Michele B. Estep - Feb 28, 2024 Form 4 Insider Report for OCEANFIRST FINANCIAL CORP (OCFC)

Signature
/s/ Steven J. Tsimbions, Power of Attorney
Stock symbol
OCFC
Transactions as of
Feb 28, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 01:30 PM
Previous filing
Mar 10, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCFC Common Stock Award $0 +16.8K +13.37% $0.00 142K Feb 28, 2024 Direct F1
transaction OCFC Common Stock Award $0 +25.2K +17.69% $0.00 167K Feb 28, 2024 Direct F2
transaction OCFC Common Stock Disposed to Issuer $0 -1.47K -0.88% $0.00 166K Mar 1, 2024 Direct F3
transaction OCFC Common Stock Disposed to Issuer $0 -2.45K -1.47% $0.00 163K Mar 1, 2024 Direct F4
transaction OCFC Common Stock Disposed to Issuer $0 -1.1K -0.68% $0.00 162K Mar 1, 2024 Direct F5
holding OCFC Common Stock 2.94K Feb 28, 2024 By ESOP F6

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) 7.5K Feb 28, 2024 Common Stock 7.5K $20.79 Direct
holding OCFC Stock Option (right to buy) 7.88K Feb 28, 2024 Common Stock 7.88K $22.69 Direct
holding OCFC Stock Option (right to buy) 50.3K Feb 28, 2024 Common Stock 50.3K $25.20 Direct
holding OCFC Stock Option (right to buy) 76.8K Feb 28, 2024 Common Stock 76.8K $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.