Form 4: Columbia Financial Executive Reports Changes in Beneficial Ownership
SEC Form 4
Mayra Liseth Rinaldi, EVP, Corp Governance & Culture at Columbia Financial, Inc., reports a transaction involving common stock and derivative securities.
Summary
- Mayra Liseth Rinaldi, an executive at Columbia Financial, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- The reported transactions include the disposition of 277 shares of common stock at a price of $14.69 on May 1, 2025.
- Rinaldi directly owns 18,160 shares of common stock after the reported transaction.
- She also indirectly owns shares through various accounts including a 401(k) (7,249 shares), ESOP (6,686 shares), SERP (68 shares), UTMA Custodian accounts for her daughter (200 shares) and goddaughter (40 shares), and her spouse's IRA (1,624 shares).
- Additionally, Rinaldi indirectly owns shares through Stock Award II (8,614 shares), Stock Award III (6,537 shares), and Stock Award IV (6,474 shares).
- Rinaldi also holds stock options for 49,412 shares (exercisable from July 23, 2020), 7,519 shares (exercisable from May 1, 2024), 4,794 shares (exercisable from March 6, 2025), and 11,215 shares (exercisable from March 3, 2026).
Sentiment
Score: 5
Explanation: This is a routine filing, and the information presented is factual. The sentiment is neutral as it simply reflects changes in ownership.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. These filings are closely watched by investors seeking insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions may have a minor impact on the stock price, depending on investor interpretation.
Key Dates
| Date | Description |
|---|---|
| 07/23/2020 | Date from which stock options for 49,412 shares are exercisable. |
| 05/01/2024 | Date from which stock options for 7,519 shares are exercisable and 25% of Stock Award II vests. |
| 05/01/2025 | Date of the reported transaction (disposition of 277 shares) and date from which 25% of Stock Award III vests. |
| 03/06/2025 | Date from which stock options for 4,794 shares are exercisable. |
| 03/03/2026 | Date from which stock options for 11,215 shares are exercisable. |
| 03/03/2028 | Date on which Stock Award IV would vest if performance-based criteria are achieved. |
| 07/23/2029 | Expiration date for stock options for 49,412 shares. |
| 05/01/2033 | Expiration date for stock options for 7,519 shares. |
| 03/06/2034 | Expiration date for stock options for 4,794 shares. |
| 03/03/2035 | Expiration date for stock options for 11,215 shares. |
| 05/05/2025 | Date of the report. |
Keywords
Form 4, beneficial ownership, Columbia Financial, stock options, common stock, Rinaldi, securities
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.