Columbia Financial CEO acquires 168 stock units
Separate direct stock-option positions span exercise prices from $7.10 to $8.31, with expirations from July 23, 2029, through March 2, 2036.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported an acquisition of 168 shares of phantom stock for President & CEO Thomas J. Kemly on October 30, 2026, at $11.04 per share. The trustee of the Bank’s rabbi trust purchased the phantom stock on a nondiscretionary basis under the Columbia Bank Stock Based Deferral Plan. The reported plan position after the transaction was 155,302 shares; stock-unit interests are settled in shares upon distribution to Kemly. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Grant/Award: 168.269 shares
Grant/Award
1 txn
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 168.269 | $11.04 | $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 — 155,301.9721 shares (Indirect, By Stock-Based Deferral Plan);
Stock Options (right to buy) — 2,019,067 contracts (Direct);
Common Stock — 588,391 shares (Direct);
Common Stock — 103,581 shares (Indirect, By 401(k));
Common Stock — 91,850 shares (Indirect, By SIM);
Common Stock — 19,198 shares (Indirect, By ESOP);
Common Stock — 78,014 shares (Indirect, By SERP);
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)
Holdings Before and After:
Common Stock, 155,133.7031 to 155,301.9721 shares (Indirect, By Stock-Based Deferral Plan)
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 acquired: 168 shares
Phantom stock acquisition price: $11.04 per share
Stock Based Deferral Plan position after transaction: 155,302 shares
+5 more
8 metrics
Phantom stock acquired
168 shares
October 30, 2026
Phantom stock acquisition price
$11.04 per share
October 30, 2026
Stock Based Deferral Plan position after transaction
155,302 shares
October 30, 2026
Direct stock options expiring July 23, 2029
1,444,236 underlying shares; $7.10 exercise price
October 30, 2026
Direct stock options expiring May 1, 2033
83,366 underlying shares; $7.25 exercise price
October 30, 2026
Direct stock options expiring March 6, 2034
81,769 underlying shares; $7.50 exercise price
October 30, 2026
Direct stock options expiring March 3, 2035
208,447 underlying shares; $7.38 exercise price
October 30, 2026
Direct stock options expiring March 2, 2036
201,249 underlying shares; $8.31 exercise price
October 30, 2026
Key Terms
phantom stock, rabbi trust, non-qualified stock-based deferral plan, performance-based vesting criteria, +1 more
5 terms
phantom stock financial
"Represents phantom stock purchased"
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
"trustee of the Bank's rabbi trust maintained"
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
"a non-qualified stock-based deferral plan"
performance-based vesting criteria financial
"specified performance-based vesting criteria"
fully vested and exercisable financial
"are fully vested and exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When are CLBK deferral-plan phantom stock units settled?
The Columbia Bank Stock Based Deferral Plan’s stock-unit interests are settled in shares of stock upon distribution to Thomas J. Kemly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
