Maher Christopher 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
OceanFirst (OCFC) CEO Christopher Maher Receives Awards, Forfeits Shares
What Happened
- Christopher Maher, Chairman and CEO of OceanFirst Financial Corp (OCFC), received two restricted stock awards on Feb 27, 2026 totaling 72,259 shares (28,904 + 43,355) at $0.00 per share.
- On Mar 1, 2026, 34,149 shares were disposed to the issuer at $0.00 — reported as a forfeiture of unvested performance-based restricted shares originally awarded Feb 28, 2023 for failure to satisfy performance conditions. These transactions involved awards/forfeitures rather than open-market purchases or sales.
Key Details
- Transaction dates and prices:
- 2026-02-27: Award of 28,904 restricted shares @ $0.00 (F1).
- 2026-02-27: Award of 43,355 restricted shares @ $0.00 (F2).
- 2026-03-01: Disposition to issuer of 34,149 shares @ $0.00 (forfeiture) (F3).
- Total granted: 72,259 restricted shares; total forfeited/surrendered: 34,149 shares.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes:
- F1: Shares vest in four equal annual installments beginning March 1, 2027.
- F2: Performance-based shares vest on March 1, 2029 at ~33%–100% depending on 2026–2028 performance; forfeited if threshold not met.
- F3: Forfeiture of 2023 performance-based awards for failure to meet performance conditions.
- F4: Increases in beneficial ownership reflect exempt acquisitions under Rule 16b-3(c).
- Filing: Report filed Mar 3, 2026 covering transactions on Feb 27 and Mar 1, 2026; the filing does not indicate a tardy filing code.
Context
- These were awards and a forfeiture — awards are company compensation, not open-market insider buying. Grants provide potential future ownership subject to vesting and performance conditions; the Mar 1 disposition reflects forfeited unvested performance shares, not a cash sale. For retail investors, awards are routine executive compensation and do not necessarily signal the insider’s personal buying or selling intent.
Insider Transaction Report
Form 4
Maher Christopher
DirectorChairman and CEO
Transactions
- Award
Common Stock
[F1]2026-02-27+28,904→ 373,562 total - Award
Common Stock
[F2]2026-02-27+43,355→ 416,917 total - Disposition to Issuer
Common Stock
[F3]2026-03-01−34,149→ 382,768 total
Holdings
- 6,457(indirect: By ESOP)
Common Stock
- 28,409(indirect: By 401(k))
Common Stock
[F4] - 5,000(indirect: By Spouse)
Common Stock
- 73,400
Stock Option (right to buy)
Exercise: $29.01From: 2018-03-01Exp: 2027-03-15→ Common Stock (73,400 underlying) - 25,275
Stock Option (right to buy)
Exercise: $27.40From: 2019-03-01Exp: 2028-01-24→ Common Stock (25,275 underlying) - 109,060
Stock Option (right to buy)
Exercise: $25.20From: 2020-03-01Exp: 2029-03-01→ Common Stock (109,060 underlying) - 166,380
Stock Option (right to buy)
Exercise: $20.44From: 2021-03-01Exp: 2030-03-01→ Common Stock (166,380 underlying)
Footnotes (4)
- [F1]Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2027. Total includes other restricted shares that vest in the future.
- [F2]Restricted shares awarded. Such shares vest on March 1, 2029 at approximately 33% to 100% depending on the attainment of defined performance criteria for the three year period from January 1, 2026 through December 31, 2028, 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, 2023, for failure to satisfy performance conditions. 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).
Signature
/s/ Steven J. Tsimbinos, Power of Attorney|2026-03-03