Columbia Financial CEO gets stock deferral grant
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a routine compensation-related share award rather than a market trade.
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a routine compensation-related share award rather than a market trade. On June 26, 2026, 89.0552 shares of Common Stock, valued at $20.86 per share, were credited to his holdings through the Columbia Bank Stock-Based Deferral Plan as phantom stock units.
Following this acquisition, indirect holdings under the stock-based deferral plan totaled 69,601.9984 shares. The filing also lists Kemly’s existing direct ownership of 249,269 shares of Common Stock and several blocks of stock options with exercise prices between $15.60 and $18.28 per share that vest over future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 89.0552 shares
Grant/Award
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 89.0552 | $20.86 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,601.9984 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 917,759 contracts (Direct);
Common Stock — 249,269 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 — 46,078 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 (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 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.
- F3. 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.
- 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 2, 2029.
- 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 March 6, 2025.
- F7. 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.
- F8. 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
Phantom stock units granted: 89.0552 shares at $20.86
Indirect deferral plan holdings: 69,601.9984 shares
Direct common stock holdings: 249,269 shares
+3 more
6 metrics
Phantom stock units granted
89.0552 shares at $20.86
Grant under stock-based deferral plan on June 26, 2026
Indirect deferral plan holdings
69,601.9984 shares
Total stock-based deferral plan units after grant
Direct common stock holdings
249,269 shares
Common Stock held directly by CEO after reported entries
Largest option block
656,471 shares at $15.60
Stock options exercisable into Common Stock, expiration July 23, 2029
Option grant at $18.28
91,477 underlying shares
Stock options with $18.28 exercise price, expiration March 2, 2036
Option grant at $16.23
94,749 underlying shares
Stock options with $16.23 exercise price, expiration March 3, 2035
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Options (right to buy), +1 more
5 terms
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
"purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection"
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.
non-qualified stock-based deferral plan financial
"maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
Stock Options (right to buy) financial
"security_title": "Stock Options (right to buy)""
2019 Equity Incentive Plan financial
"Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Columbia Financial (CLBK) report for Thomas J. Kemly?
Columbia Financial reported a small compensation-related share award for CEO Thomas J. Kemly. He acquired 89.0552 phantom stock units at $20.86 each under a stock-based deferral plan, increasing his indirect holdings associated with that plan to 69,601.9984 shares.
Was the CLBK Form 4 filing a stock purchase or sale by the CEO?
The Form 4 did not show an open-market purchase or sale by the CEO. It recorded a grant or award acquisition of 89.0552 phantom stock units through a non-qualified stock-based deferral plan, rather than a discretionary trade in Columbia Financial common shares.
What stock option positions for CLBK are reported for the CEO?
The filing lists multiple stock option grants for the CEO with exercise prices between $15.60 and $18.28 per share. Underlying share amounts include 656,471 shares at $15.60, 94,749 shares at $16.23, and smaller blocks expiring between 2029 and 2036.
How does Columbia Financial’s stock-based deferral plan work for the CEO?
The stock-based deferral plan credits the CEO with phantom stock units held in a rabbi trust. These units track Columbia Financial’s common stock and will be settled in shares upon distribution to the reporting person, aligning long-term compensation with the company’s share performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
