Klimowich John 4

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.