Columbia Financial (CLBK) SEVP John Klimowich Receives Award

What Happened
John Klimowich, Senior Executive Vice President & Chief Risk Officer of Columbia Financial, received an award/acquisition of 58.068 stock units on August 21, 2026 at an effective price of $11.79 per share, a total value of about $685. This was an award/purchase of phantom stock units (not an open-market buy or sale).

Key Details

• Transaction date: 2026-08-21; Filing date: 2026-08-25 (filed 4 days after the transaction; Form 4s are typically due within 2 business days).
• Transaction type: A = Grant/award or other acquisition (phantom stock units purchased by trustee).
• Quantity and price: 58.068 units @ $11.79 per unit; total ≈ $685.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnote: F1 — these are phantom stock units 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 to the reporting person.
• Other footnotes in the filing describe various award/option vesting schedules but do not appear to apply to this specific transaction.

Context
This was an award of deferred/phantom stock units rather than a market purchase of shares or a sale. Phantom units are a form of deferred compensation that will convert into actual shares when distributed, so this does not represent an immediate change in marketable holdings. The reported dollar value is small, so it’s likely a routine comp/deferral transaction rather than a material insider investment signal.