OceanFirst director granted 104,737 shares
OCEANFIRST FINANCIAL CORP director Louis C. Grassi reported acquiring 104,737 shares of Common Stock in a Form 4 filing.
Rhea-AI Filing Summary
OCEANFIRST FINANCIAL CORP director Louis C. Grassi reported acquiring 104,737 shares of Common Stock in a Form 4 filing. The shares were received at no cash cost as equity consideration under an Agreement and Plan of Merger involving OceanFirst, Flushing Financial Corporation, and Apollo Merger Sub Corp.
The merger converted each share of Flushing Financial common stock into the right to receive 0.85 OceanFirst share, with cash in lieu of fractional shares. Grassi’s holdings include 4,080 restricted stock units that were acquired through the merger and are scheduled to cliff vest on January 30, 2027.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104,737 | $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 financial
Exchange Ratio financial
restricted stock units financial
cliff vest financial
FAQ
What did OceanFirst (OCFC) director Louis C. Grassi report on his Form 4?
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