Klimowich John 4

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.