Yoh Caren C 4
4 · OCEANFIRST FINANCIAL CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
OCEANFIRST (OCFC) Director Yoh Caren C Receives Award
What Happened
- Yoh Caren C, a director of OceanFirst Financial Corp. (OCFC), was reported as acquiring 52,262 shares of OceanFirst common stock on 2026-06-01. The transaction is recorded as an award/acquisition (code A); no per-share price is listed because the shares were received as merger consideration.
- The issuance arises from OceanFirst’s merger with Flushing Financial Corporation: each FFIC share was converted into the right to receive 0.85 shares of OceanFirst stock (cash paid for any fractional shares). The filing also notes 4,080 restricted stock units (RSUs) included in this total that cliff-vest on January 30, 2027.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
- Transaction type/code: Award/Acquisition (A) under the Merger Agreement.
- Shares acquired: 52,262 OceanFirst common shares; price: N/A (merger consideration).
- Restricted stock units: 4,080 RSUs included, cliff-vesting on 2027-01-30.
- Shares owned after transaction: not specified in the filing excerpt provided.
- Footnotes: F1–F3 explain the FFIC-to-OceanFirst conversion at a 0.85 exchange ratio, cash paid for fractional shares, and that certain securities were acquired pursuant to the Merger Agreement.
Context
- These shares were received as merger consideration, not purchased on the open market; such corporate-transaction issuances reflect deal terms rather than an insider buying or selling based on personal views.
- The included RSUs are subject to future vesting (cliff on 2027-01-30), so not all shares may be immediately transferable.
Insider Transaction Report
Form 4
Yoh Caren C
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