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Columbia Financial Executive Compensation (FY24)

CLBK · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024
◇
Thomas Kemly
Latest say-on-pay support
=
June 25, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): June 25, 2026
6 filings cited on this page
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Columbia Financial brief$1,500Get the executive brief
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309 figures on this page: 304 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Thomas Kemly: $3,695,655 → $2,759,021 (25.3% lower)
Say-on-pay support: 99.2% → 99.1% (0.1 points lower)
CEO pay ratio: 39:1 → 27.1:1 (30.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Columbia Financial's chief executive and what were they paid?
Total compensation for Thomas Kemly, President and Chief Executive Officer, came to $2,759,021 in fiscal 2024. Compared with the $3,695,655 reported for fiscal 2023, Kemly's total was 25.3% lower.
What was Columbia Financial's say-on-pay result?
The say-on-pay proposal drew 99.1% of votes cast for or against in favor at the meeting held June 25, 2026 for fiscal 2025.
Which companies are in Columbia Financial's peer group?
The disclosed peer group names Atlantic Union Bankshares Corp., Berkshire Hills Bancorp, Inc., Brookline Bancorp, Inc., Community Financial System, Inc. and ConnectOne Bancorp, Inc., among others.
What is Columbia Financial's chief executive pay ratio?
For fiscal 2024, the company reported a chief executive pay ratio of 27.1:1, against median employee compensation of $101,757.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Kemly
President and Chief Executive Officer
◇———◇—◇◇
E. Thomas Allen
SEVP, Chief Operating Officer
◇———◇—◇◇
Dennis Gibney
SEVP, Chief Financial Officer
◇———◇—◇◇
Allyson Schlesinger
SEVP, Head of Consumer Banking
◇———◇—◇◇
John Klimowich
SEVP, Chief Risk Officer
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Kemly
President and Chief Executive Officer
◇—◇◇◇◇◇◇
E. Thomas Allen
SEVP, Chief Operating Officer
◇—◇◇◇◇◇◇
John Klimowich
SEVP, Chief Risk Officer
◇—◇◇◇◇◇◇
Dennis Gibney
SEVP, Chief Financial Officer
◇—◇◇◇◇◇◇
Allyson Schlesinger
SEVP, Head of Consumer Banking
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Kemly
President and Chief Executive Officer
◇—◇◇◇◇◇◇
E. Thomas Allen
SEVP, Chief Operating Officer
◇—◇◇◇◇◇◇
Dennis Gibney
SEVP, Chief Financial Officer
◇—◇◇◇◇◇◇
Allyson Schlesinger
SEVP, Head of Consumer Banking
◇—◇◇◇◇◇◇
John Klimowich
SEVP, Chief Risk Officer
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Allyson SchlesingerPSU◇◇◇—◇—◇
Allyson SchlesingerRSU◇——◇——◇
Allyson SchlesingerOPTION◇——◇—◇◇
Dennis E. GibneyPSU◇◇◇—◇—◇
Dennis E. GibneyRSU◇——◇——◇
Dennis E. GibneyOPTION◇——◇—◇◇
E. Thomas AllenPSU◇◇◇—◇—◇
E. Thomas AllenRSU◇——◇——◇
E. Thomas AllenOPTION◇——◇—◇◇
John J. KlimowichRSU◇——◇——◇
John J. KlimowichOPTION◇——◇—◇◇
John J. KlimowichPSU◇◇◇—◇—◇
PAIP Allyson SchlesingerRSU◇——◇——◇
PAIP Dennis E. GibneyRSU◇——◇——◇
PAIP John J. KlimowichRSU◇——◇——◇
Thomas J. KemlyPSU◇◇◇—◇—◇
Thomas J. KemlyRSU◇——◇——◇
Thomas J. KemlyOPTION◇——◇—◇◇
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Dennis GibneyOption◇—◇03/06/2034
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇05/01/2033
Allyson SchlesingerRSU◇◇——
PSU◇◇——
Option◇—◇05/01/2033
PSU◇◇——
RSU◇◇——
Option◇—◇03/06/2034
Thomas KemlyOption◇—◇03/06/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇05/01/2033
E. Thomas AllenRSU◇◇——
Option◇—◇05/01/2033
PSU◇◇——
Option◇—◇03/06/2034
PSU◇◇——
RSU◇◇——
John KlimowichRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇03/06/2034
Option◇—◇05/01/2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Allyson Schlesinger
SEVP, Head of Consumer Banking · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Dennis Gibney
SEVP, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
E. Thomas Allen
SEVP, Chief Operating Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
John Klimowich
SEVP, Chief Risk Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Thomas Kemly
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Noel R. Holland
Board chair
◇◇———◇◇
Michael Massood
◇◇———◇◇
Lucy Sorrentini
◇◇———◇◇
Daria S. Torres
◇◇———◇◇
Elizabeth E. Randall
◇◇———◇◇
Paul Van Ostenbridge
◇◇———◇◇
James M. Kuiken
◇◇————◇
Robert Van Dyk
◇◇————◇
Thomas J. Kemly served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Atlantic Union Bankshares Corp. AUB
  • Berkshire Hills Bancorp, Inc. BHLB
  • Brookline Bancorp, Inc. BRKL
  • Community Financial System, Inc. CBU
  • ConnectOne Bancorp, Inc. CNOB
  • Customers Bancorp, Inc. CUBI
  • Dime Community Bancshares, Inc. DCOM
  • E. Thomas Allen symbol not shown
  • Eagle Bancorp, Inc. EGBN
  • First Commonwealth Financial Corporation FCF
  • Flushing Financial Corp. FFIC
  • Independent Bank Corp. INDB
  • Independent Bank Group, Inc. IBTX
  • Kearny Financial Corp. KRNY
  • Lakeland Bancorp, Inc. LBAI
  • NBT Bancorp, Inc. NBTB
  • Northfield Bancorp, Inc. NFBK
  • OceanFirst Financial Corp. OCFC
  • Peapack-Gladstone Financial Corp. PGC
  • Provident Financial Services, Inc. PFS
  • S&T Bancorp, Inc. STBA
  • Sandy Spring Bancorp, Inc. SASR
  • WSFS Financial Corp. WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 25, 2026=◇◇◇
2024June 5, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022June 7, 2023=◇◇◇
2021June 22, 2022=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Thomas Kemly (President and Chief Executive Officer), FY2024 total compensation $2,759,021 (base salary $900,005) [exec_comp, SEC accession 0001104659-25-039386, filed 2025-04-25]

