Klimowich John 4
4 · Columbia Financial, Inc./MD/ · Filed Jul 28, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP John Klimowich Receives Award
What Happened
John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial (CLBK), was credited with 62.925 shares (phantom stock units) at a price of $10.88 per share on July 24, 2026, representing a total value of $685. This transaction is recorded as an acquisition/award (code A) rather than an open-market purchase.
Key Details
- Transaction date: 2026-07-24; Filing date: 2026-07-28 (filed within the typical two-business-day window).
- Amount: 62.925 units at $10.88 each; total value ≈ $685.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 — These are phantom stock units purchased by the trustee of a rabbi trust under the Columbia Bank Stock Based Deferral Plan (a non‑qualified stock‑based deferral plan). Units will be settled in shares upon distribution to the reporting person.
- Transaction code: A (award/acquisition).
Context
This was an award/deferral credit (phantom stock units) rather than a market purchase or sale; such deferred awards are common compensation/retention mechanisms and will convert to actual shares when distributed per the plan. The dollar value is modest ($685), so the transaction is primarily administrative/compensation-related rather than a significant personal investment signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-07-24$10.88/sh+62.925$685→ 20,401.925 total(indirect: By Stock-Based Deferral Plan)
- 145,056
Common Stock
- 67,686(indirect: By 401(k))
Common Stock
- 16,779(indirect: By SERP)
Common Stock
- 19,115(indirect: By ESOP)
Common Stock
- 9,270(indirect: By SIM)
Common Stock
- 24,136(indirect: By Stock Award III)
Common Stock
[F2] - 25,790(indirect: By Stock Award IV)
Common Stock
[F3] - 26,193(indirect: By Stock Award V)
Common Stock
[F4] - 414,117
Stock Options (right to buy)
[F5]Exercise: $7.10From: 2020-07-23Exp: 2029-07-23→ Common Stock (414,117 underlying) - 26,466
Stock Options (right to buy)
[F5]Exercise: $7.25From: 2024-05-01Exp: 2033-05-01→ Common Stock (26,466 underlying) - 19,470
Stock Options (right to buy)
[F6]Exercise: $7.50From: 2025-03-06Exp: 2034-03-06→ Common Stock (19,470 underlying) - 44,682
Stock Options (right to buy)
[F7]Exercise: $7.38From: 2026-03-03Exp: 2035-03-03→ Common Stock (44,682 underlying) - 44,499
Stock Options (right to buy)
[F8]Exercise: $8.31From: 2027-03-02Exp: 2036-03-02→ Common Stock (44,499 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.