Form 4: Columbia Financial EVP & CIO Manesh Balachandran Prabhu Reports Stock Transactions
SEC Form 4 Filing
Manesh Balachandran Prabhu, EVP & CIO of Columbia Financial, Inc., reports the acquisition and disposal of common stock and stock options.
Summary
- On May 1, 2024, Manesh Balachandran Prabhu, EVP & CIO of Columbia Financial, Inc., reported transactions involving Columbia Financial's common stock and stock options.
- The transactions included the disposal of 332 shares of common stock at a price of $14.73.
- Prabhu also reported holdings in common stock through various plans, including a Stock-Based Deferral Plan (215.9824 shares), a 401(k) (690 shares), an ESOP (982 shares), a SERP (117 shares), Stock Awards (3,043 shares), Stock Award II (10,659 shares), and Stock Award III (12,343 shares).
- Additionally, Prabhu reported holdings of stock options with exercise prices of $20.54, $15.94, and $16.49, exercisable at various dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Commencement of vesting for stock options (exercise price $20.54) and stock awards granted under the 2019 Equity Incentive Plan. |
| 05/01/2024 | Transaction date for the disposal of 332 shares of common stock and commencement of vesting for stock options (exercise price $15.94) and stock awards granted under the 2019 Equity Incentive Plan. |
| 03/06/2025 | Commencement of vesting for stock options (exercise price $16.49) and stock awards granted under the 2019 Equity Incentive Plan. |
| 10/31/2032 | Expiration date for stock options with an exercise price of $20.54. |
| 05/01/2033 | Expiration date for stock options with an exercise price of $15.94. |
| 03/06/2034 | Expiration date for stock options with an exercise price of $16.49. |
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