Columbia Financial (CLBK) CEO adds to deferred stock-based holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a compensation-related stock acquisition rather than a market trade. On 2026-05-29, he acquired 92.2847 shares of Columbia Financial common stock at $20.13 per share through a stock-based deferral plan, held as phantom stock units. Following this award, his indirect holdings in that deferral plan total 69,423.1998 stock-based units.
The Form 4 also updates various indirect holdings, including shares held through stock award programs, retirement and benefit plans, and by spouse, as well as a direct holding of 249,269 common shares. In addition, Kemly holds several grants of employee stock options with exercise prices between $15.60 and $18.28 per share and expiration dates ranging from 2029 to 2036, providing the right to purchase underlying common shares if exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 92.285 | $20.13 | $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 — 69,423.2 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 656,471 shares (Direct, null);
Common Stock — 249,269 shares (Direct, null)
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 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 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. 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 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. 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
Stock-based deferral award: 92.2847 shares at $20.13
Deferred units after award: 69,423.1998 units
Direct common stock holding: 249,269 shares
+5 more
8 metrics
Stock-based deferral award
92.2847 shares at $20.13
Phantom stock units acquired 2026-05-29
Deferred units after award
69,423.1998 units
Stock-Based Deferral Plan balance after acquisition
Direct common stock holding
249,269 shares
Direct ownership of Columbia Financial common stock
Largest option grant
656,471 shares at $15.60
Stock options, exercisable through 2029-07-23
Option grant at $18.28
91,477 underlying shares
Stock options expiring 2036-03-02
Option grant at $16.23
94,749 underlying shares
Stock options expiring 2035-03-03
Option grant at $16.49
37,168 underlying shares
Stock options expiring 2034-03-06
Option grant at $15.94
37,894 underlying shares
Stock options expiring 2033-05-01
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, Stock Options (right to buy, +2 more
6 terms
phantom stock financial
"Represents phantom stock purchased, on a non-discretionary basis, by the trustee"
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"
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
"Stock Options (right to buy) with underlying Common Stock and exercise prices"
performance-based vesting criteria financial
"which vest upon achievement of certain specified performance-based vesting criteria"
2019 Equity Incentive Plan financial
"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"
FAQ
What insider transaction did CLBK CEO Thomas J. Kemly report?
Thomas J. Kemly reported receiving 92.2847 Columbia Financial common shares through a stock-based deferral plan. This was a compensation-related award recorded at $20.13 per share, not an open-market purchase or sale, and increased his deferred stock-based units.
How many deferred stock units does the CLBK CEO hold after this Form 4?
After the reported award, Thomas J. Kemly holds 69,423.1998 Columbia Financial stock-based units through a stock-based deferral plan. These are phantom stock interests that will be settled in actual shares of common stock when distributed to him in the future.
Does the CLBK Form 4 show any insider buying or selling in the market?
The Form 4 does not show open-market buying or selling. It records one acquisition of 92.2847 shares via a stock-based deferral plan and several holding entries updating existing indirect and direct positions, so net open-market trading activity is neutral in this filing.
What stock options does the CLBK CEO hold according to this filing?
The filing lists several stock option grants with exercise prices between $15.60 and $18.28 per share. Underlying share amounts include 656,471, 94,749, 91,477, 37,894, and 37,168 shares, with expiration dates from 2029 through 2036, all tied to Columbia common stock.
Are the CLBK CEO’s stock options vested according to the Form 4 footnotes?
One footnote states certain stock options are fully vested and exercisable, while others vest in three approximately equal annual installments starting on specific future dates. Vesting schedules run from 2025 through 2027 under the 2019 Equity Incentive Plan.