Schlesinger Allyson Katz 4

What Happened

Allyson Katz Schlesinger, SEVP & Head of Consumer Banking at Columbia Financial, had performance-based restricted stock partially forfeited and partially vest on May 1, 2026. The company determined 10,852 shares were forfeited (disposed to the issuer at $0.00) and 2,171 shares vested. As part of the vesting, 1,309 vested shares were surrendered/withheld to cover tax liability at $19.25 per share, totaling $25,198. Net new shares added to her direct holdings from this vesting event: 862 shares.

Key Details

• Transactions:
  • Disposition to issuer (D): 10,852 shares @ $0.00 (forfeiture) — total $0.
  • Tax withholding/payment (F): 1,309 shares @ $19.25 — total $25,198 surrendered to cover taxes.
• Transaction date: May 1, 2026. Filing date: May 5, 2026 (appears timely).
• Net result of vesting: 2,171 shares vested; after 1,309-share tax withholding, the insider retained 862 shares from this grant.
• Relevant footnotes:
  • F1: Confirms 2023 performance-based awards were subject to vesting review; 2,171 vested and 10,852 forfeited.
  • F2: Notes some vested shares are added to directly held shares.
  • Other footnotes describe standard plan vesting schedules for future awards/options.
• Transaction codes explained briefly: D = disposition to issuer (forfeiture here), F = shares surrendered to pay tax liability.

Context

• This was not an open-market sale — the 10,852-share move was a forfeiture of unearned performance awards, not a sale that signals insider selling.
• The 1,309-share transfer was a tax withholding on vested awards (common practice), not a cashless exercise or market trade.
• No indication in the filing excerpt that this is a late report; the filing was made within a few days of the transaction date.