Klimowich John 4
4 · Columbia Financial, Inc. · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) John Klimowich Receives Phantom Stock Award
What Happened
- John Klimowich, Senior Executive Vice President & Chief Risk Officer of Columbia Financial, received an award/acquisition of 32.217 phantom stock units at a reported price of $21.25 per unit, for a total value of approximately $685. This was an award/grant transaction (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-10; Filing date: 2026-07-14 (filed 4 days after the transaction).
- Price and value: 32.217 units @ $21.25 each = ~$685 total.
- Shares owned after transaction: not disclosed in the provided filing summary.
- Notable footnote: F1 — These are phantom stock units purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; units will be settled in actual shares when distributed to the reporting person.
- Other footnotes (F2–F8) in the filing describe vesting schedules for various equity awards/options under the 2019 Equity Incentive Plan but are not directly tied to this specific phantom-unit acquisition.
Context
- This transaction is a plan-based award (deferred-compensation/phantom stock) handled by a trustee, so it is typically a routine, non-discretionary compensation event rather than a voluntary insider market purchase or sale. Such awards are generally compensation-related and do not by themselves signal the insider’s trading intent. The Form 4 was filed several days after the transaction; Form 4s are normally due within two business days, so investors may note the delayed filing.
Insider Transaction Report
Form 4
Klimowich John
SEVP & Chief Risk Officer
Transactions
- Award
Common Stock
[F1]2026-07-10$21.25/sh+32.217$685→ 9,244.804 total(indirect: By Stock-Based Deferral Plan)
Holdings
- 8,689(indirect: By ESOP)
Common Stock
- 7,627(indirect: By SERP)
Common Stock
- 4,214(indirect: By SIM)
Common Stock
- 63,662
Common Stock
- 17,130(indirect: By 401(k))
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.
Signature
/s/ Thomas F. Splaine, Jr., Power of Attorney|2026-07-14