Klimowich John 4

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.