Columbia Financial SEVP Allyson Schlesinger buys $500,000 in stock By Investing.com

Allyson Katz Schlesinger, SEVP & Head of Consumer Banking at Columbia Financial, Inc. (), recently acquired common stock in the company totaling $500,000. The transactions took place on July 20, 2026.

Ms. Schlesinger purchased a total of 50,000 shares of Columbia Financial common stock. All shares were acquired at a price of $10.00 per share. Of these, 44,400 shares were acquired directly, while an additional 5,600 shares were acquired indirectly through a 401(k) plan. Following these transactions, Ms. Schlesinger directly holds 192,490 shares of common stock. Her indirect holdings also include shares through various plans, such as 29,794 shares via a Stock-Based Deferral Plan, 15,686 shares via a SERP, 17,056 shares via an ESOP, and 10,302 shares via a SIM.The stock has delivered a 55% return year-to-date, though InvestingPro analysis suggests CLBK may be overvalued at current levels. InvestingPro offers 11 additional exclusive tips for CLBK subscribers.

Furthermore, Ms. Schlesinger holds indirect beneficial ownership in several stock awards granted under the Columbia Financial, Inc. 2019 Equity Incentive plan. These include 25,344 shares from Stock Award III, 27,033 shares from Stock Award IV, and 27,662 shares from Stock Award V. These awards are subject to various vesting schedules, with some portions vesting in annual installments and others upon the achievement of specified performance-based criteria. For instance, Stock Award III vests in installments commencing March 6, 2025, with remaining portions vesting three years after the award date if performance criteria are met. Stock Awards IV and V also vest upon performance achievement three years after their respective award dates on March 3, 2028, and March 2, 2029.

Her derivative holdings also include several tranches of stock options (right to buy) for Columbia Financial common stock. These options, also granted under the 2019 Equity Incentive Plan, have exercise prices ranging from $7.10 to $8.31 and various expiration dates, with some already fully vested and exercisable.

In other recent news, Columbia Financial, Inc. has completed its conversion from a mutual holding company structure and successfully merged with Northfield Bancorp, Inc. This significant development means Columbia Bank is now fully owned by public stockholders, with Northfield Bank merging into Columbia Bank. Additionally, Columbia Financial has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) to manage a stock offering. KBW will oversee the sale of Columbia’s common stock through subscription and community offerings, receiving a fee based on the aggregate purchase price of shares sold, except for those purchased by insiders.

The Federal Reserve Board has approved Columbia Financial’s conversion and acquisition plans, allowing it to become a savings and loan holding company. This approval facilitates the acquisition of Northfield Bancorp, further solidifying Columbia’s expansion efforts. In leadership news, Columbia Financial has designated Thomas Splaine, Jr. as the principal financial officer and principal accounting officer for SEC reporting. Splaine’s appointment follows his earlier promotion to Executive Vice President and Chief Financial Officer. These developments highlight Columbia Financial’s strategic growth and leadership restructuring.

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