Kemly Thomas J. 4

What Happened

• Kemly Thomas J., President & CEO and Director of Columbia Financial, Inc. (CLBK), was the recipient of an award/acquisition of 100.742 stock units on February 20, 2026. The units are recorded at $18.44 per share for a total value of approximately $1,858. This transaction is reported as an award/grant (code A), i.e., an acquisition of stock units rather than an open-market buy.

Key Details

• Transaction date: 2026-02-20; Filing date (Form 4): 2026-02-24 (timely filed).
• Price/value: 100.742 units × $18.44 = ~$1,858.
• Transaction type: Award/Grant (code A); these units are phantom stock purchased by the rabbi trust trustee under the Columbia Bank Stock Based Deferral Plan (see footnote F1).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Notable footnote: F1 — the units represent phantom stock purchased on a non-discretionary basis by the trustee of the Bank’s rabbi trust and will be settled in actual shares upon distribution to the reporting person.
• Other footnotes in the filing describe various stock award and option vesting schedules under the 2019 Equity Incentive Plan (F2–F8), but F1 is the operative note for this specific entry.

Context

• These are deferred/phantom stock units held in a rabbi trust (not a current open-market purchase); they will convert to actual shares when distributed under the plan, so this is a deferred compensation award rather than an immediate cash/stock investment by the insider.
• The total value (~$1.9k) is small and likely routine compensation/deferral activity; factual reporting only — no inference about company outlook is made.