Kemly Thomas J. 4

What Happened
Kemly Thomas J., President & CEO and Director of Columbia Financial, reported an award/acquisition of 104.659 shares on April 6, 2026, at a reported price of $17.75 per share, with a total value of $1,858. The filing (Form 4) was submitted on April 7, 2026. This transaction is an award/deferral (code A), not an open-market buy or sale.

Key Details

• Transaction date: 2026-04-06; Filing date: 2026-04-07.
• Transaction type: Award/Acquisition (A) — 104.659 shares @ $17.75, total $1,858.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnote (F1): These are 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; units will be settled in actual shares upon distribution to the reporting person.
• No indication in the filing that this was an option exercise, open-market trade, gift, or a 10b5-1 plan sale.

Context
This is a small-value deferred compensation award recorded as phantom stock units in a rabbi trust — a common form of executive deferral. Such awards reflect compensation mechanics (deferred pay) rather than an immediate buy/sell opinion by the insider.