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Columbia Financial Executive Compensation (FY25)

CLBK · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
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 November 12, 2026Latest filing (8-K): June 25, 2026
8 filings cited on this page
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Published by Velarion Company Intelligence
Columbia Financial brief$299Get the executive brief
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332 figures on this page: 327 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Thomas Kemly: $2,759,021 → $4,370,846 (58.4% higher)
Say-on-pay support: 99.2% → 99.1% (0.1 points lower)
CEO pay ratio: 27.1:1 → 27:1 (0.4% 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 $4,370,846 in fiscal 2025. Compared with the $2,759,021 reported for fiscal 2024, Kemly's total was 58.4% higher.
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 2025, the company reported a chief executive pay ratio of 27:1, against median employee compensation of $162,003.

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
Senior Executive Vice President and Chief Operating Officer
◇———◇—◇◇
Dennis Gibney
Executive Vice President and Chief Financial Officer
◇———◇—◇◇
Allyson Schlesinger
Executive Vice President, Head of Consumer Banking
◇———◇—◇◇
John Klimowich
Executive Vice President and 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
EVP, Chief Risk Officer
◇—◇◇◇◇◇◇
Dennis Gibney
EVP, Chief Financial Officer
◇—◇◇◇◇◇◇
Allyson Schlesinger
EVP, 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
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Kemly
President and Chief Executive Officer
◇—◇◇◇◇◇◇
John Klimowich
SEVP, Chief Risk Officer
◇—◇◇◇◇◇◇
Dennis Gibney
SEVP, Chief Financial Officer
◇—◇◇◇◇◇◇
Allyson Schlesinger
SEVP, Head of Consumer Banking
◇—◇◇◇◇◇◇
Oliver Lewis Jr.
SEVP, Head of Commercial Banking
◇—◇◇◇—◇◇
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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Allyson SchlesingerOPTION◇——◇—◇◇
Allyson SchlesingerPSU◇◇◇—◇—◇
Dennis E. GibneyPSU◇◇◇—◇—◇
Dennis E. GibneyOPTION◇——◇—◇◇
John KlimowichOPTION◇——◇—◇◇
John KlimowichPSU◇◇◇—◇—◇
Oliver E. Lewis Jr.PSU◇◇◇—◇—◇
Oliver E. Lewis Jr.OPTION◇——◇—◇◇
Thomas J. KemlyOPTION◇——◇—◇◇
Thomas J. KemlyPSU◇◇◇—◇—◇
Fiscal 2023, 2024 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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Thomas KemlyOption◇—◇March 3, 2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇March 6, 2034
Option◇—◇May 1, 2033
RSU◇◇——
RSU◇◇——
Dennis GibneyOption◇—◇March 3, 2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇March 6, 2034
Option◇—◇May 1, 2033
RSU◇◇——
RSU◇◇——
Allyson SchlesingerOption◇—◇March 3, 2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇March 6, 2034
Option◇—◇May 1, 2033
RSU◇◇——
RSU◇◇——
John KlimowichOption◇—◇March 3, 2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇March 6, 2034
Option◇—◇May 1, 2033
RSU◇◇——
RSU◇◇——
Oliver Lewis Jr.Option◇—◇March 3, 2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇March 6, 2034
Option◇—◇May 1, 2033
RSU◇◇——
RSU◇◇——
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 · Employment agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Dennis Gibney
SEVP, Chief Financial Officer · Employment agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
John Klimowich
SEVP, Chief Risk Officer · Employment agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Thomas Kemly
President and Chief Executive Officer · Severance agreement
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 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Noel R. Holland
◇◇———◇◇
Michael Massood
◇◇———◇◇
Lucy Sorrentini
◇◇———◇◇
Daria S. Torres
◇◇———◇◇
Elizabeth E. Randall
◇◇———◇◇
Paul Van Ostenbridge
◇◇———◇◇
James M. Kuiken
◇◇————◇
Robert Van Dyk
◇◇————◇
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◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 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
  • Eagle Bancorp, Inc. EGBN
  • First Commonwealth Financial Corporation FCF
  • Flushing Financial Corp. FFIC
  • 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
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Thomas Kemly (President and Chief Executive Officer), FY2025 total compensation $4,370,846 (base salary $929,305) [exec_comp, SEC accession 0001193125-26-197874, filed 2026-04-30]

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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.
Peer benchmarking
Where Columbia Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $299
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $299
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $299
Realizable pay
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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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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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.
332 figures on this page: 327 cited to the filing that reported them, 5 calculated from figures it prints.
327 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. 0001193125-26-197874
  3. 0001723596-25-000244
    Item 5.07 Submission of Matters to a vote of Security Holders
  4. 0001104659-25-039386
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0001723596-24-000254
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001723596-23-000274
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-23-052960
    Summary Compensation Table
  8. 0001723596-22-000282
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Columbia Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CLBK (accessed 2026).
Short form: data: Velarion

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8 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.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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