Form 4: Columbia Financial EVP & CIO Manesh Balachandran Prabhu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Manesh Balachandran Prabhu, EVP & CIO of Columbia Financial, Inc., reports changes in beneficial ownership of company stock, including acquisitions, disposals, and holdings through various stock plans and awards.
Summary
- On May 1, 2025, Manesh Balachandran Prabhu, EVP & CIO of Columbia Financial, Inc. reported changes in beneficial ownership.
- Mr. Prabhu disposed of 332 shares of common stock at a price of $14.69.
- Following the transaction, Mr. Prabhu directly owns 3,857 shares of common stock.
- Mr. Prabhu also indirectly owns shares through a Stock-Based Deferral Plan (545.5975 shares), a 401(k) (1,292 shares), an ESOP (2,150 shares), a SERP (437 shares), and various stock awards (9,690, 11,315, and 11,018 shares).
- Mr. Prabhu also holds stock options to buy 12,985 shares at $20.54, 8,459 shares at $15.94, 8,296 shares at $16.49 and 19,086 shares at $16.23.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions may have a minor impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Commencement date for vesting of stock options (right to buy) at $20.54. |
| 05/01/2024 | Commencement date for vesting of stock options (right to buy) at $15.94 and 25% of Stock Awards II. |
| 03/06/2025 | Commencement date for vesting of stock options (right to buy) at $16.49 and 25% of Stock Awards III. |
| 05/01/2025 | Date of transaction: disposal of 332 shares of common stock. |
| 03/03/2026 | Commencement date for vesting of stock options (right to buy) at $16.23. |
| 03/03/2028 | Vesting date for Stock Awards IV, contingent upon achievement of performance-based criteria. |
| 05/01/2033 | Expiration date for stock options (right to buy) at $15.94. |
| 03/06/2034 | Expiration date for stock options (right to buy) at $16.49. |
| 03/03/2035 | Expiration date for stock options (right to buy) at $16.23. |
Keywords
beneficial ownership, Form 4, stock options, stock awards, Columbia Financial, CLBK, insider trading, Manesh Balachandran Prabhu
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