Klimowich John 4

What Happened

• John Klimowich, SEVP & Chief Risk Officer of Columbia Financial, acquired 34.01 shares on May 29, 2026 at a reported price of $20.13 per share, a total value of approximately $685. The transaction is reported as an award/acquisition (code A).

Key Details

• Transaction date and price: 2026-05-29, 34.01 shares at $20.13 each.
• Total reported value: ~ $685.
• Shares owned after the transaction: not specified in the filing.
• Notable footnote: F1 — these represent phantom stock units purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; unit interests will be settled in actual shares upon distribution to the reporting person.
• Timeliness: Form filed 2026-06-02 (within the two-business-day Form 4 reporting window), so the filing appears timely.

Context

• This was an award/acquisition of phantom stock (deferred stock units), not an open-market purchase or an exercise/sale. Phantom units typically convert to company shares when distributed, so they don’t necessarily represent an immediate cash outlay or sale of shares.
• The dollar amount is small (~$685), so while purchases/awards can be more informative than sales, this particular transaction is modest in size and likely part of routine compensation or deferral arrangements.