Columbia Financial CEO receives stock-based deferral award
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported an acquisition of 100.7424 shares of phantom common stock on February 20, 2026, at $18.44 per share, through the company’s stock-based deferral plan.
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported an acquisition of 100.7424 shares of phantom common stock on February 20, 2026, at $18.44 per share, through the company’s stock-based deferral plan.
According to the disclosure, these phantom stock units were purchased on a non-discretionary basis by the trustee of the bank’s rabbi trust under the Columbia Bank Stock Based Deferral Plan and will be settled in actual shares of stock upon distribution to Kemly. Following this award, his indirect deferral-plan-related common stock balance is 66,923.6689 shares.
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Insider Trade Summary
Grant/Award: 100.7424 shares
Grant/Award
14 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 100.7424 | $18.44 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 66,923.6689 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 826,282 contracts (Direct);
Common Stock — 233,808 shares (Direct);
Common Stock — 40,946 shares (Indirect, By 401(k));
Common Stock — 7,620 shares (Indirect, By ESOP);
Common Stock — 32,597 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 — 50,686 shares (Indirect, By Stock Award III);
Common Stock — 54,690 shares (Indirect, By Stock Award IV)
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 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.
- 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 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.
- 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 3, 2028.
- 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 May 1, 2024.
- F7. 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.
- F8. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Columbia Financial (CLBK) disclose about Thomas J. Kemly’s latest Form 4?
Columbia Financial reported that President & CEO Thomas J. Kemly received 100.7424 phantom stock units at $18.44 per share on February 20, 2026. These units were credited under a stock-based deferral plan and will later be settled in company shares.
Was the Columbia Financial (CLBK) Form 4 a stock purchase or a grant?
The Form 4 reflects a grant-type acquisition, not an open-market purchase. Kemly received 100.7424 phantom stock units through a stock-based deferral plan, categorized as a grant, award, or other acquisition at a reference price of $18.44 per share.
How will the phantom stock units for Columbia Financial’s CEO be settled?
The phantom stock units will be settled in shares of Columbia Financial stock upon distribution to Thomas J. Kemly. They are held in a rabbi trust under the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral arrangement for the executive.
What is Thomas J. Kemly’s deferred stock balance after this Columbia Financial award?
After the February 20, 2026 transaction, Kemly’s indirect balance related to the stock-based deferral plan is 66,923.6689 shares of common stock. This balance reflects stock unit interests that will ultimately be settled in shares upon distribution to him.
Does the Columbia Financial Form 4 show any stock sales by the CEO?
The Form 4 does not report any stock sales by Thomas J. Kemly. It records one acquisition of 100.7424 phantom stock units through a stock-based deferral plan, with other entries simply listing existing option and share holdings without buy or sell transactions.
What plans and awards are referenced in the Columbia Financial (CLBK) Form 4 footnotes?
Footnotes describe stock awards and options granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan. Some awards vest in annual installments starting in 2024 or 2025, while others vest on achieving performance criteria, with a three-year vesting period after the award date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
