Prabhu Manesh Balachandran 4

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.