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 59.121 shares at $11.58 each (total reported value $685) on 2026-09-18. The transaction is recorded as an acquisition (code A) and represents phantom/stock unit interests rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-22 (timely within required reporting window).
• Shares/units acquired: 59.121; price per share: $11.58; total value reported: $685.
• Shares owned after transaction: Not specified in the filing.
• 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 shares upon distribution.
• Transaction type: Award/acquisition under a non-qualified deferred compensation plan (routine compensation/deferral, not an immediate market purchase or sale).

Context
This is a small, routine deferred-compensation acquisition (phantom stock units) and should be read as a plan-driven award rather than a direct bullish market signal. For derivative or option transactions, filings typically note immediate sale or cashless exercise; here, the units will convert to shares only upon distribution per the plan terms.