Columbia Financial (CLBK) CEO details deferred stock, awards and options

Rhea-AI Filing Summary

Columbia Financial, Inc.'s President and CEO, who is also a director, reported acquiring 104.3884 phantom common stock units through the Columbia Bank Stock Based Deferral Plan on December 12, 2025 at $17.12 per unit. This transaction increased the reporting person's stock-based deferral plan balance to 66,378.1868 units, which will be settled in shares of stock upon distribution.

The report also outlines the reporting person's broader ownership in Columbia Financial common stock, including 233,808 shares held directly and additional indirect holdings through retirement and incentive plans and by a spouse. Under the 2019 Equity Incentive Plan, the reporting person holds stock options covering 656,471 shares at a $15.6 exercise price that are fully vested and exercisable, plus further option grants over 37,894, 37,168 and 94,749 shares at exercise prices of $15.94, $16.49 and $16.23, vesting in three approximately equal annual installments beginning in 2024, 2025 and 2026.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kemly Thomas J.

(Last) (First) (Middle)

19-01 ROUTE 208 NORTH

(Street)

FAIR LAWN NJ 07410

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/12/2025		A		104.3884(1)	A	$17.12	66,378.1868	I	By Stock-Based Deferral Plan
Common Stock								233,808	D
Common Stock								40,946	I	By 401(k)
Common Stock								7,620	I	By ESOP
Common Stock								32,597	I	By SERP
Common Stock								41,572	I	By SIM
Common Stock								5,933	I	By Spouse
Common Stock								43,411	I	By Stock Award II(2)
Common Stock								50,686	I	By Stock Award III(3)
Common Stock								54,690	I	By Stock Award IV(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (right to buy)	$15.6							07/23/2020(5)	07/23/2029	Common Stock	656,471		656,471	D
Stock Options (right to buy)	$15.94							05/01/2024(6)	05/01/2033	Common Stock	37,894		37,894	D
Stock Options (right to buy)	$16.49							03/06/2025(7)	03/06/2034	Common Stock	37,168		37,168	D
Stock Options (right to buy)	$16.23							03/03/2026(8)	03/03/2035	Common Stock	94,749		94,749	D

Explanation of Responses:

1. 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.

2. 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 May 1, 2024; 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.

3. 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.

4. 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.

5. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.

6. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.

7. 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.

8. 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.

Remarks:

	/s/ Dennis E. Gibney, Power of Attorney	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Columbia Financial (CLBK) report for its President and CEO?

The reporting person, who is President & CEO and a director of Columbia Financial, Inc. (CLBK), reported acquiring 104.3884 phantom common stock units on December 12, 2025 at a price of $17.12 per unit through the Columbia Bank Stock Based Deferral Plan.

How many deferred stock units does the Columbia Financial (CLBK) insider hold after this transaction?

Following the reported transaction, the reporting person beneficially owns 66,378.1868 stock-based deferral plan units, held indirectly under the Columbia Bank Stock Based Deferral Plan. These stock unit interests will be settled in shares of Columbia Financial stock upon distribution.

How many Columbia Financial (CLBK) common shares does the insider hold directly and indirectly?

The reporting person holds 233,808 Columbia Financial common shares directly. Indirect holdings include 40,946 shares through a 401(k), 7,620 shares through an ESOP, 32,597 shares through a SERP, 41,572 shares through a SIM, 5,933 shares held by a spouse, and stock awards of 43,411, 50,686 and 54,690 shares under various equity award tranches.

What stock options does the Columbia Financial (CLBK) insider hold and at what exercise prices?

The reporting person holds several stock option grants under the 2019 Equity Incentive Plan. These include 656,471 options with a $15.6 exercise price that are fully vested and exercisable and expire on July 23, 2029. Additional grants cover 37,894 shares at $15.94 (exercisable from May 1, 2024, expiring May 1, 2033), 37,168 shares at $16.49 (exercisable from March 6, 2025, expiring March 6, 2034), and 94,749 shares at $16.23 (exercisable from March 3, 2026, expiring March 3, 2035).

What is the Columbia Bank Stock Based Deferral Plan mentioned in the CLBK insider report?

The Columbia Bank Stock Based Deferral Plan is described as a non-qualified stock-based deferral plan. Phantom stock is purchased on a non-discretionary basis by the trustee of the bank's rabbi trust, and stock unit interests under the plan are settled in shares of Columbia Financial stock upon distribution to the reporting person.

How do the Columbia Financial (CLBK) performance-based stock awards for the insider vest?

Stock Awards II and III were granted under the 2019 Equity Incentive Plan. For each, 25% vests in three approximately equal annual installments (beginning on May 1, 2024 for Award II and March 6, 2025 for Award III), while the remaining 75% vests upon achievement of specified performance-based criteria, with vesting three years after the award date if those criteria are met. Stock Award IV also vests upon achievement of performance-based criteria, with vesting three years after the award date on March 3, 2028.