William Justin Jennings - Mar 21, 2024 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP, Operations Officer
Signature: /s/ Dennis E. Gibney, Power of Attorney
Stock symbol: CLBK
Transactions as of: Mar 21, 2024
Transactions value $: -$36,702
Form type: 4
Date filed: 3/25/2024, 04:36 PM
Previous filing: Mar 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Tax liability	-$36.7K	-2.2K	-23.37%	$16.66	7.22K	Mar 21, 2024	Direct	F1
holding	CLBK	Common Stock						2.01K	Mar 21, 2024	By Stock-Based Deferral Plan
holding	CLBK	Common Stock						1.95K	Mar 21, 2024	By ESOP
holding	CLBK	Common Stock						500	Mar 21, 2024	By SERP
holding	CLBK	Common Stock						6.2K	Mar 21, 2024	By Stock Award	F2
holding	CLBK	Common Stock						8.5K	Mar 21, 2024	By Stock Award II	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CLBK	Stock Options (right to buy)						41.5K	Mar 21, 2024	Common Stock	41.5K	$21.79	Direct	F4
holding	CLBK	Stock Options (right to buy)						5.72K	Mar 21, 2024	Common Stock	5.72K	$16.49	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F2	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in three equal annual installments commencing on March 21, 2023.
F3	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on March 6, 2025; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
F4	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three equal annual installments commencing on March 21, 2023.
F5	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 6, 2025.