Kemly Thomas J. 4

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.