Klimowich John 4

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.