Kemly Thomas J. 4

What Happened

• Thomas J. Kemly, President & CEO and Director of Columbia Financial, received 100.091 shares (phantom stock units) on April 17, 2026 at an attributed price of $18.56 per share, a total value of about $1,858. This was an award/acquisition (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-04-17; filing date: 2026-04-21.
• Price used for valuation: $18.56 per share; total value ≈ $1,858.
• Shares owned after the transaction: not specified in the provided excerpt.
• 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 when distributed.
• Timeliness: Form 4 filed April 21, 2026 (four days after the transaction); this falls within the standard SEC two-business-day reporting window for Form 4 filings.

Context

• This was a deferred-compensation award (phantom stock units), not a market buy—common for executive pay deferrals and not a direct signal of immediate buying/selling intent.
• Phantom units convert to actual shares only upon distribution, so they increase potential future equity exposure rather than immediate share ownership or liquidity.