CLBK CEO awarded stock-based deferral units
Columbia Financial, Inc. President & CEO Thomas J. Kemly received a grant of 104.6586 shares of common stock at $17.75 per share through a stock-based deferral plan, recorded as phantom stock units to be settled in shares.
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly received a grant of 104.6586 shares of common stock at $17.75 per share through a stock-based deferral plan, recorded as phantom stock units to be settled in shares. Following this grant, his indirect holdings under the stock-based deferral plan total 69,039.3953 units. The filing also lists substantial stock option holdings on Columbia Financial common stock with exercise prices between $15.60 and $18.28 and expirations from 2029 to 2036, reflecting ongoing equity-based compensation rather than open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 104.6586 shares
Grant/Award
16 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104.6586 | $17.75 | $2K |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,039.3953 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 917,759 contracts (Direct);
Common Stock — 238,416 shares (Direct);
Common Stock — 40,946 shares (Indirect, By 401(k));
Common Stock — 8,689 shares (Indirect, By ESOP);
Common Stock — 35,309 shares (Indirect, By SERP);
Common Stock — 41,572 shares (Indirect, By SIM);
Common Stock — 5,933 shares (Indirect, By Spouse);
Common Stock — 43,411 shares (Indirect, By Stock Award II);
Common Stock — 46,078 shares (Indirect, By Stock Award III);
Common Stock — 54,690 shares (Indirect, By Stock Award IV);
Common Stock — 53,842 shares (Indirect, By Stock Award V)
Footnotes (11)
- F1. 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.
- F2. The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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 2, 2029.
- F7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
Key Figures
Phantom stock grant: 104.6586 shares
Grant price: $17.75/share
Deferral plan units after grant: 69,039.3953 units
+5 more
8 metrics
Phantom stock grant
104.6586 shares
Common Stock under stock-based deferral plan at $17.75
Grant price
$17.75/share
Price for 104.6586 phantom stock units
Deferral plan units after grant
69,039.3953 units
Indirect holdings in Columbia Bank Stock Based Deferral Plan
Fully vested options
656,471 underlying shares
Stock options at $15.60 exercise price expiring 2029-07-23
Option grant 2024
37,894 underlying shares
Stock options at $15.94 expiring 2033-05-01
Option grant 2025
37,168 underlying shares
Stock options at $16.49 expiring 2034-03-06
Option grant 2026
94,749 underlying shares
Stock options at $16.23 expiring 2035-03-03
Option grant 2027
91,477 underlying shares
Stock options at $18.28 expiring 2036-03-02
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Options (right to buy, +2 more
6 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
rabbi trust financial
"by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
non-qualified stock-based deferral plan financial
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
Stock Options (right to buy financial
"Stock Options (right to buy) with underlying security title Common Stock"
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan"
ESOP financial
"Common Stock indirect ownership noted as By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Columbia Financial (CLBK) disclose about CEO Thomas J. Kemly in this Form 4?
The Form 4 shows CEO Thomas J. Kemly received 104.6586 shares of Columbia Financial common stock at $17.75 per share through a stock-based deferral plan, recorded as phantom stock units that will later be settled in actual shares.
How many phantom stock units does the Columbia Financial (CLBK) CEO now hold?
After the new grant, Thomas J. Kemly indirectly holds 69,039.3953 phantom stock units under the Columbia Bank Stock Based Deferral Plan, which are designed to be settled in shares of Columbia Financial common stock upon distribution to him.
What stock option positions for Columbia Financial (CLBK) does the CEO report?
The filing lists several stock option positions on Columbia Financial common stock with exercise prices from $15.60 to $18.28 and expiration dates between 2029 and 2036, all granted under the 2019 Equity Incentive Plan, providing long-term equity exposure.
What other indirect Columbia Financial (CLBK) holdings does the CEO report?
Beyond the deferral plan units, Thomas J. Kemly reports indirect Columbia Financial common stock holdings through a 401(k), ESOP, SERP, various Stock Award vehicles, and by his spouse, reflecting multiple compensation and retirement-related accounts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
