Columbia Financial, Inc. filings document material events for the holding company of Columbia Bank, including furnished earnings releases, Regulation FD presentation materials, governance updates and capital-structure disclosures. Recent 8-K filings record operating and financial results, executive appointments, officer-designation matters and board succession disclosures involving the company and its wholly owned bank subsidiary.
The filing record also covers shareholder voting matters, material agreements and corporate-governance items that relate to Columbia Financial’s public-company reporting obligations. These disclosures connect the company’s banking operations with formal records on financial performance, management responsibilities, board composition and securities-related actions.
Columbia Financial, Inc. filed Amendment No. 1 to its Form 10‑K for the year ended December 31, 2025 to add the previously omitted Part III information and update the share count. The cover now reports 104,142,951 common shares outstanding as of April 27, 2026 and non‑affiliate equity market value of $354.6 million as of June 30, 2025.
The amendment details the board and executive team, including long‑tenured CEO Thomas J. Kemly, and notes two directors will not stand for re‑election while two banking executives are nominated for three‑year board terms. It describes the Code of Ethics, audit committee structure, insider‑trading and Section 16(a) compliance, and extensive use of independent advisors for compensation decisions.
Columbia explains its pay‑for‑performance philosophy for named executive officers, combining base salary, annual cash incentives under the Performance Achievement Incentive Program and equity under the 2019 Equity Plan. For 2025, corporate goals were based on core bank net income, core efficiency ratio and non‑performing assets, leading to PAIP payouts of about 83%–90% of target. A 2025 “say on pay” vote passed with 99.2% support, and the company outlines stock ownership guidelines, anti‑hedging and clawback policies, and overfunded pension and supplemental retirement arrangements.
Columbia Financial, Inc. approved new two-year employment agreements for five senior executives, effective April 1, 2026, with automatic one-year renewals each April 1 unless either party gives timely notice.
The agreements set 2026 base salaries of $700,000 for Dennis E. Gibney, $470,000 for Allyson Schlesinger, $445,000 for John Klimowich, $440,000 for Oliver E. Lewis, Jr., and $430,000 for Manesh Prabhu. Executives are eligible for annual Target Bonuses, long‑term equity awards under the company's LTIP and equity plan, and participation in standard benefit and expense reimbursement programs.
If employment is terminated without cause, each executive receives cash severance equal to two times base salary plus Target Bonus and continued health coverage support. If termination without cause or resignation for good reason occurs within 24 months after a change in control, cash severance increases to three times base salary plus Target Bonus, an additional prior‑year bonus amount, and a lump sum for 36 months of continued medical, vision, and dental coverage. The agreements also provide one‑times salary‑plus‑bonus payments upon death or disability and include 24‑month non‑competition and non‑solicitation covenants, perpetual confidentiality, and mutual non‑disparagement.
Columbia Financial, Inc. named Thomas F. Splaine, Jr., its Executive Vice President and Chief Financial Officer, as the company’s principal financial officer and principal accounting officer for U.S. Securities and Exchange Commission reporting matters, effective April 17, 2026.
The filing notes that Mr. Splaine had previously been appointed Executive Vice President and Chief Financial Officer effective January 28, 2026, following the promotion of Dennis E. Gibney to First Senior Executive Vice President and Chief Banking Officer. The report also includes a standard exhibit for the cover page interactive data file.
Columbia Financial, Inc. executive John Klimowich reported updated holdings and a small equity award. As SEVP & Chief Risk Officer, he indirectly acquired 36.8869 shares of Common Stock on a stock-based deferral plan at $18.56 per share, bringing that plan’s balance to 9,042.1358 shares. The filing also lists his other indirect Common Stock holdings across stock awards, retirement and benefit plans, and 61,464 directly held Common Stock shares. In addition, he holds several stock option grants on Common Stock with exercise prices between $15.60 and $18.28, expiring from 2029 to 2036, granted under the 2019 Equity Incentive Plan.
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported a small stock-based award under a deferral plan. On April 17, 2026, he acquired 100.091 shares of Common Stock at $18.56 per share indirectly through the Columbia Bank Stock-Based Deferral Plan.
This award increased his indirect holdings in that deferral plan to 69,139.4863 shares. The filing also updates indirect balances held through various stock award programs, retirement and benefit plans, and shows he directly holds 238,416 Common shares plus several option grants over Columbia Financial stock at exercise prices between $15.60 and $18.28 per share.
Columbia Financial, Inc. reported stronger first quarter results, with net income rising to $13.1 million, or $0.13 per share, for the three months ended March 31, 2026, up from $8.9 million, or $0.09 per share, a year earlier. Performance improved mainly due to a $10.1 million increase in net interest income, a lower provision for credit losses, and an expanded net interest margin of 2.42% versus 2.11% in the prior-year quarter. Non-interest income declined and expenses rose, including $1.8 million of merger-related costs, while the effective tax rate increased. Credit quality remained solid with net recoveries of $604,000, although non-performing loans increased to $41.4 million, or 0.50% of total gross loans. Total assets were stable at about $11.0 billion, deposits declined modestly, and borrowings increased. Management highlighted a previously announced second-step conversion and a planned merger with Northfield Bancorp, Inc., which are intended to expand the franchise and remain subject to regulatory, stockholder and member approvals.
Torres Daria Stacy-Walls reported acquisition or exercise transactions in this Form 4 filing.
Columbia Financial, Inc. director Daria Stacy-Walls reported a stock-based compensation grant rather than an open-market trade. On the Columbia Bank Stock Based Deferral Plan, a trustee purchased 274.6479 phantom stock units at $17.75 per unit on a non-discretionary basis. These stock unit interests will be settled in shares upon future distribution to her. Following this transaction, she holds 28,598.5752 common shares indirectly through the deferral plan and 11,255 common shares directly, plus 2,952 indirect Stock Awards that vest on March 12, 2027.
Columbia Financial, Inc. President & CEO Thomas J. Kemly received a grant of 104.6586 shares of common stock at $17.75 per share through a stock-based deferral plan, recorded as phantom stock units to be settled in shares. Following this grant, his indirect holdings under the stock-based deferral plan total 69,039.3953 units. The filing also lists substantial stock option holdings on Columbia Financial common stock with exercise prices between $15.60 and $18.28 and expirations from 2029 to 2036, reflecting ongoing equity-based compensation rather than open‑market buying or selling.
Columbia Financial, Inc. director Noel R. Holland reported an automatic stock-based award linked to the company’s deferral plan. Holland acquired 9.6011 phantom stock units of common stock at $17.75 per unit through the Columbia Bank Stock Based Deferral Plan.
After this grant, Holland holds 10,039.9776 units in the deferral plan, which will be settled in shares of stock upon distribution. The filing also shows 36,726 shares of common stock held directly, 46,280 shares held via a SEP-IRA, and 2,952 shares from a stock award, plus fully vested options covering 83,294 shares at a $15.60 exercise price expiring on July 23, 2029.
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, acquired 38.5701 phantom stock units of Common Stock on April 6, 2026 at $17.75 per unit through the Columbia Bank Stock Based Deferral Plan. These stock unit interests will be settled in shares upon distribution to him, bringing his balance in this stock-based deferral arrangement to 9,005.2489 units held indirectly.
The filing also lists his existing equity exposure, including directly held Common Stock and several grants of fully vested and time- or performance-vested Stock Options under the 2019 Equity Incentive Plan, such as options over 188,235 underlying shares at an exercise price of $15.60 expiring on July 23, 2029.