Lewis Oliver Edward Jr 4
4 · Columbia Financial, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) SEVP Lewis Oliver Edward Jr Sells 392 Shares
What Happened
Lewis Oliver Edward Jr, Senior Executive Vice President & Head of Commercial Banking at Columbia Financial (CLBK), had 392 shares disposed on March 6, 2026 to satisfy a tax obligation related to equity compensation. The shares were recorded at $18.06 each for total value of approximately $7,080. The transaction is reported as code "F" (payment of exercise price or tax liability), meaning shares were surrendered/ sold to cover taxes rather than an open-market sell motivated by portfolio rebalancing.
Key Details
- Transaction date and price: 2026-03-06 — 392 shares disposed at $18.06 each (total ~$7,080).
- Transaction type: Code F — payment of exercise price or tax withholding (sell-to-cover).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing date/timeliness: Form 4 filed 2026-03-10; this is within the standard two-business-day reporting window for Form 4s and appears timely.
- Relevant footnotes: F1 notes that shares held directly include certain shares that previously were held as stock awards and have since vested. The other listed footnotes (F2–F10) describe vesting schedules for various stock awards and options under the company’s 2019 Equity Incentive Plan.
Context
This was a tax-withholding disposition tied to equity compensation (a routine administrative transaction) rather than an open-market sale signaling a change in sentiment. For retail investors, purchases are generally more informative than such withholding disposals; this filing simply documents the mechanics of covering tax liabilities from vested awards/options.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-06$18.06/sh−392$7,080→ 27,336 total
- 4,904.854(indirect: By Stock-Based Deferral Plan)
Common Stock
- 6,521(indirect: By ESOP)
Common Stock
- 2,919(indirect: By SERP)
Common Stock
- 681(indirect: By SIM)
Common Stock
- 13,265(indirect: By Stock Award III)
Common Stock
[F2] - 10,560(indirect: By Stock Award IV)
Common Stock
[F3] - 11,300(indirect: By Stock Award V)
Common Stock
[F4] - 11,772(indirect: Stock Award VI)
Common Stock
[F5] - 17,647
Stock Options (right to buy)
[F6]Exercise: $17.00From: 2020-07-23Exp: 2029-07-23→ Common Stock (17,647 underlying) - 57,026
Stock Options (right to buy)
[F6]Exercise: $17.86From: 2022-03-22Exp: 2031-03-22→ Common Stock (57,026 underlying) - 11,579
Stock Options (right to buy)
[F7]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (11,579 underlying) - 8,518
Stock Options (right to buy)
[F8]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,518 underlying) - 19,576
Stock Options (right to buy)
[F9]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (19,576 underlying) - 20,000
Stock Options (right to buy)
[F10]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (20,000 underlying)
Footnotes (10)
- [F1]The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- [F10]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
- [F2]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on May 1, 2024; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
- [F3]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on March 6, 2025; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
- [F4]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award on March 3, 2028.
- [F5]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award on March 2, 2029.
- [F6]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F7]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.
- [F8]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 6, 2025.
- [F9]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 3, 2026.