Columbia Financial CEO acquires 163 plan shares
The Columbia Bank rabbi-trust trustee purchases phantom stock on a non-discretionary basis, and plan interests settle in shares upon distribution.
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Form Type
4
Rhea-AI Filing Summary
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported an acquisition of 163 shares through the Columbia Bank Stock-Based Deferral Plan on October 2, 2026, at $11.4100 per share. His reported resulting position through the plan was 154,960 shares. The phantom stock is purchased non-discretionarily by the Bank’s rabbi-trust trustee, and plan interests settle in shares upon distribution.
As of October 2, 2026, Kemly also reported direct stock options over 1,444,236 common shares with a $7.1000 exercise price, expiring July 23, 2029, along with four other option tranches.
Insider Trade Summary
Grant/Award: 162.8125 shares
Grant/Award
15 txns
Insider
Kemly Thomas J.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 162.8125 | $11.41 | $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 — 154,959.5991 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)
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
Shares acquired through deferral plan: 163 shares
Reported price per share: $11.4100 per share
Resulting deferral-plan position: 154,960 shares
+3 more
6 metrics
Shares acquired through deferral plan
163 shares
October 2, 2026
Reported price per share
$11.4100 per share
Deferral-plan acquisition on October 2, 2026
Resulting deferral-plan position
154,960 shares
Reported after the October 2, 2026 transaction
Direct common stock holdings
588,391 shares
Reported as of October 2, 2026
Shares underlying direct stock options
1,444,236 shares
Options with a $7.1000 exercise price, expiring July 23, 2029
Stock option exercise price
$7.1000 per share
Direct options expiring July 23, 2029
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, on a non-discretionary basis"
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
"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
"a non-qualified stock-based deferral plan"
performance-based vesting criteria financial
"achievement of certain specified performance-based vesting criteria"
fully vested and exercisable financial
"Stock Options ... are fully vested and exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What CLBK stock options did Thomas J. Kemly report holding?
As of October 2, 2026, Kemly reported direct options over 1,444,236 shares at a $7.1000 exercise price, expiring July 23, 2029; 83,366 shares at $7.2500, expiring May 1, 2033; 81,769 shares at $7.5000, expiring March 6, 2034; 208,447 shares at $7.3800, expiring March 3, 2035; and 201,249 shares at $8.3100, expiring March 2, 2036.
AI-generated analysis. How Rhea-AI works. Not financial advice.
