OCEANFIRST FINANCIAL CORP — Director's Dealing 2022

Mar 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCEANFIRST FINANCIAL CORP (OCFC)
CIK: 0001004702
Period of Report: 2022-02-28

Reporting Person: Sridharan Karthik (EVP & CIO, OceanFirst Bank)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-28	Common Stock	A	12064	—	Acquired	67300	Direct
2022-02-28	Common Stock	A	18096	—	Acquired	85396	Direct
2022-03-01	Common Stock	D	1223	—	Disposed	84173	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	511	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$20.44	2030-02-28	Common Stock (38395.0)	38395	Direct

Footnotes

F1: Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2023. Total includes other restricted shares that vest in the future.

F2: Restricted shares awarded. Such shares vest on March 1, 2025 at approximately 33% to 100% depending on the attainment of defined performance criteria for the three year period from January 1, 2022 through December 31, 2024, 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, 2020, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on each of March 1 of 2023, 2024, and 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

F4: This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).

F5: Options vest in five equal annual installments beginning on the date first exercisable.