Columbia Financial CEO Thomas J. Kemly Receives Stock Award

What Happened
Thomas J. Kemly, President & CEO and a director of Columbia Financial, Inc. (CLBK), was granted 157.565 stock units (reported as acquired) on August 21, 2026 at a per-unit value of $11.79, for a total reported value of $1,858. The transaction is reported as an award/grant (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-25 (filed 4 days after the transaction; this may be later than the typical 2-business-day reporting window).
• Shares/units: 157.565 units at $11.79 per unit; total value $1,858.
• Shares owned after transaction: not disclosed in the provided filing data.
• Footnote F1: 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; units will be settled in actual shares upon distribution.
• Other footnotes (F2–F8) describe vesting schedules and plan mechanics for various equity awards and options under the 2019 Equity Incentive Plan but do not change that this specific entry is a deferred/phantom stock award.

Context
This was a small, deferred award handled by a trustee (not a direct open-market buy), so it’s primarily an administrative compensation/deferral event rather than an indication of immediate insider buying or selling. Deferred/phantom units convert to shares only upon distribution per the plan terms.