Christopher Maher - 28 Feb 2023 Form 4 Insider Report for OCEANFIRST FINANCIAL CORP (OCFC)

Reporting relationship: Chairman and CEO, Director
Issuer ticker: OCFC
Reported as of: 28 Feb 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Mar 2023, 10:28:17 UTC
Prior SEC filing: 09 Mar 2022
Next SEC filing: 10 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Steven J. Tsimbinos, Power of Attorney

Key filing fact

Christopher Maher filed Form 4 for OCEANFIRST FINANCIAL CORP (OCFC) on 02 Mar 2023.

Key facts

This page summarizes Christopher Maher's Form 4 filing for OCEANFIRST FINANCIAL CORP (OCFC).
4 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 02 Mar 2023, 10:28.

Change

Previous filing in this sequence was filed on 09 Mar 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OCFC transaction

Common Stock

Award

Transaction value: $0
Shares: +22,768
Change %: +9.7%
Price: $0.000000
Shares after: 256,777
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F1

OCFC transaction

Common Stock

Award

Transaction value: $0
Shares: +34,149
Change %: +13%
Price: $0.000000
Shares after: 290,926
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F2

OCFC transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -4,921
Change %: -1.7%
Price: $0.000000
Shares after: 286,005
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F3

OCFC transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -7,339
Change %: -2.6%
Price: $0.000000
Shares after: 278,666
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F4

OCFC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,368
Date: 28 Feb 2023
Ownership: By ESOP
Footnotes: F5

OCFC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 17,165
Date: 28 Feb 2023
Ownership: By 401(k) Plan
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,500
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,500
Exercise price: $14.55

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 12,000
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,000
Exercise price: $17.75

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 29,772
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 29,772
Exercise price: $17.37

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 59,677
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 59,677
Exercise price: $17.28

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 73,400
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 73,400
Exercise price: $29.01

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 25,275
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,275
Exercise price: $27.40

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 109,060
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 109,060
Exercise price: $25.20
Footnotes: F6

OCFC holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 166,380
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 166,380
Exercise price: $20.44
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2024. Total includes other restricted shares that vest in the future.

Footnote F2

Restricted shares awarded. Such shares vest on March 1, 2026 at approximately 33% to 100% depending on the attainment of defined performance criteria for the three year period from January 1, 2023 through December 31, 2025, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.

Footnote F3

Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2019, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1, 2024, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

Footnote 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 each of March 1 of 2024 and 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

Footnote F5

This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).

Footnote F6

Options vest in five equal annual installments beginning on the date first exercisable.

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