Columbia Financial (CLBK) SEVP Lewis Oliver Edward Jr Receives Award

What Happened

• Lewis Oliver Edward Jr, SEVP & Head Commercial Banking at Columbia Financial, received two exempt stock acquisitions (awards/dividend-based) on August 26, 2026: 46.432 shares at $11.62 each (≈ $540) and 6 shares at $11.62 each (≈ $70), totaling 52.432 shares worth about $610. These were recorded as award/acquisition transactions (code A) under a company plan, not open-market purchases.

Key Details

• Transaction dates and prices:
  • 2026-08-26: 46.432 shares @ $11.62 (≈ $540) — footnote F1 (phantom stock dividends under Stock Based Deferral Plan)
  • 2026-08-26: 6 shares @ $11.62 (≈ $70) — footnote F2 (dividends under Savings Income Maintenance Plan)
• Report filed: 2026-08-28 (period of report 2026-08-26); filing appears timely (within the usual 2-business-day Form 4 window).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 and F2 indicate these are dividend/phantom-stock related and exempt under Rule 16b-3; F3 notes the form reflects increases from exempt acquisitions per Rule 16b-3(c).

Context

• These acquisitions are plan- or dividend-related awards (exempt transactions), not open-market purchases — they generally reflect compensation/dividend mechanics rather than a direct insider bet on the stock.
• Dollar value is small (~$610), so this is likely routine compensation/dividend processing rather than a meaningful insider investment signal.