Prabhu Manesh Balachandran 4
4 · Columbia Financial, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) EVP/CIO Prabhu Balachandran Receives Award
What Happened Prabhu Manesh Balachandran, EVP and Chief Investment Officer of Columbia Financial, received a grant (award/acquisition) of 476.719 units at $17.48 per unit on March 13, 2026, with a reported aggregate value of $8,333. This was an award-style acquisition (not an open-market purchase or sale).
Key Details
- Transaction date and price: 2026-03-13 at $17.48 per unit; total value $8,333.
- Transaction type: Award/Grant (Form 4 code A).
- Shares owned after transaction: Not specified in the provided filing data.
- Notable footnotes: F1 indicates these are phantom stock units purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; stock unit interests under that plan will be settled in shares upon distribution. F2 notes the increase in beneficial ownership resulted from an exempt acquisition under Rule 16b-3(c).
- Filing: Report filed 2026-03-17 covering the 2026-03-13 transaction; no late-filing flag provided in the supplied data.
Context This award appears to be a deferred-compensation grant (phantom stock units held in a rabbi trust) rather than an immediate market purchase of open-market shares. Such grants align executive compensation with company equity but do not by themselves indicate current buying or selling in the market.
Insider Transaction Report
Form 4
Prabhu Manesh Balachandran
EVP & CIO
Transactions
- Award
Common Stock
[F1]2026-03-13$17.48/sh+476.719$8,333→ 1,022.317 total(indirect: By Stock-Based Deferral Plan)
Holdings
- 5,504
Common Stock
- 1,914(indirect: By 401(k))
Common Stock
[F2] - 2,150(indirect: By ESOP)
Common Stock
- 437(indirect: By SERP)
Common Stock
- 9,690(indirect: By Stock Award II)
Common Stock
[F3] - 10,286(indirect: By Stock Award III)
Common Stock
[F4] - 11,018(indirect: By Stock Award IV)
Common Stock
[F5] - 12,985
Stock Options (right to buy)
[F6]Exercise: $20.54From: 2023-10-31Exp: 2032-10-31→ Common Stock (12,985 underlying) - 8,459
Stock Options (right to buy)
[F7]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (8,459 underlying) - 8,296
Stock Options (right to buy)
[F8]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,296 underlying) - 19,086
Stock Options (right to buy)
[F9]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (19,086 underlying) - 19,545
Stock Options (right to buy)
[F10]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (19,545 underlying) - 7,669(indirect: Deferred Stock Unit Plan)
Phantom Stock Unit
[F11][F12]→ Common Stock (7,669 underlying)
Footnotes (12)
- [F1]Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person.
- [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.
- [F11]One phantom stock unit is the economic equivalent of one share of CLBK Common Stock. Phantom stock units were granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan and will be settled in cash upon distribution.
- [F12]On the settlement date, phantom stock units will be payable in cash. The cash value will be calculated, in accordance with the Columbia Financial, Inc. 2026 Phantom Stock Plan, based on the closing stock price of the Company's Common Stock on the determination date.
- [F2]This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- [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 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.
- [F4]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.
- [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 3, 2028.
- [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.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-03-17