Form 4: Columbia Financial, Inc. Executive John Klimowich Reports Changes in Beneficial Ownership
SEC Form 4
John Klimowich, SEVP & Chief Risk Officer of Columbia Financial, Inc., reports a transaction involving common stock due to tax withholding upon vesting of stock awards.
Summary
- On July 23, 2024, John Klimowich, SEVP & Chief Risk Officer of Columbia Financial, Inc. (CLBK), reported a transaction involving common stock.
- The transaction involved the disposition of 2,635 shares of common stock at a price of $17.71 per share due to the satisfaction of a tax obligation.
- Following the transaction, Klimowich directly owns 59,169 shares of common stock.
- Klimowich also indirectly owns shares through various plans, including a Stock-Based Deferral Plan (6,196.3437 shares), a 401(k) (17,130 shares), an ESOP (6,451 shares), a SERP (6,602 shares), a SIM (4,214 shares), Stock Award II (15,159 shares), and Stock Award III (13,165 shares).
- Klimowich also holds stock options to purchase 188,235 shares at $15.60 (fully vested), 12,030 shares at $15.94 (vesting starts May 1, 2024), and 8,850 shares at $16.49 (vesting starts March 6, 2025).
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 07/23/2020 | Date from which stock options at $15.60 are exercisable. |
| 05/01/2024 | Commencement date for vesting of stock options at $15.94 and stock awards. |
| 07/23/2024 | Date of transaction: disposition of shares for tax purposes. |
| 07/23/2029 | Expiration date for stock options at $15.60. |
| 03/06/2025 | Commencement date for vesting of stock options at $16.49 and stock awards. |
| 05/01/2033 | Expiration date for stock options at $15.94. |
| 03/06/2034 | Expiration date for stock options at $16.49. |
| 07/25/2024 | Date of signature for the report. |
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