Columbia Financial (CLBK) CEO adds stock units via deferral plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a small stock-based award under a deferral plan. On April 17, 2026, he acquired 100.091 shares of Common Stock at $18.56 per share indirectly through the Columbia Bank Stock-Based Deferral Plan.
This award increased his indirect holdings in that deferral plan to 69,139.4863 shares. The filing also updates indirect balances held through various stock award programs, retirement and benefit plans, and shows he directly holds 238,416 Common shares plus several option grants over Columbia Financial stock at exercise prices between $15.60 and $18.28 per share.
Positive
- None.
Negative
- None.
Insights
Routine stock-based compensation award with updated holdings, limited signaling value.
Thomas J. Kemly, President & CEO of Columbia Financial, Inc., received a small grant of 100.091 Common Stock units at $18.56 per share via a stock-based deferral plan. This is coded as an acquisition (grant/award), not an open‑market purchase.
The award lifts his deferral-plan balance to 69,139.4863 shares and accompanies updated disclosures of indirect holdings across stock award programs, retirement plans, and a spouse account, plus 238,416 directly held shares. A large block of stock options remains outstanding, with exercise prices between $15.60 and $18.28 and expirations through 2036. Given the modest size and compensation nature, the filing is best viewed as routine rather than thesis‑changing.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 100.091 | $18.56 | $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 — 69,139.486 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 656,471 shares (Direct, null);
Common Stock — 238,416 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 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 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 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. 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 award: 100.091 shares
Award price: $18.56 per share
Deferral plan balance: 69,139.4863 shares
+4 more
7 metrics
Stock-based award
100.091 shares
Grant/award acquisition on April 17, 2026
Award price
$18.56 per share
Price for 100.091 Common Stock units
Deferral plan balance
69,139.4863 shares
Indirect holdings via Stock-Based Deferral Plan after award
Direct common shares
238,416 shares
Common Stock held directly after reported transactions
Option grant 1
91,477 shares at $18.28
Stock options exercisable into Common Stock, expiring March 2, 2036
Option grant 2
94,749 shares at $16.23
Stock options exercisable into Common Stock, expiring March 3, 2035
Largest option block
656,471 shares at $15.60
Stock options exercisable into Common Stock, expiring July 23, 2029
Key Terms
Stock-Based Deferral Plan, phantom stock, rabbi trust, 2019 Equity Incentive Plan, +1 more
5 terms
Stock-Based Deferral Plan financial
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based"
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
"phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained"
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.
2019 Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest"
performance-based vesting criteria financial
"remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which"
FAQ
What did Columbia Financial (CLBK) CEO Thomas J. Kemly report in this Form 4?
Thomas J. Kemly reported receiving a small stock-based award of 100.091 Columbia Financial Common Stock units at $18.56 per share. The award was made through a stock-based deferral plan and slightly increased his indirect holdings in that plan to 69,139.4863 shares.
What is the Columbia Bank Stock-Based Deferral Plan mentioned for CLBK?
The Columbia Bank Stock-Based Deferral Plan is a non-qualified stock-based deferral program where phantom stock is purchased on a non-discretionary basis by a rabbi trust. Stock unit interests under this plan will be settled in actual Columbia Financial shares when they are distributed to the reporting person.
What stock option positions for Columbia Financial (CLBK) are disclosed for the CEO?
The filing shows several option grants over Columbia Financial Common Stock, including 656,471 options at a $15.60 exercise price expiring in 2029 and additional grants at $15.94, $16.49, $16.23, and $18.28 with expirations from 2033 through 2036, all held directly.
Is the reported CLBK Form 4 a buy or sell by the CEO?
The Form 4 does not show open-market buying or selling. It reports a grant or award acquisition of 100.091 shares at $18.56 through a stock-based deferral plan, along with updated holdings. There are no open-market purchase or sale transactions disclosed in this filing.
What indirect Columbia Financial (CLBK) holdings does the CEO report?
Kemly reports indirect holdings through multiple vehicles: Stock Award II–V programs, a spouse account, SIM and SERP arrangements, an ESOP, a 401(k), and the Stock-Based Deferral Plan. Balances range from 5,933 shares by spouse to 54,690 shares in Stock Award IV and 69,139.4863 shares in the deferral plan.