Form 4: Columbia Financial Executive Mayra Liseth Rinaldi Reports Stock Transactions

Mayra Liseth Rinaldi, EVP, Corp Governance & Culture at Columbia Financial, Inc., reports the disposition of shares to cover tax obligations and details of stock options and awards.

Summary

• Mayra Liseth Rinaldi, an executive at Columbia Financial, Inc. (CLBK), filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On July 23, 2024, she disposed of 634 shares of common stock at a price of $17.71 to cover tax obligations.
• Following the transaction, Rinaldi directly owns 17,204 shares of common stock.
• She also indirectly owns shares through various accounts, including a 401(k) (7,249 shares), SERP (68 shares), ESOP (5,638 shares), UTMA accounts for her daughter (200 shares) and goddaughter (40 shares), and her spouse's IRA (1,624 shares).
• Rinaldi also holds stock awards granted under the 2019 Equity Incentive Plan, with 9,475 shares under Stock Award II and 7,131 shares under Stock Award III.
• She also holds stock options to purchase 49,412 shares at $15.60 (fully vested), 7,519 shares at $15.94 (vesting from May 1, 2024), and 4,794 shares at $16.49 (vesting from March 6, 2025).

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports routine transactions and holdings.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and ownership.

Key Dates