Columbia Financial (CLBK) SEVP John Klimowich Receives Stock Award

What Happened
John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial (CLBK), was credited with 38.57 shares (phantom stock units) on April 6, 2026. The units are reported at $17.75 per share for a total reported value of about $685. This was an award/acquisition recorded under the company’s stock-based deferral arrangement rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-06; Form 4 filed 2026-04-07 (appears timely).
• Transaction type/code: Award / Acquisition (A).
• Quantity & price: 38.57 units at $17.75 each; total ≈ $685.
• Shares owned after transaction: Not specified in the provided excerpt.
• 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; units will be settled in shares upon distribution.
• No indication this was an exercise, open‑market buy/sell, or tax withholding event.

Context
Phantom stock in a rabbi trust is a form of deferred compensation that will convert to actual shares when distributed; it is typically routine plan administration rather than an active market signal. The dollar value here is modest (~$685), so this transaction is mainly an administrative award under the company’s deferral plan, not a direct expression of an insider buying or selling stock on the open market.