OCEANFIRST FINANCIAL CORP — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCEANFIRST FINANCIAL CORP (OCFC)
CIK: 0001004702
Period of Report: 2023-02-28

Reporting Person: Tsimbinos Steven James (Executive VP/Corp. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Common Stock	A	11384	—	Acquired	138859	Direct
2023-02-28	Common Stock	A	17075	—	Acquired	155934	Direct
2023-03-01	Common Stock	D	1468	—	Disposed	154466	Direct
2023-03-01	Common Stock	D	2446	—	Disposed	152020	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7462	Indirect
Common Stock	5509	Indirect
Series A Redeemable Preferred Stock	1000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$17.75	2024-03-19	Common Stock (13125.0)	13125	Direct
Stock Option (Right to Buy	$17.37	2025-03-18	Common Stock (13125.0)	13125	Direct
Stock Option (right to buy)	$17.28	2026-03-16	Common Stock (15000.0)	15000	Direct
Stock Option (right to buy)	$29.01	2027-03-15	Common Stock (37500.0)	37500	Direct
Stock Option (right to buy)	$27.4	2028-01-24	Common Stock (12915.0)	12915	Direct
Stock Option (right to buy)	$25.2	2029-03-01	Common Stock (50335.0)	50335	Direct
Stock Option (right to buy)	$20.44	2030-02-28	Common Stock (76790.0)	76790	Direct

Footnotes

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.