Kemly Thomas J. 4

What Happened

• Kemly Thomas J., President & CEO and Director of Columbia Financial, acquired 89.055 shares (reported as an award/acquisition) on 2026-06-26 at a reported price of $20.86 per share, a total reported value of approximately $1,858. This was an award/deferral (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-26 at $20.86 per share.
• Shares involved: 89.055 shares; total value reported ≈ $1,858.
• Shares owned after transaction: Not specified in the transaction line of this report.
• Footnote F1: These are phantom stock units purchased by the trustee of the Bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan; the stock unit interests will be settled in shares upon distribution to the reporting person.
• Additional footnotes (F2–F8) in the filing describe vesting schedules and option terms for other awards/options under the 2019 Equity Incentive Plan and are not the specific mechanics of this line item.
• Timeliness: Transaction reported on Form 4 filed 2026-06-30 for a 2026-06-26 transaction; filing appears to meet the Form 4 reporting deadline.

Context

• This was an award/deferral (phantom stock in a rabbi trust), which is typically part of executive compensation and will convert to actual shares on distribution — not an immediate open-market purchase or sale.
• Such awards are compensatory and should be interpreted differently than outright purchases (which can signal personal buying conviction) or sales (which can be liquidity events).