in a rabbi trust and is typically a compensation deferral. Units are not immediately tradable shares but will be converted to shares upon distribution, so this is not an immediate open-market investment signal.
• Interpretation: Acquisitions/awards like this reflect compensation or deferred pay and are common; they do not necessarily indicate the insider is buying shares on the open market for investment purposes.