Kemly Thomas J. 4

What Happened Kemly Thomas J., President & CEO and Director of Columbia Financial, received 107.943 stock units (reported as an acquisition/award) on March 20, 2026 at a per-share value of $17.21, a total reported value of ~$1,858. The units were purchased on a non‑discretionary basis by the trustee of a rabbi trust under the Columbia Bank Stock Based Deferral Plan; they represent phantom/stock unit interests that will be settled in shares upon distribution.

Key Details

• Transaction date: 2026-03-20 (Period of Report). Form filed: 2026-03-24 (filed within the 2-business-day Form 4 deadline).
• Shares/units acquired: 107.943 at $17.21 per unit; total value ≈ $1,858.
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes: F1 — units are phantom stock purchased into a rabbi trust and will be settled in shares upon distribution; F2 — treated as an exempt acquisition under Rule 16b-3(c).
• Transaction type code: A = Award/Grant (acquisition), not an open-market trade or option exercise.

Context This was a deferred-compensation style award (phantom stock units held in a rabbi trust), not an immediate open-market buy or sale. Such awards increase reported beneficial ownership when acquired but are typically part of executive compensation and will convert to actual shares only upon distribution per the plan terms.