Kemly Thomas J. 4

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.