Prabhu Manesh Balachandran 4

What Happened

• Prabhu Manesh Balachandran, EVP & Chief Investment Officer of Columbia Financial, surrendered (disposed) 382 shares of CLBK common stock on March 6, 2026 to satisfy tax withholding obligations. The shares were valued at $18.06 each, for a total of approximately $6,899. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-03-06, 382 shares at $18.06 each (total ≈ $6,899).
• Transaction type: F — payment of exercise price or tax liability (shares surrendered/withheld to cover taxes).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes from the filing: F1 notes that shares held directly include shares that were previously held as Stock Awards and have since vested. The filing contains other footnotes about option and phantom-unit grants (F6–F12) that describe vesting and settlement terms but are not the direct cause of this particular disposition.
• Filing timeliness: Report filed 2026-03-10 for a 2026-03-06 transaction; this appears to be within the Form 4 two-business-day reporting window.

Context

• This was a routine tax-withholding surrender (common when awards vest or options are exercised) and does not necessarily indicate a directional view on the stock. For retail investors, purchases are typically more informative than tax-related surrenders; treat this as compensation-related administration rather than an independent sale.