DelliBovi Alfred A 4
4 · OCEANFIRST FINANCIAL CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
OceanFirst (OCFC) Director Alfred DelliBovi Receives 52,262 Shares
What Happened
- Alfred A. DelliBovi, a director of OceanFirst Financial Corp. (OCFC), was reported to have acquired 52,262 shares on 2026-06-01. The filing lists this as an award/grant/other acquisition (code A) with no per-share price reported (N/A) because the shares were issued as merger consideration.
- The shares were issued pursuant to the Merger Agreement dated December 29, 2025, under which each share of Flushing Financial Corporation (FFIC) was converted into the right to receive 0.85 shares of OceanFirst common stock (cash paid for fractional shares). The grant includes 4,080 restricted stock units (RSUs) that cliff vest on January 30, 2027.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears to be filed within the standard Section 16 reporting window).
- Price: N/A (shares issued as merger consideration; value not stated in the filing).
- Shares reported acquired: 52,262 (of which 4,080 are RSUs with a January 30, 2027 cliff vest).
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnotes of note:
- F1: Conversion per Merger Agreement — 0.85 exchange ratio for FFIC shares, cash for fractional shares.
- F2: Reflects OceanFirst securities acquired pursuant to the Merger Agreement and related agreements.
- F3: Specifies the 4,080 RSUs and their vesting date.
- No indication in the filing that this was a market purchase, sale, option exercise, or a 10b5-1 plan transaction.
Context
- These shares were issued as merger consideration in the OceanFirst–Flushing Financial transaction, so they reflect deal-related compensation/consideration rather than an open-market buy/sell by the insider. Merger-issued shares and RSUs are common in acquisitions and do not necessarily signal personal bullish or bearish sentiment.
Insider Transaction Report
Form 4
DelliBovi Alfred A
Director
Transactions
- Award
Common Stock
[F1][F2][F3]2026-06-01+52,262→ 52,262 total
Footnotes (3)
- [F1]Represents shares of Issuer Common Stock received pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst Financial Corp. (the "Issuer"), Flushing Financial Corporation ("FFIC"), and Apollo Merger Sub Corp. ("Merger Sub"). At the effective time of the merger (the "Effective Time"), each share of FFIC common stock outstanding immediately prior to the Effective Time was converted into the right to receive 0.85 shares of Issuer Common Stock (the "Exchange Ratio") with cash paid in lieu of any fractional shares, in accordance with the Merger Agreement.
- [F2]Reflects OceanFirst securities acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby.
- [F3]Includes 4,080 restricted stock units acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby, which cliff vest on January 30, 2027.
Signature
/s/ Steven J. Tsimbinos, Power of Attorney|2026-06-03