CLBK Form 4: CEO Kemly Thomas J. buys 119.06 units at $15.01
Kemly Thomas J., President & CEO and a director of Columbia Financial, Inc. (CLBK), filed a Form 4 reporting insider transactions dated 09/05/2025.
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 | 119.0626 | $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 (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
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What transaction did Kemly Thomas J. report on Form 4 for CLBK?
How many stock options does the filing show for the reporting person?
Does the Form 4 show any dispositions by the reporting person?
Are any equity awards performance‑based or time‑vesting?
Who signed the Form 4 filing?
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