Columbia Financial CEO adds dividend plan shares
Rhea-AI Filing Summary
Columbia Financial, Inc. (CLBK) reported that President & CEO Thomas J. Kemly indirectly acquired additional common stock on August 26, 2026 through exempt awards. He received 661.183 phantom-stock dividend units under a stock-based deferral plan and 392 dividend shares under the Savings Income Maintenance Plan, both referenced at $11.62 per share, increasing indirect plan holdings. The filing also lists his existing direct and indirect common stock and stock option positions, including multiple option grants under the 2019 Equity Incentive Plan with exercise prices between $7.10 and $8.31 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,053.183 shares
Net Buy
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 661.183 | $11.62 | $8K |
| Grant/Award | Common Stock F2 | 392 | $11.62 | $5K |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F7 | -- | -- | -- |
| holding | Stock Options (right to buy) F8 | -- | -- | -- |
| holding | Stock Options (right to buy) F9 | -- | -- | -- |
| holding | Stock Options (right to buy) F10 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 154,477.5871 shares (Indirect, By Stock-Based Deferral Plan);
Common Stock — 91,850 shares (Indirect, By SIM);
Stock Options (right to buy) — 2,019,067 shares (Direct);
Common Stock — 588,391 shares (Direct);
Common Stock — 103,581 shares (Indirect, By 401(k));
Common Stock — 78,014 shares (Indirect, By SERP);
Common Stock — 19,198 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 (10)
- F1. Represents phantom stock dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan.
- F2. Represents dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Savings Income Maintenance Plan
- F3. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- F4. 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.
- F5. 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.
- F6. 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.
- F7. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- F8. 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.
- F9. 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.
- F10. 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 dividend units acquired: 661.1830 shares
Dividend shares acquired: 392.0000 shares
Reference price per share: $11.6200 per share
+5 more
8 metrics
Phantom-stock dividend units acquired
661.1830 shares
Phantom-stock dividends credited on August 26, 2026 under the Stock-Based Deferral Plan
Dividend shares acquired
392.0000 shares
Dividend shares credited on August 26, 2026 under the Savings Income Maintenance Plan
Reference price per share
$11.6200 per share
Price reported for both August 26, 2026 acquisition entries
Deferral Plan holdings after transaction
154,477.5871 shares
Indirect common stock units held via Stock-Based Deferral Plan after August 26, 2026
Savings Income Maintenance Plan holdings after transaction
91,850.0000 shares
Indirect common stock held via SIM after August 26, 2026 dividend credit
Direct common stock holdings
588,391.0000 shares
Directly held Columbia Financial common stock position reported as of August 26, 2026
Largest stock option position underlying shares
1,444,236.0000 shares
Underlying common shares for options at $7.10 exercise price expiring July 23, 2029
Range of option exercise prices
$7.10–$8.31 per share
Exercise prices for reported stock options under the 2019 Equity Incentive Plan
Key Terms
phantom stock, Rule 16b-3, Equity Incentive Plan, Stock Options (right to buy), +2 more
6 terms
phantom stock financial
"Represents phantom stock dividends which are exempt under Rule 16b-3"
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.
Rule 16b-3 regulatory
"dividends which are exempt under Rule 16b-3 in connection with"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Equity Incentive Plan financial
"Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Stock Options (right to buy) financial
"Stock Options (right to buy) granted pursuant to the Columbia Financial, Inc."
ESOP financial
"Common Stock indirectly owned By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
SERP financial
"Common Stock indirectly owned By SERP"
A Supplemental Executive Retirement Plan (SERP) is a company-funded benefit that promises extra retirement pay to selected senior executives beyond regular pension or savings plans. Think of it as a bespoke top-up savings account the employer guarantees for key leaders; it matters to investors because SERPs create future financial obligations, influence executive retention and pay incentives, and can signal how a company prioritizes management costs versus shareholder returns.
FAQ
What did CLBK CEO Thomas J. Kemly acquire in this Form 4 filing?
Thomas J. Kemly indirectly acquired 661.183 phantom-stock dividend units under a stock-based deferral plan and 392 dividend shares under the Savings Income Maintenance Plan on August 26, 2026, both reported at a reference price of $11.62 per Columbia Financial (CLBK) share.
What is the post-transaction balance in the CLBK Savings Income Maintenance Plan for the CEO?
Following the credited dividends of 392 shares on August 26, 2026, Thomas J. Kemly’s indirect holdings in Columbia Financial (CLBK) common stock through the Savings Income Maintenance Plan total 91,850 shares.
What stock option positions for CLBK are reported for the CEO in this Form 4?
The filing lists several Columbia Financial (CLBK) stock option positions held by Thomas J. Kemly, with exercise prices of $7.10, $7.25, $7.50, $7.38, and $8.31 per share and underlying share amounts ranging from 81,769 to 1,444,236.
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