Columbia Financial (NASDAQ: CLBK) CEO adds stock via deferral and option holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a small compensation-related stock acquisition and updated his holdings. On June 12, 2026, he acquired 89.7434 shares of common stock at $20.70 per share through a stock-based deferral plan, increasing that indirect position to 69,512.9432 shares.
The filing also lists various indirect common stock holdings through stock awards, spouse, retirement and benefit plans, plus a direct common stock position of 249,269 shares. In addition, he holds several option grants on common stock with exercise prices between about $15.60 and $18.28, expiring from 2029 to 2036. No open-market buys or sells were reported.
Positive
- None.
Negative
- None.
Insights
Filing shows routine stock-based compensation and updated CEO holdings.
The filing indicates that Columbia Financial’s CEO received 89.7434 common share equivalents at $20.70 via a stock-based deferral plan. This type of grant is standard executive compensation and does not reflect an open‑market purchase or sale decision.
The footnotes describe phantom stock in a rabbi trust and stock awards and options under the 2019 Equity Incentive Plan, including options exercisable at prices between $15.60 and $18.28 expiring between 2029 and 2036. These positions provide long-term equity exposure but their value depends on future share performance.
Because the transaction is compensation-related and transactionSummary shows no open‑market buys or sells, the informational signal for investors is limited. Future company filings may further detail how these equity incentives vest and settle over time.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 89.743 | $20.70 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,512.943 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 656,471 shares (Direct, null);
Common Stock — 249,269 shares (Direct, null)
Footnotes (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. 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. 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. 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. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable. 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. 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. 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 deferral grant: 89.7434 shares at $20.70
Deferral plan balance: 69,512.9432 shares
Direct common stock: 249,269 shares
+5 more
8 metrics
Stock deferral grant
89.7434 shares at $20.70
Phantom stock under stock-based deferral plan on June 12, 2026
Deferral plan balance
69,512.9432 shares
Indirect common stock equivalents after grant in Stock-Based Deferral Plan
Direct common stock
249,269 shares
Directly held Columbia Financial common stock after reported transactions
Option block 1
91,477 shares at $18.28
Stock options on common stock expiring March 2, 2036
Option block 2
94,749 shares at $16.23
Stock options on common stock expiring March 3, 2035
Largest option grant
656,471 shares at $15.60
Stock options on common stock expiring July 23, 2029
ESOP indirect holding
8,689 shares
Indirect common stock held by ESOP
Spouse indirect holding
5,933 shares
Indirect common stock held by spouse
Key Terms
phantom stock, non-qualified stock-based deferral plan, rabbi trust, 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.
non-qualified stock-based deferral plan financial
"Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
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.
Stock Options (right to buy financial
"Stock Options (right to buy) with underlying security title Common Stock"
2019 Equity Incentive Plan financial
"Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
performance-based vesting criteria financial
"which vest upon achievement of certain specified performance-based vesting criteria"
FAQ
What did Columbia Financial (CLBK) CEO report in this Form 4?
The CEO reported a small stock-based award and updated holdings. He acquired 89.7434 common share equivalents at $20.70 through a stock-based deferral plan and disclosed various direct and indirect stock and option positions, without any open-market purchases or sales.
What is the CEO’s balance in Columbia Financial’s stock-based deferral plan?
After the new award, the CEO’s indirect holdings in the stock-based deferral plan total 69,512.9432 common share equivalents. These phantom stock units are held in a rabbi trust and are scheduled to be settled in shares when distributions are made to him.
What stock options on Columbia Financial (CLBK) does the CEO hold?
He holds several stock option grants on common stock with exercise prices of $18.28, $16.23, $16.49, $15.94 and $15.60. These options cover underlying share amounts such as 91,477 and 656,471 shares and expire between 2029 and 2036.
What indirect Columbia Financial (CLBK) holdings does the CEO have?
Indirect holdings include shares held through various stock award tranches, a spouse, a supplemental retirement plan, an ESOP, a 401(k) plan, and the stock-based deferral plan. Each line reflects different ownership channels but all relate to Columbia Financial common stock exposure.