Berninger David 4

What Happened
David Berninger, Senior Executive Vice President & Chief Risk Officer of OceanFirst Financial Corp (OCFC), was granted a total of 27,688 restricted common shares on February 27, 2026. The awards were reported as acquisitions at $0.00 per share (total cash value $0) and are stock awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026.
• Grants: 11,076 restricted shares (F1) and 16,612 restricted shares (F2), totaling 27,688 shares. Price reported: $0.00 per share (award).
• Vesting/conditions:
  • F1: Time-based restricted shares vest in four equal annual installments beginning March 1, 2027.
  • F2: Performance-based restricted shares vest on March 1, 2029 at ~33%–100% depending on performance for 2026–2028, or are forfeited if threshold performance is unmet.
• Beneficial ownership increase is reported as resulting from exempt acquisitions under Rule 16b‑3(c) (F3).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: transaction and filing dates are shown; no late‑filing flag (L) indicated in the provided data.

Context
Restricted-share awards are a form of compensation intended to align executive incentives with shareholder value; they are not cash purchases and do not directly signal a personal buy/sell decision. Time- and performance-based vesting means these shares may not convert into transferable stock unless vesting conditions are met.