Klimowich John 4

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.