Columbia Financial CEO gets stock deferral award
Columbia Financial, Inc. President & CEO Thomas J. Kemly acquired 1,800.2632 shares of Common Stock on March 13, 2026 at $17.48 per share through a stock-based deferral plan.
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly acquired 1,800.2632 shares of Common Stock on March 13, 2026 at $17.48 per share through a stock-based deferral plan. These are phantom stock units held indirectly in a rabbi trust and will be settled in shares upon distribution to him.
Following this transaction, his indirect holdings in the stock-based deferral plan total 68,826.7942 shares. The filing also lists multiple outstanding stock option grants on Common Stock with exercise prices between $15.60 and $18.28 and expiration dates from 2029 through 2036, showing significant remaining equity-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,800.2632 shares
Grant/Award
16 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,800.2632 | $17.48 | $31K |
| 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 — 68,826.7942 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 917,759 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);
Common Stock — 53,842 shares (Indirect, By Stock Award V)
Footnotes (10)
- 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 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.
- F6. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Columbia Financial (CLBK) disclose in this Form 4 for its CEO?
Columbia Financial reported a stock-based award for its CEO. President & CEO Thomas J. Kemly acquired 1,800.2632 phantom stock units at $17.48 per share through a stock-based deferral plan, increasing his indirect deferral-plan holdings to 68,826.7942 shares.
Was the CLBK CEO’s March 13, 2026 Form 4 transaction an open-market purchase?
The reported CLBK CEO transaction was not an open-market buy. It reflects a grant of 1,800.2632 phantom stock units purchased on a non-discretionary basis by the plan trustee under a stock-based deferral plan, rather than a voluntary market purchase by the CEO.
What are the key terms of Thomas Kemly’s stock options at Columbia Financial?
The CLBK CEO holds several stock option grants on Common Stock. Exercise prices range from $15.60 to $18.28 per share, with expiration dates from July 23, 2029 through March 2, 2036, reflecting long-dated equity incentives tied to Columbia Financial’s share performance.
How does Columbia Financial’s stock-based deferral plan work for the CEO?
The CLBK deferral plan uses phantom stock units held in a rabbi trust. Units are purchased on a non-discretionary basis by the trustee and tracked as stock equivalents. According to the filing, these stock unit interests will be settled in actual shares upon distribution to the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
