Kemly Thomas J. 4
4 · Columbia Financial, Inc. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) CEO Kemly Thomas Receives Award, Forfeits Shares
What Happened
- Kemly Thomas J., President & CEO and Director of Columbia Financial, had two transactions reported for May 1, 2026: an award/acquisition of 96.503 shares at $19.25 (value ≈ $1,858) and a disposition to the issuer of 32,558 shares at $0 (forfeiture).
- The disposition was not a market sale but represents forfeiture of performance-based restricted stock tied to a May 1, 2023 grant; the company determined 6,512 of those earlier performance shares vested and 32,558 were forfeited.
Key Details
- Transaction dates and prices: 2026-05-01 — Award: 96.503 shares @ $19.25 (Acquired) = $1,858; Forfeiture: 32,558 shares @ $0 (Disposed) = $0.
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes:
- F1: The ~96.503 share award represents phantom/stock unit interests purchased by the rabbi trust under the Columbia Bank Stock Based Deferral Plan; units will be settled in shares upon distribution.
- F2: The 32,558-share disposition is the forfeiture portion of a 2023 performance-based award; 6,512 shares vested.
- F3: Filing notes that directly held shares include amounts that previously vested from stock awards.
- Filing timeliness: no late filing flag indicated in the provided details.
Context
- This was not an open-market sale (no cash proceeds) but a combination of a small awarded stock-unit deposit into a deferral trust and a forfeiture of underperforming, performance-based awards. The award value is modest (~$1.9K) and the forfeiture reflects the company’s performance determinations for the applicable performance period.
Insider Transaction Report
Form 4
Kemly Thomas J.
DirectorPresident & CEO
Transactions
- Award
Common Stock
[F1]2026-05-01$19.25/sh+96.503$1,858→ 69,235.99 total(indirect: By Stock-Based Deferral Plan) - Disposition to Issuer
Common Stock
[F2][F3]2026-05-01−32,558→ 249,269 total
Holdings
- 40,946(indirect: By 401(k))
Common Stock
- 8,689(indirect: By ESOP)
Common Stock
- 35,309(indirect: By SERP)
Common Stock
- 41,572(indirect: By SIM)
Common Stock
- 5,933(indirect: By Spouse)
Common Stock
- 46,078(indirect: By Stock Award III)
Common Stock
[F4] - 54,690(indirect: By Stock Award IV)
Common Stock
[F5] - 53,842(indirect: By Stock Award V)
Common Stock
[F6] - 656,471
Stock Options (right to buy)
[F7]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]Represents the forfeiture of performance-based restricted stock granted to the reporting person on May 1, 2023 that were eligible to vest based on certain performance objectives. On May 1, 2026 the Company determined that, based on the Company's performance over the applicable performance period, 6,512 shares would vest and 32,558 shares would be forfeited.
- [F3]The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- [F4]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.
- [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 3, 2028.
- [F6]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.
- [F7]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [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.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-05-05