OceanFirst director awarded 52,262 shares in merger
OCEANFIRST FINANCIAL CORP director Alfred A. DelliBovi reported an acquisition of 52,262 shares of Common Stock.
Rhea-AI Filing Summary
OCEANFIRST FINANCIAL CORP director Alfred A. DelliBovi reported an acquisition of 52,262 shares of Common Stock. The shares were received at no cash cost as part of the merger between OceanFirst Financial Corp, Flushing Financial Corporation, and Apollo Merger Sub Corp under an Agreement and Plan of Merger.
Each Flushing Financial common share was converted into the right to receive 0.85 OceanFirst share at the effective time of the merger, with cash paid instead of fractional shares. The reported holdings include 4,080 restricted stock units that vest in full on January 30, 2027.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 52,262 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents shares of Issuer Common Stock received pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst Financial Corp. (the "Issuer"), Flushing Financial Corporation ("FFIC"), and Apollo Merger Sub Corp. ("Merger Sub"). At the effective time of the merger (the "Effective Time"), each share of FFIC common stock outstanding immediately prior to the Effective Time was converted into the right to receive 0.85 shares of Issuer Common Stock (the "Exchange Ratio") with cash paid in lieu of any fractional shares, in accordance with the Merger Agreement.
- F2. Reflects OceanFirst securities acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby.
- F3. Includes 4,080 restricted stock units acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby, which cliff vest on January 30, 2027.
Key Figures
Key Terms
Agreement and Plan of Merger regulatory
Exchange Ratio financial
restricted stock units financial
cliff vest financial
Effective Time regulatory
FAQ
What insider transaction did OCEANFIRST FINANCIAL CORP (OCFC) report for Alfred A. DelliBovi?
What was the exchange ratio described in the OceanFirst (OCFC) Form 4 filing?
What restricted stock units did Alfred A. DelliBovi receive in the OceanFirst (OCFC) merger?
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