Klimowich John 4
4 · Columbia Financial, Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP John Klimowich Receives Award
What Happened John Klimowich, Senior Executive Vice President & Chief Risk Officer of Columbia Financial, was credited with 32.82 shares (phantom stock units) on June 26, 2026. The units were valued at $20.86 each for a total value of approximately $685. This transaction is an award/acquisition (A) rather than a sale.
Key Details
- Transaction date and price: 2026-06-26; 32.82 units at $20.86 each (total ≈ $685).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: The units represent phantom stock purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; units will be settled in shares upon distribution (see footnote F1).
- Filing date vs. transaction date: Form filed on 2026-06-30 for the 2026-06-26 transaction — this is several days after the trade date and may fall outside the standard two-business-day Form 4 reporting window.
Context Phantom stock units are deferred share equivalents held in a rabbi trust and are typically converted into actual shares when distributed; they’re a form of non-qualified deferred compensation rather than an immediate open-market purchase. Because this is an award/acquisition, it’s a purchase-type insider action (investors often view purchases as more informative than routine sales), but it reflects compensation/deferral mechanics rather than an open-market investment decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-26$20.86/sh+32.82$685→ 9,212.587 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.