Sec Form 4 Filing - Klimowich John @ Columbia Financial, Inc. - 2023-05-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Klimowich John
2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP & Chief Risk Officer
(Last) (First) (Middle)
19-01 ROUTE 208 NORTH
3. Date of Earliest Transaction (MM/DD/YY)
05/01/2023
(Street)
FAIR LAWN, NJ07410
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/01/2023 A 16,537 A $ 0 16,537 I By Stock Award II ( 1 )
Common Stock 05/02/2023 P 346 A $ 14.42 ( 2 ) 48,232 D
Common Stock 4,777.3492 I By Stock-Based Deferral Plan
Common Stock 17,151 I By 401(k)
Common Stock 5,469 I By ESOP
Common Stock 5,742 I By SERP
Common Stock 4,214 I By SIM
Common Stock 15,385 I By Stock Award ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $ 15.94 05/01/2023 A 12,030 05/01/2024( 4 ) 05/01/2033 Common Stock 12,030 $ 0 12,030 D
Stock Options (right to buy) $ 15.6 07/23/2020( 5 ) 07/23/2029 Common Stock 188,235 188,235 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Klimowich John
19-01 ROUTE 208 NORTH
FAIR LAWN, NJ07410
EVP & Chief Risk Officer
Signatures
/s/ Dennis E. Gibney, Power of Attorney 05/03/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 May 1, 2024; 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.
( 2 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.418 to $14.419, inclusive. The reporting person undertakes to provide to Columbia Financial, Inc., any security holder of Columbia Financial, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 3 )Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in five equal annual installments commencing on July 23, 2020.
( 4 )Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.
( 5 )Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, vest in five equal annual installments commencing on July 23, 2020.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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