MICHELE B. ESTEP - 28 Feb 2023 Form 4 Insider Report for OCEANFIRST FINANCIAL CORP (OCFC)

Role
EVP & CAO, OceanFirst Bank
Signature
/s/ Steven J. Tsimbinos, Power of Attorney
Issuer symbol
OCFC
Transactions as of
28 Feb 2023
Net transactions value
$0
Form type
4
Filing time
02 Mar 2023, 10:24:55 UTC
Previous filing
09 Mar 2022
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 +11% $0.000000 117,277 28 Feb 2023 Direct F1
transaction OCFC Common Stock Award $0 +17,075 +15% $0.000000 134,352 28 Feb 2023 Direct F2
transaction OCFC Common Stock Disposed to Issuer $0 -1,468 -1.1% $0.000000 132,884 01 Mar 2023 Direct F3
transaction OCFC Common Stock Disposed to Issuer $0 -2,446 -1.8% $0.000000 130,438 01 Mar 2023 Direct F4
holding OCFC Common Stock 2,225 28 Feb 2023 By ESOP F5

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) 7,503 28 Feb 2023 Common Stock 7,503 $20.79 Direct
holding OCFC Stock Option (right to buy) 7,875 28 Feb 2023 Common Stock 7,875 $22.69 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.