Columbia Financial SEVP Lewis buys $150,000 in stock By Investing.com

Oliver Edward Lewis Jr., SEVP & Head Commercial Banking at Columbia Financial, Inc. (), recently increased his holdings in the company. On July 20, 2026, Mr. Lewis acquired a total of 15,000 shares of common stock.

The transactions amounted to $150,000, with all shares purchased at a price of $10 each. Of these, 500 shares were acquired directly by Mr. Lewis, while an additional 14,500 shares were acquired indirectly through a 401(k) plan. The stock currently trades at $10.94, reflecting a remarkable 63% gain over the past year and a 51% surge over the last six months.

Following these transactions, Mr. Lewis directly holds 65,296 shares of common stock. His indirect beneficial ownership also includes 14,500 shares via a 401(k), 10,791 shares through a Stock-Based Deferral Plan, 16,700 shares via an ESOP, 1,498 shares through a SIM, and 7,510 shares via a SERP. Additionally, he holds shares indirectly through Stock Award IV (23,231 shares), Stock Award V (24,860 shares), and Stock Award VI (25,898 shares), which are subject to various vesting conditions, including performance-based criteria. According to InvestingPro analysis, the stock appears overvalued at current levels, with the company’s next earnings report due July 29.

Mr. Lewis also holds derivative securities in the form of stock options, representing the right to buy additional common stock. These options have various exercise prices, ranging from $7.25 to $8.31 per share. Some of these options are fully vested and exercisable, while others vest in approximately equal annual installments, with vesting commencement dates including March 6, 2025, March 3, 2026, and March 2, 2027.

In other recent news, Columbia Financial, Inc. completed its conversion from a mutual holding company structure and finalized its merger with Northfield Bancorp, Inc. This development means Columbia Bank is now wholly owned by Columbia Financial, which is entirely owned by public stockholders. Additionally, Columbia Financial has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) to manage the sale of its common stock through subscription and community offerings. KBW will play a significant role as the lead-left book running manager for any firm commitment underwritten offering. The Federal Reserve Board has approved Columbia Financial’s conversion to stock form and its acquisition of Northfield Bancorp, solidifying the merger process. In another significant move, Columbia Financial’s Board of Directors has appointed Thomas Splaine, Jr. as the principal financial officer and principal accounting officer for SEC reporting. Splaine’s designation follows his earlier appointment as Executive Vice President and Chief Financial Officer.

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