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What this page does not include

Everything above is a fact Columbia Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
309 figures on this page: 304 cited to the filing that reported them, 5 calculated from figures it prints.
304 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001723596-26-000029
    Item 5.07 Submission of Matters to vote of Security Holders
  2. 0001723596-25-000244
    Item 5.07 Submission of Matters to a vote of Security Holders
  3. 0001104659-25-039386
    CEO Pay Ratio · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Employment Agreement · and 4 more sections
  4. 0001723596-24-000254
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001723596-23-000274
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001723596-22-000282
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Columbia Financial executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/CLBK (accessed 2026).
Short form: data: Velarion

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6 filings cited on this page
Method: intel.velarion.ai/methodology
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Columbia Financial discloses

The companies named in CLBK's own disclosed peer group.

Atlantic Union Bankshares Corp.Berkshire Hills Bancorp, Inc.Brookline Bancorp, Inc.Community Financial System, Inc.ConnectOne Bancorp, Inc.Customers Bancorp, Inc.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.First Commonwealth Financial CorporationFlushing Financial Corp.Independent Bank Corp.Independent Bank Group, Inc.Kearny Financial Corp.Lakeland Bancorp, Inc.NBT Bancorp, Inc.Northfield Bancorp, Inc.OceanFirst Financial Corp.Peapack-Gladstone Financial Corp.Provident Financial Services, Inc.S&T Bancorp, Inc.Sandy Spring Bancorp, Inc.WSFS Financial Corp.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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