Lebel Joseph III 4

What Happened

• Joseph Lebel III, Senior Executive Vice President, Chief Operating Officer and Director of OceanFirst Financial Corp (OCFC), exercised stock derivatives that resulted in the acquisition of 37,500 common shares at an exercise price of $17.28 per share (gross value $648,000).
• To satisfy tax withholding obligations, 34,460 shares were withheld/disposed at $19.71 per share for a value of $679,207. The Form 4 also reports a corresponding derivative conversion/disposition entry tied to the exercise.

Key Details

• Transaction date: 2026-02-17.
• Exercise: 37,500 shares at $17.28 (code M — option exercise/conversion); gross value reported $648,000.
• Tax withholding: 34,460 shares at $19.71 (code F — tax withholding); value reported $679,207.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: F1 notes totals include restricted common stock that has not yet vested; F2 states increases in beneficial ownership reflect exempt acquisitions under Rule 16b-3(c).
• Filing timeliness: Form filed 2026-02-18 for a 2026-02-17 transaction (filed within the normal reporting window).

Context

• This appears to be a routine option exercise with net share settlement for tax withholding (shares withheld rather than an open-market sale). Code key: M = option exercise/conversion, F = payment of exercise price or tax liability.
• Such compensation-related exercises are common and do not necessarily signal a personal market view; they often reflect vesting/exercise of employee awards and required tax withholding.