Form 4: Columbia Financial Exec Reports Equity Holdings

Allyson Katz Schlesinger, SEVP & Head of Consumer Banking at Columbia Financial, Inc., disclosed an acquisition of phantom stock and detailed her extensive equity and derivative holdings.

Summary

• Allyson Katz Schlesinger, SEVP & Head of Consumer Banking at Columbia Financial, Inc. (CLBK), reported changes in beneficial ownership.
• On October 3, 2025, Schlesinger acquired 22.4728 shares of Common Stock at a price of $14.89 per share, totaling approximately $334.86.
• This acquisition was of phantom stock, purchased on a non-discretionary basis by the trustee of the Bank's rabbi trust for the Columbia Bank Stock Based Deferral Plan.
• Following this transaction, Schlesinger indirectly beneficially owns 13,412.6474 shares through the Stock-Based Deferral Plan.
• Her total beneficial ownership includes 64,281 shares held directly, and additional indirect holdings through ESOP (6,683 shares), SERP (6,459 shares), SIM (4,683 shares), Stock Award II (14,470 shares), Stock Award III (12,672 shares), and Stock Award IV (12,288 shares).
• Schlesinger also holds various stock options: 155,294 fully vested options (exercise price $15.6, expiring 07/23/2029), 12,632 options (exercise price $15.94, vesting from 05/01/2024, expiring 05/01/2033), 9,292 options (exercise price $16.49, vesting from 03/06/2025, expiring 03/06/2034), and 21,289 options (exercise price $16.23, vesting from 03/03/2026, expiring 03/03/2035).

Sentiment

Score: 5

Explanation: This is a routine compliance filing (Form 4) disclosing an insider's equity transaction and holdings. It does not contain information that would typically indicate a strong positive or negative sentiment regarding the company's performance or outlook. The acquisition of phantom stock is a standard part of executive compensation.

Positives

• The reporting person acquired additional phantom stock, indicating continued participation in the company's equity-based compensation plans.
• Significant existing equity and derivative holdings align management interests with shareholder value.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of executive interests with shareholder value through equity ownership.
• Employees: The filing highlights the existence of various employee equity plans (ESOP, Stock-Based Deferral Plan, Stock Awards, Stock Options) which can be a positive for employee retention and motivation.

Key Dates

Keywords

Columbia Financial, CLBK, Form 4, Insider Transaction, Stock Ownership, Executive Compensation, Equity Incentive Plan, Stock Options, Phantom Stock