Torres Daria Stacy-Walls 4

What Happened

• Director Daria Stacy-Walls was credited with 249.106 shares (code A — award/grant or other acquisition) on 2026-05-15 at a reported price of $19.57 per share, a notional value of about $4,875. This acquisition reflects a stock-based award rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-15 at $19.57 per share for 249.106 shares (total ≈ $4,875).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote F1: These represent 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 to the reporting person.
• Footnote F2: Awards are granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan and vest in one year on March 12, 2027.
• Filing timeliness: Form 4 was filed on 2026-05-19 for a 2026-05-15 transaction; this filing date appears timely under the standard Form 4 reporting window.

Context

• These are deferred/phantom stock units (not an immediate cash or open-market purchase). Phantom units are typically settled in shares at distribution and do not necessarily signal a near-term buy or sell decision.
• Because this is an award (not a sale), it is generally viewed as compensation rather than an investment purchase by the insider.