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OceanFirst (OCFC) SEVP & CIO receives multi-year restricted stock grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

OceanFirst Financial Corp executive Brian Schaeffer reported new equity awards in the company’s common stock. On February 27, 2026, he acquired 10,244 restricted shares and 15,365 additional restricted shares at a stated price of $0.00 per share through grants.

The 10,244 restricted shares vest in four equal annual installments beginning on March 1, 2027. The 15,365 restricted shares vest on March 1, 2029 at approximately 33% to 100%, depending on performance criteria for the period from January 1, 2026 through December 31, 2028, and may be forfeited if threshold performance is not met. Following these awards, Schaeffer directly owns 90,405 common shares, and indirectly holds 3,400 shares through an ESOP. The filing notes these are exempt acquisitions under Rule 16b-3(c).

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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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schaeffer Brian

(Last) (First) (Middle)
110 WEST FRONT STEET

(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)
Director 10% Owner
Officer (give title below) X Other (specify below)
SEVP & CIO, OceanFirst Bank
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
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 02/27/2026 A 10,244 A $0 75,040 D(1)
Common Stock 02/27/2026 A 15,365 A $0 90,405 D(2)
Common Stock 3,400 I By ESOP(3)
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
Explanation of Responses:
1. 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.
2. 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.
3. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
Remarks:
/s/ Steven J. Tsimbinos, Power of Attorney 03/03/2026
** 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.

FAQ

What insider transaction did Brian Schaeffer report for OCEANFIRST FINANCIAL CORP (OCFC)?

Brian Schaeffer reported acquiring two grants of restricted common stock totaling 25,609 shares. These awards increased his beneficial ownership through exempt acquisitions under Rule 16b-3(c), reflecting equity-based compensation rather than open-market buying or selling activity.

How many OceanFirst (OCFC) shares did Brian Schaeffer receive in each restricted stock grant?

Brian Schaeffer received 10,244 restricted shares in one grant and 15,365 restricted shares in another. Both awards are in OceanFirst Financial Corp common stock and are structured with multi‑year vesting and, for one grant, performance-based vesting conditions.

What are the vesting terms of Brian Schaeffer’s new OCFC restricted stock awards?

One award of 10,244 restricted shares vests in four equal annual installments starting March 1, 2027. The 15,365-share award vests on March 1, 2029, at roughly 33% to 100% based on performance over January 1, 2026 to December 31, 2028.

How many OceanFirst (OCFC) shares does Brian Schaeffer own after these transactions?

After the reported awards, Brian Schaeffer directly owns 90,405 shares of OceanFirst common stock. He also has indirect beneficial ownership of 3,400 additional shares held through an employee stock ownership plan, according to the Form 4 disclosure.

Are Brian Schaeffer’s OCFC stock awards open-market purchases or exempt grants?

The awards are exempt acquisitions under Rule 16b-3(c), not open-market purchases. They represent restricted stock grants approved under compensation arrangements, with time-based and performance-based vesting requirements instead of transactions executed on a public market.

What performance period determines vesting for part of Brian Schaeffer’s OCFC restricted stock?

The 15,365-share restricted award vests based on performance from January 1, 2026 through December 31, 2028. On March 1, 2029, between approximately 33% and 100% of these shares can vest, with forfeiture possible if threshold performance is not reached.
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