Steven James Tsimbinos - 28 Feb 2023 Form 4 Insider Report for OCEANFIRST FINANCIAL CORP (OCFC)

Role: Executive VP/Corp. Secretary
Signature: /s/ Steven J. Tsimbinos
Issuer symbol: OCFC
Transactions as of: 28 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2023, 10:39:35 UTC
Previous filing: 07 Feb 2023
Next filing: 10 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCFC	Common Stock	Award	$0	+11,384	+8.9%	$0.000000	138,859	28 Feb 2023	Direct	F1
transaction	OCFC	Common Stock	Award	$0	+17,075	+12%	$0.000000	155,934	28 Feb 2023	Direct	F2
transaction	OCFC	Common Stock	Disposed to Issuer	$0	-1,468	-0.94%	$0.000000	154,466	01 Mar 2023	Direct	F3
transaction	OCFC	Common Stock	Disposed to Issuer	$0	-2,446	-1.6%	$0.000000	152,020	01 Mar 2023	Direct	F4
holding	OCFC	Common Stock						7,462	28 Feb 2023	By 401(k)	F5
holding	OCFC	Common Stock						5,509	28 Feb 2023	By ESOP	F5
holding	OCFC	Series A Redeemable Preferred Stock						1,000	28 Feb 2023	Direct

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						13,125	28 Feb 2023	Common Stock	13,125	$17.75	Direct
holding	OCFC	Stock Option (Right to Buy						13,125	28 Feb 2023	Common Stock	13,125	$17.37	Direct
holding	OCFC	Stock Option (right to buy)						15,000	28 Feb 2023	Common Stock	15,000	$17.28	Direct
holding	OCFC	Stock Option (right to buy)						37,500	28 Feb 2023	Common Stock	37,500	$29.01	Direct
holding	OCFC	Stock Option (right to buy)						12,915	28 Feb 2023	Common Stock	12,915	$27.40	Direct
holding	OCFC	Stock Option (right to buy)						50,335	28 Feb 2023	Common Stock	50,335	$25.20	Direct	F6
holding	OCFC	Stock Option (right to buy)						76,790	28 Feb 2023	Common Stock	76,790	$20.44	Direct	F6

* 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, 2024. Total includes other restricted shares that vest in the future.
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.
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.
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.
F5	This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
F6	Options vest in five equal annual installments beginning on the date first exercisable.