Form 4: Columbia Financial Executive Mayra Liseth Rinaldi Reports Stock Transactions
SEC Form 4 Filing
Mayra Liseth Rinaldi, EVP, Corp Governance & Culture at Columbia Financial, Inc., reports the disposition of shares to cover tax obligations and ongoing vesting of stock awards and options.
Summary
- Mayra Liseth Rinaldi, an executive at Columbia Financial, Inc. (CLBK), filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On May 1, 2024, she disposed of 317 shares of common stock at a price of $14.73 per share to cover tax obligations related to vesting stock awards.
- Following the transaction, Rinaldi directly owns 15,818 shares of common stock.
- She also indirectly owns shares through various means, 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), a spousal IRA (1,624 shares), and stock awards (9,475 shares, 7,131 shares, and 2,020 shares).
- Rinaldi also holds options to purchase 49,412 shares at $15.60 (exercisable from July 23, 2020), 7,519 shares at $15.94 (exercisable from May 1, 2024), and 4,794 shares at $16.49 (exercisable from March 6, 2025).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation packages often include stock options and awards to align management's interests with those of shareholders.
- Vesting schedules are typical for these equity grants, encouraging long-term commitment from executives.
- The details provided in this Form 4 are consistent with standard reporting requirements for insider transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions are part of Rinaldi's compensation and do not directly impact other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 07/23/2020 | Commencement date for vesting of stock options granted at $15.60. |
| 05/01/2024 | Date of transaction: Disposition of 317 shares and commencement date for vesting of stock options granted at $15.94 and stock awards. |
| 05/03/2024 | Date of Form 4 filing. |
| 03/06/2025 | Commencement date for vesting of stock options granted at $16.49 and stock awards. |
| 07/23/2029 | Expiration date for stock options granted at $15.60. |
| 05/01/2033 | Expiration date for stock options granted at $15.94. |
| 03/06/2034 | Expiration date for stock options granted at $16.49. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.