Kemly Thomas J. 4
4 · Columbia Financial, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) CEO Thomas J. Kemly Receives Phantom Stock Award
What Happened
Thomas J. Kemly, President & CEO and a director of Columbia Financial, received 1,800.263 phantom stock units on March 13, 2026. The reported per‑unit value was $17.48, for a total value of $31,469. This was an award/acquisition under the company’s stock deferral plan rather than an open‑market purchase.
Key Details
- Transaction date and price: 2026-03-13; 1,800.263 units at $17.48 each; total ~$31,469.
- Transaction type: Award/Acquisition (phantom stock purchased by trustee of a rabbi trust).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote of primary relevance: F1 — units represent phantom stock purchased on a non‑discretionary basis by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; units will be settled in shares upon distribution.
- Filing timeliness: Form 4 filed 2026-03-17 (timely; within the two business‑day reporting window).
Context
Phantom stock units are a form of deferred compensation: the trustee purchased stock unit interests for the rabbi trust and the reporting person’s benefits will be settled in actual shares when distributed under the plan. This is an award/deferral transaction (not an immediate market purchase or sale), so it reflects compensation treatment rather than an immediate insider market commitment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-13$17.48/sh+1,800.263$31,469→ 68,826.794 total(indirect: By Stock-Based Deferral Plan)
- 233,808
Common Stock
- 40,946(indirect: By 401(k))
Common Stock
- 7,620(indirect: By ESOP)
Common Stock
- 32,597(indirect: By SERP)
Common Stock
- 41,572(indirect: By SIM)
Common Stock
- 5,933(indirect: By Spouse)
Common Stock
- 43,411(indirect: By Stock Award II)
Common Stock
[F2] - 50,686(indirect: By Stock Award III)
Common Stock
[F3] - 54,690(indirect: By Stock Award IV)
Common Stock
[F4] - 53,842(indirect: By Stock Award V)
Common Stock
[F5] - 656,471
Stock Options (right to buy)
[F6]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (656,471 underlying) - 37,894
Stock Options (right to buy)
[F7]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (37,894 underlying) - 37,168
Stock Options (right to buy)
[F8]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (37,168 underlying) - 94,749
Stock Options (right to buy)
[F9]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (94,749 underlying) - 91,477
Stock Options (right to buy)
[F10]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (91,477 underlying)
Footnotes (10)
- [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.
- [F10]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
- [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 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 2, 2029.
- [F6]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F7]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.
- [F8]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.
- [F9]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.