Sridharan Karthik 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 2, 2021
Insider Transaction Report
Form 4
Sridharan Karthik
Other
Transactions
- Award
Common Stock
2021-02-26+13,252→ 58,825 total - Award
Common Stock
2021-02-26+16,568→ 45,573 total - Award
Common Stock
2021-02-26−1,223→ 57,602 total
Holdings
- 38,395
Stock Option (right to buy)
Exercise: $20.44From: 2021-03-01Exp: 2030-02-28→ Common Stock (38,395 underlying)
Footnotes (4)
- [F1]Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2022. Total includes other restricted shares that vest in the future.
- [F2]Restricted shares awarded vest in four equal installments beginning on March 1, 2022 at approximately 67% or approximately 83% to 100% depending on the attainment of defined performance criteria for each of the calendar years ended 2021, 2022, 2023, and 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 2022, 2023, 2024, and 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.
- [F4]Options vest in five equal annual installments beginning on the date first exercisable.