Columbia Financial (CLBK) CEO reports new deferred stock award units
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly, who is also a director, reported an indirect acquisition of common stock-linked units on January 9, 2026. He acquired 116.8059 shares of Common Stock at $15.30 per share, held through a Stock-Based Deferral Plan maintained in a bank rabbi trust. According to the footnote, these phantom stock units were purchased on a non-discretionary basis by the plan trustee and will be settled in shares of stock upon distribution to him.
Following this transaction, Kemly indirectly held 66,605.8569 shares through the Stock-Based Deferral Plan, along with additional direct and indirect holdings in Columbia Financial common stock and multiple tranches of stock options granted under the company’s 2019 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 116.806 | $15.30 | $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 | 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 | -- | -- | -- |
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 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. 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 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 May 1, 2024. 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.
FAQ
What insider activity did Columbia Financial (CLBK) report in this Form 4?
The filing shows that President & CEO Thomas J. Kemly indirectly acquired 116.8059 shares of Columbia Financial common stock on January 9, 2026, through a Stock-Based Deferral Plan at a price of $15.30 per share.
What does the Columbia Bank Stock Based Deferral Plan do for the CEO?
Under the Columbia Bank Stock Based Deferral Plan, the CEO’s phantom stock unit interests are maintained in a rabbi trust and, per the footnote, will be settled in shares of Columbia Financial stock upon distribution to him.
What other Columbia Financial equity holdings are reported for the CEO?
The Form 4 lists additional direct and indirect common stock holdings (including shares held in a 401(k), ESOP, SERP, SIM, and by spouse) and several tranches of stock options under the 2019 Equity Incentive Plan, with option grants such as 656,471 options exercisable into common stock.
Are the Columbia Financial stock options held by the CEO vested?
One option grant under the 2019 Equity Incentive Plan is described in the footnotes as fully vested and exercisable, while other grants vest in three approximately equal annual installments beginning on specified dates such as May 1, 2024, March 6, 2025, and March 3, 2026.