Columbia Financial CEO gets stock deferral award
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a compensation-related stock award rather than an open-market trade.
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a compensation-related stock award rather than an open-market trade. On March 20, 2026, a trustee for the Columbia Bank Stock Based Deferral Plan acquired 107.9425 phantom stock units at $17.21 per unit on a non-discretionary basis for his account. This increased his indirect beneficial interest in that plan to 68,934.7367 stock unit interests, which will be settled in shares upon distribution. The filing also lists multiple outstanding stock option grants under the 2019 Equity Incentive Plan, with exercise prices between $15.60 and $18.28 and expirations from 2029 through 2036, some fully vested and others vesting in annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 107.9425 shares
Grant/Award
16 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 107.9425 | $17.21 | $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 — 68,934.7367 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 — 8,689 shares (Indirect, By ESOP);
Common Stock — 35,309 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 (11)
- 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. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- 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 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.
- F4. 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.
- 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 3, 2028.
- F6. 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.
- F7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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 insider activity did Columbia Financial (CLBK) report for CEO Thomas J. Kemly?
Columbia Financial CEO Thomas J. Kemly reported a compensation-related stock award, not an open-market trade. A trustee acquired 107.9425 phantom stock units for his account under a stock-based deferral plan, increasing his indirect beneficial interest in that plan.
How many Columbia Financial stock units did the CEO acquire in the deferral plan?
The CEO had 107.9425 phantom stock units acquired on his behalf at $17.21 per unit through the Columbia Bank Stock Based Deferral Plan. After this non-discretionary acquisition, his indirect interest in that plan rose to 68,934.7367 stock unit interests.
Were the Columbia Financial (CLBK) CEO’s Form 4 transactions open-market purchases?
No, the Form 4 shows an exempt acquisition under Rule 16b-3(c) via a stock-based deferral plan, not an open-market purchase. A trustee made the non-discretionary phantom stock acquisition in a rabbi trust maintained for the Columbia Bank Stock Based Deferral Plan.
How are Columbia Financial stock-based deferral plan units settled for the CEO?
Phantom stock units in the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person. The units are held in a rabbi trust, and acquisitions are made on a non-discretionary basis by the trustee.
What vesting features apply to the Columbia Financial equity awards mentioned?
Stock awards and options under the 2019 Equity Incentive Plan include time-based vesting in three roughly equal annual installments and significant performance-based vesting criteria. Some options are already fully vested and exercisable, while others begin vesting on specified future dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
