Form 4: Columbia Financial EVP & CIO Manesh Prabhu Reports Stock Transaction
SEC Form 4 Filing
Manesh Balachandran Prabhu, EVP & CIO of Columbia Financial, Inc., reports the disposition of 383 shares of common stock to cover tax obligations related to vesting stock awards.
Summary
- On March 6, 2025, Manesh Balachandran Prabhu, the EVP & CIO of Columbia Financial, Inc., disposed of 383 shares of common stock.
- The transaction was to cover tax obligations related to vesting stock awards.
- The price per share was $15.71.
- Following the transaction, Prabhu directly owns 3,220 shares of common stock.
- Prabhu also indirectly owns shares through various plans and awards, including a Stock-Based Deferral Plan (215.9824 shares), a 401(k) (1,049 shares), an ESOP (982 shares), a SERP (117 shares), and various stock awards (1,522, 10,659, 11,315, and 11,018 shares respectively).
- Prabhu also holds stock options to purchase shares of common stock at prices of $20.54, $15.94, $16.49 and $16.23.
Sentiment
Score: 5
Explanation: This is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | First vesting date for stock options with an exercise price of $20.54 |
| 05/01/2024 | First vesting date for stock options with an exercise price of $15.94 and stock awards |
| 03/06/2025 | Transaction date; First vesting date for stock options with an exercise price of $16.49 and stock awards |
| 03/03/2026 | First vesting date for stock options with an exercise price of $16.23 |
| 03/03/2028 | Vesting date for performance-based stock awards |
| 03/06/2025 | Date of report |
| 03/10/2025 | Date of signature |
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