OceanFirst Financial (OCFC) Form 4 OCEANFIRST FINANCIAL / Christopher Maher ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Maher Christopher

(Last) (First) (Middle)

110 WEST FRONT STREET

(Street)

RED BANK NJ 07701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [ OCFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/28/2024		A		34,876	A	$0	301,782	D(1)
Common Stock	02/28/2024		A		52,314	A	$0	354,096	D(2)
Common Stock	03/01/2024		D		4,921	D	$0	349,175	D(3)
Common Stock	03/01/2024		D		7,339	D	$0	341,836	D(4)
Common Stock	03/01/2024		D		2,761	D	$0	339,075	D(5)
Common Stock								5,177	I	By ESOP(6)
Common Stock								20,959	I	By 401(k) Plan(6)
Common Stock								5,000	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$17.75							03/01/2015	03/19/2024	Common Stock	12,000		12,000	D
Stock Option (right to buy)	$17.37							03/01/2016	03/18/2025	Common Stock	29,772		29,772	D
Stock Option (right to buy)	$17.28							03/01/2017	03/16/2026	Common Stock	59,677		59,677	D
Stock Option (right to buy)	$29.01							03/01/2018	03/15/2027	Common Stock	73,400		73,400	D
Stock Option (right to buy)	$27.4							03/01/2019	01/24/2028	Common Stock	25,275		25,275	D
Stock Option (right to buy)	$25.2							03/01/2020	03/01/2029	Common Stock	109,060		109,060	D
Stock Option (right to buy)	$20.44							03/01/2021	03/01/2030	Common Stock	166,380		166,380	D(7)

Explanation of Responses:

1. Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2025. Total includes other restricted shares that vest in the future.

2. Restricted shares awarded. Such shares vest on March 1, 2027 at approximately 33% to 100% depending on the attainment of defined performance criteria for the three year period from January 1, 2024 through December 31, 2026, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.

3. Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2019, for failure to satisfy performance conditions. Total includes other unvested shares that vest in the future.

4. Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2020, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1, 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

5. Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 26, 2021 for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1, 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

6. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).

7. Options vest in five equal annual installments beginning on the date first exercisable.

Remarks:

	/s/ Steven J. Tsimbions, Power of Attorney	03/01/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.