Klimowich John 4
4 · Columbia Financial, Inc. · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP John Klimowich Receives Stock Award
What Happened
John Klimowich, Senior Executive Vice President & Chief Risk Officer of Columbia Financial, acquired 36.887 phantom stock units on April 17, 2026, at an imputed price of $18.56 per unit for a total value of about $685. The units were purchased by the trustee of the bank’s rabbi trust as part of the Columbia Bank Stock Based Deferral Plan (see F1) and will be settled in shares upon distribution to him.
Key Details
- Transaction date & price: 2026-04-17 at $18.56 per unit (total ≈ $685).
- Transaction type: Award/other acquisition (A) — phantom stock units purchased by trustee.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 — units are phantom stock purchased on a non‑discretionary basis by the rabbi trust; settled in shares upon distribution.
- Filing timeliness: Report filed 2026-04-21 (timely — within two business days of the April 17 transaction).
Context
These are deferred compensation units (phantom stock) rather than an open‑market purchase of currently issued shares. They do not immediately convey share voting rights and are settled in shares upon distribution, so this should be viewed as compensation deferral rather than an active market buy signal. The dollar amount is small (~$685), so its material impact is minimal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-17$18.56/sh+36.887$685→ 9,042.136 total(indirect: By Stock-Based Deferral Plan)
- 61,464
Common Stock
- 17,130(indirect: By 401(k))
Common Stock
- 8,689(indirect: By ESOP)
Common Stock
- 7,627(indirect: By SERP)
Common Stock
- 4,214(indirect: By SIM)
Common Stock
- 13,781(indirect: By Stock Award II)
Common Stock
[F2] - 10,971(indirect: By Stock Award III)
Common Stock
[F3] - 11,723(indirect: By Stock Award IV)
Common Stock
[F4] - 11,906(indirect: By Stock Award V)
Common Stock
[F5] - 188,235
Stock Options (right to buy)
[F6]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (188,235 underlying) - 12,030
Stock Options (right to buy)
[F7]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (12,030 underlying) - 8,850
Stock Options (right to buy)
[F8]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,850 underlying) - 20,310
Stock Options (right to buy)
[F9]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (20,310 underlying) - 20,227
Stock Options (right to buy)
[F10]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (20,227 underlying)
Footnotes (10)
- [F1]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.
- [F10]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]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.
- [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 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.
- [F4]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.
- [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 2, 2029.
- [F6]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F7]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.
- [F8]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.
- [F9]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.