CLBK Form 4: CEO Kemly Thomas J. Reports Stock Acquisition, Option Holdings
Kemly Thomas J., President & CEO and a director of Columbia Financial, Inc. (CLBK), reported transactions on 08/22/2025.
Rhea-AI Filing Summary
Kemly Thomas J., President & CEO and a director of Columbia Financial, Inc. (CLBK), reported transactions on 08/22/2025. The filing shows an acquisition coded A of 116.4254 units at a price of $15.35 under the Columbia Bank Stock Based Deferral Plan, which will be settled in shares on distribution. The report lists multiple categories of beneficial ownership including units held in a 401(k), ESOP, SERP, SIM, spouse, and several stock awards, totaling indictive owned amounts by category (for example 233,808 shares disposed, and indirect holdings such as 65,436.603 shares by the Stock-Based Deferral Plan). The filer also discloses outstanding stock options at various strike prices ($15.60, $15.94, $16.49, $16.23) with exercise/expiration schedules and sizeable option quantities (for example 656,471 options exercisable at $15.60).
Positive
- CEO acquisition reported: 116.4254 units purchased at $15.35 under the Stock Based Deferral Plan, indicating continued managerial equity participation
- Detailed disclosure of incentive structure: Multiple stock awards and options with specified vesting schedules and exercise prices enhance transparency about executive compensation
Negative
- None.
Insights
TL;DR: CEO reported a small purchase via a deferral plan and discloses substantial outstanding option positions.
The Form 4 shows an acquisition on 08/22/2025 of 116.4254 units at $15.35 under a non-qualified stock-based deferral plan that will be settled in shares. The filing details multiple indirect holdings across retirement and compensation vehicles and large option grants/exercises outstanding with strikes between $15.60 and $16.49 and multi-year vesting/expiration schedules. These disclosures clarify managerial equity exposure and option dilution potential but do not provide company-level financial metrics.
TL;DR: The report documents standard executive compensation settlement and long-dated option grants tied to multi-year vesting and performance criteria.
The filing includes explanations that certain stock awards vest based on time and performance conditions and that phantom units in a rabbi trust will convert to shares upon distribution. Several option grants vest in staggered installments with expirations through 2035, indicating long-term incentive alignment. The disclosure is thorough on award mechanics but contains no new operational or financial developments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 116.4254 | $15.35 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CLBK insider Kemly Thomas J. acquire on 08/22/2025?
How many stock options does the CLBK reporting person hold and at what strikes?
Are any stock awards subject to performance-based vesting in the CLBK Form 4?
Does the Form 4 indicate indirect holdings for the reporting person at CLBK?
When do the disclosed stock options expire?
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