Form 4: Columbia Financial Executive Lewis Oliver Edward Jr. Reports Stock Transactions
SEC Form 4
Oliver Edward Lewis Jr., SEVP & Head of Commercial Banking at Columbia Financial, Inc., reports the disposition of shares to cover tax obligations and details holdings including stock options and awards.
Summary
- On May 1, 2025, Oliver Edward Lewis Jr., SEVP & Head of Commercial Banking at Columbia Financial, Inc. [CLBK], disposed of 455 shares of common stock at a price of $14.69.
- Following the transaction, Lewis directly owns 26,672 shares of common stock.
- Lewis also indirectly owns shares through various plans including a Stock-Based Deferral Plan (4,904.8538 shares), ESOP (6,521 shares), SERP (2,919 shares), SIM (681 shares), Stock Award III (13,265 shares), Stock Award IV (11,616 shares), and Stock Award V (11,300 shares).
- Lewis also holds stock options for various amounts of common stock at strike prices of $17, $17.86, $15.94, $16.49 and $16.23.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Stakeholder Impact
- Shareholders can use this information to understand insider sentiment and potential future stock activity.
- The filing ensures transparency, which can build trust with investors.
Key Dates
| Date | Description |
|---|---|
| 07/23/2020 | Date of grant for stock options exercisable at $17. |
| 03/22/2022 | Date of grant for stock options exercisable at $17.86. |
| 05/01/2024 | Commencement of vesting for some stock awards and stock options exercisable at $15.94. |
| 03/06/2025 | Commencement of vesting for some stock awards and stock options exercisable at $16.49. |
| 05/01/2025 | Date of transaction: Disposition of 455 shares of common stock. |
| 03/03/2026 | Commencement of vesting for some stock options exercisable at $16.23. |
| 03/03/2028 | Vesting date for Stock Award V if performance criteria are met. |
| 07/23/2029 | Expiration date for stock options exercisable at $17. |
| 03/22/2031 | Expiration date for stock options exercisable at $17.86. |
| 05/01/2033 | Expiration date for stock options exercisable at $15.94. |
| 03/06/2034 | Expiration date for stock options exercisable at $16.49. |
| 03/03/2035 | Expiration date for stock options exercisable at $16.23. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Stock Awards, Columbia Financial, CLBK, Insider Trading
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