Columbia Financial CEO receives stock-based share award
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a grant of 87.4207 shares of Common Stock at $21.2500 per share through a stock-based deferral plan, resulting in 69689.4191 shares held indirectly in that plan.
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a grant of 87.4207 shares of Common Stock at $21.2500 per share through a stock-based deferral plan, resulting in 69689.4191 shares held indirectly in that plan. The filing also lists substantial ownership, including 249269.0000 Common Shares held directly and multiple stock option grants under the 2019 Equity Incentive Plan with exercise prices between $15.6000 and $18.2800 and expirations from 2029 to 2036.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 87.4207 shares
Grant/Award
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 87.4207 | $21.25 | $2K |
| holding | Stock Options (right to buy) F5 | -- | -- | -- |
| holding | Stock Options (right to buy) F5 | -- | -- | -- |
| holding | Stock Options (right to buy) F6 | -- | -- | -- |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,689.4191 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 917,759 contracts (Direct);
Common Stock — 249,269 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 — 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 (8)
- 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. 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.
- F3. 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.
- F4. 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.
- F5. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F6. 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.
- F7. 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.
- F8. 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
Stock-based deferral grant: 87.4207 shares
Grant price: $21.2500 per share
Deferral plan holdings: 69689.4191 shares
+4 more
7 metrics
Stock-based deferral grant
87.4207 shares
Common Stock credited on 2026-07-10 via stock-based deferral plan (code A grant)
Grant price
$21.2500 per share
Per-share value for the 87.4207-share deferral plan grant on 2026-07-10
Deferral plan holdings
69689.4191 shares
Indirect Common Stock equivalent units in Stock-Based Deferral Plan after the grant
Direct Common Stock
249269.0000 shares
Common Stock held directly by Kemly following the reported holdings
Largest option block
656471.0000 shares
Underlying Common Stock for options at $15.6000 expiring 2029-07-23
Largest option exercise price
$15.6000 per share
Exercise price for the 656471.0000-share stock option grant under the 2019 Equity Incentive Plan
Other option exercise prices
$15.9400–$18.2800 per share
Exercise prices for additional stock options expiring between 2033 and 2036
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, 2019 Equity Incentive Plan, +2 more
6 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee"
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"
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
"Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
2019 Equity Incentive Plan financial
"Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
ESOP financial
"Common Stock ... nature_of_ownership: 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.
SERP financial
"Common Stock ... nature_of_ownership: By SERP"
A Supplemental Executive Retirement Plan (SERP) is a company-funded benefit that promises extra retirement pay to selected senior executives beyond regular pension or savings plans. Think of it as a bespoke top-up savings account the employer guarantees for key leaders; it matters to investors because SERPs create future financial obligations, influence executive retention and pay incentives, and can signal how a company prioritizes management costs versus shareholder returns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Columbia Financial (CLBK) report for Thomas J. Kemly?
Thomas J. Kemly reported a grant of 87.4207 shares of Columbia Financial Common Stock at $21.2500 per share, credited through a stock-based deferral plan, classified as a grant or award acquisition rather than an open-market purchase.
What is the Columbia Bank Stock Based Deferral Plan mentioned in CLBK's Form 4?
The Columbia Bank Stock Based Deferral Plan is a non-qualified stock-based deferral plan where a rabbi trust purchases phantom stock on a non-discretionary basis. These stock unit interests will be settled in shares of Columbia Financial stock upon distribution to Kemly.
What stock options does Kemly hold in Columbia Financial (CLBK)?
Kemly holds several stock option grants under the 2019 Equity Incentive Plan, including options on 656471.0000 shares at an exercise price of $15.6000 expiring on 2029-07-23, plus additional options with exercise prices up to $18.2800 expiring through 2036.
Does this Columbia Financial (CLBK) Form 4 show any open-market buying or selling?
The Form 4 shows no open-market purchases or sales. The only coded transaction is an A-code grant of 87.4207 shares via a stock-based deferral plan; other entries simply update Kemly’s existing direct, indirect, and option holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
