Maher Christopher 4

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.