Kemly Thomas J. 4

What Happened

• Thomas J. Kemly, President & CEO and Director of Columbia Financial, acquired 89.743 shares on 2026-06-12 at $20.70 per share, a total value of about $1,858. The Form 4 reports this as an award/grant/other acquisition (code A).

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-16 (filed within required two business days).
• Price: $20.70 per share; Shares acquired: 89.743; Total value: ~$1,858.
• Shares owned after the transaction: Not specified in this Form 4.
• Footnote F1 applies: 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 and will be settled in shares upon distribution.
• Additional footnotes in the filing (F2–F8) describe vesting schedules for other equity awards/options tied to the company’s 2019 Equity Incentive Plan; they are informational but not required to interpret this specific transaction.

Context

• This was a deferred-compensation type acquisition (phantom stock placed in a rabbi trust), not an open-market buy. Such deposits generally reflect compensation deferral and will convert into shares when distributed, so they don’t necessarily signal near-term bullish trading by the insider. The filing was timely.