Kemly Thomas J. 4
4 · Columbia Financial, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) CEO Kemly Thomas Receives Stock Award
What Happened Kemly Thomas J., President & CEO and Director of Columbia Financial, received 107.943 stock units (reported as an acquisition/award) on March 20, 2026 at a per-share value of $17.21, a total reported value of ~$1,858. The units were purchased on a non‑discretionary basis by the trustee of a rabbi trust under the Columbia Bank Stock Based Deferral Plan; they represent phantom/stock unit interests that will be settled in shares upon distribution.
Key Details
- Transaction date: 2026-03-20 (Period of Report). Form filed: 2026-03-24 (filed within the 2-business-day Form 4 deadline).
- Shares/units acquired: 107.943 at $17.21 per unit; total value ≈ $1,858.
- Shares owned after transaction: not specified in the provided excerpt.
- Relevant footnotes: F1 — units are phantom stock purchased into a rabbi trust and will be settled in shares upon distribution; F2 — treated as an exempt acquisition under Rule 16b-3(c).
- Transaction type code: A = Award/Grant (acquisition), not an open-market trade or option exercise.
Context This was a deferred-compensation style award (phantom stock units held in a rabbi trust), not an immediate open-market buy or sale. Such awards increase reported beneficial ownership when acquired but are typically part of executive compensation and will convert to actual shares only upon distribution per the plan terms.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-20$17.21/sh+107.943$1,858→ 68,934.737 total(indirect: By Stock-Based Deferral Plan)
- 233,808
Common Stock
- 40,946(indirect: By 401(k))
Common Stock
- 8,689(indirect: By ESOP)
Common Stock
[F2] - 35,309(indirect: By SERP)
Common Stock
[F2] - 41,572(indirect: By SIM)
Common Stock
- 5,933(indirect: By Spouse)
Common Stock
- 43,411(indirect: By Stock Award II)
Common Stock
[F3] - 50,686(indirect: By Stock Award III)
Common Stock
[F4] - 54,690(indirect: By Stock Award IV)
Common Stock
[F5] - 53,842(indirect: By Stock Award V)
Common Stock
[F6] - 656,471
Stock Options (right to buy)
[F7]Exercise: $15.60From: 2020-07-23Exp: 2029-07-23→ Common Stock (656,471 underlying) - 37,894
Stock Options (right to buy)
[F8]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (37,894 underlying) - 37,168
Stock Options (right to buy)
[F9]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (37,168 underlying) - 94,749
Stock Options (right to buy)
[F10]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (94,749 underlying) - 91,477
Stock Options (right to buy)
[F11]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (91,477 underlying)
Footnotes (11)
- [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.
- [F10]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.
- [F11]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.
- [F2]This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- [F3]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 May 1, 2024; 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.
- [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 May 1, 2024.
- [F9]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.