Columbia Financial CEO granted 158-share award
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported that President & CEO Thomas J. Kemly received an award of 157.5649 shares of Common Stock on August 21, 2026 under a stock-based deferral plan, at a reference value of $11.79 per share. These are held indirectly through the Columbia Bank Stock Based Deferral Plan as phantom stock settled in shares, bringing that indirect plan-related holding to 153,816.4041 shares. The filing also lists Kemly’s existing direct and indirect Common Stock holdings and several outstanding stock option grants with exercise prices between $7.10 and $8.31 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 157.5649 shares
Net Buy
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 157.5649 | $11.79 | $2K |
| holding | Stock Options (right to buy) F5 | -- | -- | -- |
| holding | Stock Options (right to buy) F5 | -- | -- | -- |
| holding | Stock Options (right to buy) F6 | -- | -- | -- |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 153,816.4041 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 2,019,067 shares (Direct);
Common Stock — 588,391 shares (Direct);
Common Stock — 103,138 shares (Indirect, By 401(k));
Common Stock — 77,679 shares (Indirect, By SERP);
Common Stock — 91,458 shares (Indirect, By SIM);
Common Stock — 19,117 shares (Indirect, By ESOP);
Common Stock — 13,052 shares (Indirect, By Spouse);
Common Stock — 101,371 shares (Indirect, By Stock Award III);
Common Stock — 120,318 shares (Indirect, By Stock Award IV);
Common Stock — 118,452 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
Awarded Common Stock: 157.5649 shares
Award Reference Price: $11.79 per share
Deferral Plan Holdings After Transaction: 153,816.4041 shares
+5 more
8 metrics
Awarded Common Stock
157.5649 shares
Grant/award acquisition on August 21, 2026 under stock-based deferral plan
Award Reference Price
$11.79 per share
Value for phantom stock units purchased for deferral plan
Deferral Plan Holdings After Transaction
153,816.4041 shares
Indirect Common Stock via Columbia Bank Stock Based Deferral Plan
Direct Common Stock Holdings
588,391.0000 shares
Direct ownership of Common Stock as of August 21, 2026
Stock Options Exercise Price
$7.10 per share
Fully vested options expiring July 23, 2029; 1,444,236 underlying shares
Stock Options Exercise Price
$8.31 per share
Options expiring March 2, 2036; 201,249 underlying shares
Indirect 401(k) Holdings
103,138.0000 shares
Common Stock held indirectly through 401(k)
Indirect ESOP Holdings
19,117.0000 shares
Common Stock held indirectly through ESOP
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"
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
"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
"Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan"
Stock Options (right to buy financial
"Stock Options (right to buy) granted pursuant to the Columbia Financial, Inc."
performance-based vesting criteria financial
"vest upon achievement of certain specified performance-based vesting criteria"
FAQ
What did CLBK President & CEO Thomas J. Kemly report on this Form 4?
Thomas J. Kemly reported an acquisition of 157.5649 shares of Columbia Financial, Inc. Common Stock on August 21, 2026, as a grant under a stock-based deferral plan, held as phantom stock to be settled in shares upon distribution.
At what value was the new CLBK stock-based deferral award recorded?
The new award for Thomas J. Kemly under the stock-based deferral plan was recorded at a reference value of $11.79 per share for 157.5649 shares of Columbia Financial, Inc. Common Stock.
What direct Common Stock holdings of CLBK does Thomas J. Kemly report?
The Form 4 states that Thomas J. Kemly directly holds 588,391 shares of Columbia Financial, Inc. Common Stock as of August 21, 2026, in addition to various indirect holdings through plans and awards.
Are Thomas J. Kemly’s CLBK stock options vested according to this filing?
Some options are already fully vested and exercisable, while others vest in three approximately equal annual installments starting on specific dates such as March 6, 2025, March 3, 2026, and March 2, 2027, as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
