John Klimowich, Columbia Financial, Inc.'s EVP & Chief Risk Officer, recently acquired 28 shares of the company. The buys took place at $21.80 per share, on July 15, 2022. Klimowich now owns 115,099 shares of the company. Klimowich operates out of Fair Lawn, NJ. Some additional info was provided as follows:
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.
This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, 50% of which vest in five approximately equal annual installments commencing on July 23, 2020; and the remaining 50% 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.
Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five equal annual installments commencing on July 23, 2020.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Columbia Financial, Inc. makes a similar move, sign up!