Lebel Joseph Iii was granted 79,647 shares and returned 9,923 shares to the company (SEC Form 4)
$OCFC
Major Banks
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [ OCFC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/28/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/28/2024 | A | 31,860 | A | $0 | 246,304 | D(1) | |||
| Common Stock | 02/28/2024 | A | 47,787 | A | $0 | 294,091 | D(2) | |||
| Common Stock | 03/01/2024 | D | 2,500 | D | $0 | 291,591 | D(3) | |||
| Common Stock | 03/01/2024 | D | 4,892 | D | $0 | 286,699 | D(4) | |||
| Common Stock | 03/01/2024 | D | 2,531 | D | $0 | 284,168 | D(5) | |||
| Common Stock | 11,955 | I | By 401(k)(6) | |||||||
| Common Stock | 12,981 | I | By ESOP(6) | |||||||
| Common Stock | 783 | I | By Spouse | |||||||
| Series A Redeemable Preferred Stock | 4,000 | D | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (right to buy) | $17.75 | 03/01/2015 | 03/19/2024 | Common Stock | 4,875 | 4,875 | D | ||||||||
| Stock Option (right to buy) | $17.37 | 03/01/2016 | 03/18/2025 | Common Stock | 30,000 | 30,000 | D | ||||||||
| Stock Option (right to buy) | $17.28 | 03/01/2017 | 03/16/2026 | Common Stock | 37,500 | 37,500 | D | ||||||||
| Stock Option (right to buy) | $29.01 | 03/15/2018 | 03/15/2027 | Common Stock | 45,000 | 45,000 | D | ||||||||
| Stock Option (right to buy) | $27.4 | 03/01/2019 | 01/24/2028 | Common Stock | 15,485 | 15,485 | D | ||||||||
| Stock Option (right to buy) | $25.2 | 03/01/2020 | 03/01/2029 | Common Stock | 100,670 | 100,670 | D | ||||||||
| Stock Option (right to buy) | $20.44 | 03/01/2021 | 02/28/2030 | Common Stock | 153,585 | 153,585 | D(7) | ||||||||
| Explanation of Responses: |
| 1. 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. |
| 2. 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. |
| 3. 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. |
| 4. 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. |
| 5. 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. |
| 6. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c). |
| 7. Options vest in five equal annual installments beginning on the date first exercisable. |
| Remarks: |
| /s/ Steven J. Tsimbions, Power of Attorney | 03/01/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||