Kemly Thomas J. 4
4 · Columbia Financial, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) CEO Thomas J. Kemly Receives Award
What Happened
- Thomas J. Kemly, President & CEO and a Director of Columbia Financial, reported an award/acquisition on May 15, 2026: 94.925 shares were acquired at a reported price of $19.57 per share, for a total value of about $1,858. The Form 4 records this as an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: May 15, 2026; filing date: May 19, 2026 (filed four days after the transaction).
- Price and amount: 94.925 shares at $19.57 per share — total ≈ $1,858.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes in the filing: F1 indicates these are phantom stock units purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan and that the units will be settled in shares upon distribution. Additional footnotes (F2–F8) in the filing describe various vesting schedules and option vesting provisions for other awards/options granted under the company’s 2019 Equity Incentive Plan.
- Timeliness: the Form 4 was filed four days after the reported transaction; Form 4s are generally required within two business days, so this filing appears later than the typical deadline.
Context
- This transaction is an award/deferred stock unit arrangement (phantom stock in a rabbi trust) rather than an immediate cash purchase of shares on the open market. The units will convert to actual shares when distributed per plan rules, so this does not reflect an immediate change in market exposure.
- Awards and deferred-compensation transactions are common for executives as part of compensation and retention; they provide limited direct signal about near-term insider sentiment compared with open-market purchases or sales.
Insider Transaction Report
Form 4
Kemly Thomas J.
DirectorPresident & CEO
Transactions
- Award
Common Stock
[F1]2026-05-15$19.57/sh+94.925$1,858→ 69,330.915 total(indirect: By Stock-Based Deferral Plan)
Holdings
- 5,933(indirect: By Spouse)
Common Stock
- 249,269
Common Stock
- 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
- 46,078(indirect: By Stock Award III)
Common Stock
[F2] - 54,690(indirect: By Stock Award IV)
Common Stock
[F3] - 53,842(indirect: By Stock Award V)
Common Stock
[F4] - 656,471
Stock Options (right to buy)
[F5]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (656,471 underlying) - 37,894
Stock Options (right to buy)
[F5]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (37,894 underlying) - 37,168
Stock Options (right to buy)
[F6]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (37,168 underlying) - 94,749
Stock Options (right to buy)
[F7]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (94,749 underlying) - 91,477
Stock Options (right to buy)
[F8]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (91,477 underlying)
Footnotes (8)
- [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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F6]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.
- [F7]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.
- [F8]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.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-05-19