Kemly Thomas J. 4

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.