Columbia Financial insider files Form 4 showing option holdings and share moves
Rhea-AI Filing Summary
Kemly Thomas J., President & CEO and a director of Columbia Financial, Inc. (CLBK), filed a Form 4 reporting insider transactions dated 09/05/2025. The filing shows an acquisition of 119.0626 common stock units at $15.01 under the Columbia Bank Stock Based Deferral Plan. The report also lists multiple direct and indirect beneficial holdings, including several stock option positions exercisable into common stock: 656,471, 37,894, 37,168, and 94,749 options with strikes of $15.60, $15.94, $16.49 and $16.23 respectively. The form is signed by Dennis E. Gibney, as power of attorney.
Positive
- Acquired 119.0626 common stock units at $15.01 under the Stock Based Deferral Plan
- Substantial stock option positions identified, including 656,471 exercisable options, indicating long-term executive equity alignment
- Multiple equity award types listed (deferral plan, 401(k), ESOP, SERP, stock awards) showing diversified compensation sources
Negative
- Reported disposition of 233,808 common shares (listed as 'D' in the filing)
Insights
TL;DR: Insider filed a routine Form 4 showing a small acquisition under a deferral plan and sizable outstanding option holdings.
The filing documents a purchase under a non-qualified stock-based deferral plan and enumerates the holder's significant option positions. This is consistent with executive compensation and long-term retention structures used by public banks. The presence of exercisable options and performance-based awards demonstrates multi-year incentive alignment without revealing any corporate governance changes.
TL;DR: Transaction details reflect routine compensation settlement and existing long-term equity incentives.
Details show a $15.01 unit purchase and multiple option tranches with strikes between $15.60 and $16.49, several of which vest over multi-year schedules or are performance-conditioned. The scale of exercisable options (notably 656,471 shares) is material to the officer's equity exposure and future dilution, and the filing also records a reported disposition line of 233,808 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 119.063 | $15.01 | $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.
