Klimowich John 4

What Happened

• John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial, received an award of 39.78 stock units (phantom shares) on March 20, 2026. The units were valued at $17.21 each for a total reported value of $685. This was an award/acquisition (A), not an open-market buy or sale.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely filing).
• Price / value: 39.78 units × $17.21 = $685 (reported).
• Type: Award / phantom stock purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan (non-discretionary purchase).
• Shares owned after transaction: Not specified in the provided filing summary.
• Notable footnotes: F1 — These are phantom stock units held in a rabbi trust and will be settled in actual shares upon distribution; F2 — the form reflects an exempt acquisition under Rule 16b-3(c).

Context

• This award is a deferred compensation grant (phantom stock) rather than an immediate open-market purchase; units will convert to shares when distributed, so it does not represent an immediate increase in tradable stock on the market.
• Such awards are common for executives and are not direct indicators of short-term trading intent. The filing appears timely and follows standard equity-award procedures.