secwatch.observer — SEC 8-K summary
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Issuer:     Columbia Financial, Inc. (CLBK)
CIK:        0001723596
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0001723596-22-000525
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia Financial authorizes new stock buyback program for up to 3M shares (~2.7%)
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- New repurchase program authorizes up to 3,000,000 shares (approx. 2.7% of outstanding), commencing upon completion of existing program.
- Fourth program (5M shares authorized) repurchased 4,311,566 shares for $90.6M ($20.99 avg); 688,434 shares remain.
- Repurchases permitted via open market, private negotiations, or 10b5-1 plan; timing depends on market conditions and regulatory requirements.
- CEO Thomas J. Kemly stated program reflects commitment to repurchase shares at attractive prices as prudent capital deployment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723596/000172359622000525/0001723596-22-000525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723596/000172359622000525/clbk-20221214.htm
  HTML page:      https://secwatch.observer/filing/0001723596-22-000525

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer