Columbia Financial (CLBK) SEVP John Klimowich Receives 58.515 Shares

What Happened John Klimowich, Senior EVP & Chief Risk Officer of Columbia Financial, was credited with 58.515 shares (phantom stock units) on 2026-09-04 at a reported per-share value of $11.70, for a total reported value of $685. This transaction is an award/acquisition (not a sale) and represents a small in-kind equity credit rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-09.
• Transaction type/code: A (Grant, award or other acquisition).
• Quantity and price: 58.515 shares @ $11.70 each; total value $685.
• Shares owned after transaction: Not specified in the provided summary.
• Important 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 in the filing (F2–F8) describe separate stock awards/options and vesting schedules under the 2019 Equity Incentive Plan but do not change the nature of this specific award.

Context Phantom stock units reflect a deferred, bookkeeping credit that will convert into actual shares upon distribution; they are commonly used for deferred compensation and do not involve an immediate cash purchase or sale in the open market. Because this is an award/acquisition, it indicates an insider received equity-linked compensation rather than selling holdings.