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Columbia Financial, Inc.·4

Jan 27, 8:35 AM ET

Kemly Thomas J. 4

4 · Columbia Financial, Inc. · Filed Jan 27, 2026

Research Summary

AI-generated summary of this filing

Updated

Columbia Financial (CLBK) CEO Thomas J. Kemly Receives Stock Award

What Happened

  • Thomas J. Kemly, President & CEO and a director of Columbia Financial, received 116.762 shares (recorded as an award/acquisition) at a reported per-share value of $15.91, for a total value of approximately $1,858. The transaction is reported as an award/grant (code A), not an open-market purchase or sale.

Key Details

  • Transaction date: January 23, 2026; Form filed January 27, 2026.
  • Price: $15.91 per share; total reported value ≈ $1,858.
  • Shares owned after transaction: Not reported in the provided filing.
  • Footnote F1: These represent phantom stock units purchased, on a non‑discretionary basis, by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; the units will be settled in actual shares upon distribution to the reporting person.
  • Other footnotes (F2–F8) in the filing describe typical vesting schedules and option terms under the Columbia Financial 2019 Equity Incentive Plan (performance and time‑based vesting) but are not explicitly tied to this specific F1 phantom stock purchase.
  • Filing timing: The Form 4 was filed four days after the transaction (Jan 27 for a Jan 23 transaction). (Note: Form 4s are generally due within two business days of the reportable transaction.)

Context

  • This award appears to be part of a non‑qualified stock deferral arrangement (phantom stock via a rabbi trust), which is a compensation/deferral mechanism rather than an open-market investment by the insider. Such internal plan awards are common and do not necessarily signal a personal market view.

Insider Transaction Report

Form 4
Period: 2026-01-23
Columbia Financial, Inc.CLBK
Kemly Thomas J.
DirectorPresident & CEO
Transactions
  • Award

    Common Stock

    [F1]
    2026-01-23$15.91/sh+116.762$1,858→ 66,722.619 total(indirect: By Stock-Based Deferral Plan)
Holdings

  • Common Stock

    233,808

  • Common Stock

    (indirect: By 401(k))
    40,946

  • Common Stock

    (indirect: By ESOP)
    7,620

  • Common Stock

    (indirect: By SERP)
    32,597

  • Common Stock

    (indirect: By SIM)
    41,572

  • Common Stock

    (indirect: By Spouse)
    5,933

  • Common Stock

    [F2]
    (indirect: By Stock Award II)
    43,411

  • Common Stock

    [F3]
    (indirect: By Stock Award III)
    50,686

  • Common Stock

    [F4]
    (indirect: By Stock Award IV)
    54,690

  • Stock Options (right to buy)

    [F5]
    Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (656,471 underlying)
    656,471

  • Stock Options (right to buy)

    [F6]
    Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (37,894 underlying)
    37,894

  • Stock Options (right to buy)

    [F7]
    Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (37,168 underlying)
    37,168

  • Stock Options (right to buy)

    [F8]
    Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (94,749 underlying)
    94,749
Footnotes (8)
  • [F1]Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person.
  • [F2]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.
  • [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 Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 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 on March 3, 2028.
  • [F5]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
  • [F6]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.
  • [F7]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.
  • [F8]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 3, 2026.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-01-27

Documents

1 file
  • 4
    wk-form4_1769520930.xmlPrimary

    FORM 4