Klimowich John 4
4 · Columbia Financial, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP John Klimowich Receives Award
What Happened
John Klimowich, SEVP & Chief Risk Officer of Columbia Financial, received an award/acquisition of 34.983 shares at $19.57 per share on 2026-05-15, valued at approximately $685 (transaction code A). The award represents phantom stock purchased by the trustee of the bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan and will be settled in shares upon distribution (see footnote F1).
Key Details
- Transaction date: 2026-05-15; filing date: 2026-05-19 (filed one business day late relative to the 2-business-day Form 4 deadline).
- Shares acquired: 34.983 at $19.57 per share; total value ≈ $685.
- Transaction type: A = Award/Grant/Acquisition (phantom stock in a rabbi trust).
- Shares owned after transaction: Not disclosed in the Form 4.
- Relevant footnote: F1 — phantom stock purchased non-discretionarily by rabbi trust trustee; units convert to shares on distribution.
- Other footnotes (F2–F8) in the filing describe vesting schedules for other equity awards/options under the 2019 Equity Incentive Plan but are not specific to this entry.
Context
This was a compensation-related award (deferred/phantom stock), not an open-market buy or sale. Such awards reflect plan-based compensation or deferral and do not necessarily signal immediate insider sentiment about the stock. The units will be settled in actual shares only upon distribution per the plan terms.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-15$19.57/sh+34.983$685→ 9,112.684 total(indirect: By Stock-Based Deferral Plan)
- 63,662
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
- 10,971(indirect: By Stock Award III)
Common Stock
[F2] - 11,723(indirect: By Stock Award IV)
Common Stock
[F3] - 11,906(indirect: By Stock Award V)
Common Stock
[F4] - 188,235
Stock Options (right to buy)
[F5]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (188,235 underlying) - 12,030
Stock Options (right to buy)
[F5]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (12,030 underlying) - 8,850
Stock Options (right to buy)
[F6]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,850 underlying) - 20,310
Stock Options (right to buy)
[F7]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (20,310 underlying) - 20,227
Stock Options (right to buy)
[F8]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (20,227 underlying)
Footnotes (8)
- [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.
- [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 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.
- [F3]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.
- [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 2, 2029.
- [F5]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F6]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.
- [F7]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.
- [F8]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.