Christopher Maher - 28 Feb 2024 Form 4 Insider Report for OCEANFIRST FINANCIAL CORP (OCFC)

Signature
/s/ Steven J. Tsimbions, Power of Attorney
Issuer symbol
OCFC
Transactions as of
28 Feb 2024
Net transactions value
$0
Form type
4
Filing time
01 Mar 2024, 13:27:02 UTC
Previous filing
16 Jun 2023
Next filing
07 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCFC Common Stock Award $0 +34,876 +13% $0.000000 301,782 28 Feb 2024 Direct F1
transaction OCFC Common Stock Award $0 +52,314 +17% $0.000000 354,096 28 Feb 2024 Direct F2
transaction OCFC Common Stock Disposed to Issuer $0 -4,921 -1.4% $0.000000 349,175 01 Mar 2024 Direct F3
transaction OCFC Common Stock Disposed to Issuer $0 -7,339 -2.1% $0.000000 341,836 01 Mar 2024 Direct F4
transaction OCFC Common Stock Disposed to Issuer $0 -2,761 -0.81% $0.000000 339,075 01 Mar 2024 Direct F5
holding OCFC Common Stock 5,177 28 Feb 2024 By ESOP F6
holding OCFC Common Stock 20,959 28 Feb 2024 By 401(k) Plan F6
holding OCFC Common Stock 5,000 28 Feb 2024 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding OCFC Stock Option (right to buy) 12,000 28 Feb 2024 Common Stock 12,000 $17.75 Direct
holding OCFC Stock Option (right to buy) 29,772 28 Feb 2024 Common Stock 29,772 $17.37 Direct
holding OCFC Stock Option (right to buy) 59,677 28 Feb 2024 Common Stock 59,677 $17.28 Direct
holding OCFC Stock Option (right to buy) 73,400 28 Feb 2024 Common Stock 73,400 $29.01 Direct
holding OCFC Stock Option (right to buy) 25,275 28 Feb 2024 Common Stock 25,275 $27.40 Direct
holding OCFC Stock Option (right to buy) 109,060 28 Feb 2024 Common Stock 109,060 $25.20 Direct
holding OCFC Stock Option (right to buy) 166,380 28 Feb 2024 Common Stock 166,380 $20.44 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2025. Total includes other restricted shares that vest in the future.
F2 Restricted shares awarded. Such shares vest on March 1, 2027 at approximately 33% to 100% depending on the attainment of defined performance criteria for the three year period from January 1, 2024 through December 31, 2026, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.
F3 Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2019, for failure to satisfy performance conditions. Total includes other unvested shares that vest in the future.
F4 Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2020, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1, 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.
F5 Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 26, 2021 for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1, 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.
F6 This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
F7 Options vest in five equal annual installments beginning on the date first exercisable.