Kemly Thomas J. 4

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.