Oceanfirst Financial (OCFC) executive compensation, 2026 proxy

Christopher D. Maher, Chairman and CEO of the Company and the Bank, was paid $3.1M in 2025, up 2% from $3M the year before. The CEO-to-median-employee pay ratio was 36:1, on median employee pay of $86,936.

Filed
April 27, 2026
Annual meeting
May 27, 2026
Pay year
2025
Named executives
5
CEO total pay
$3.1M+2% vs prior year
CEO to median employee
36:1median $86,936
CEO pay in equity
33%$1M in awards
Prior say-on-pay support
92%of votes cast
CEO Base Salary
$995,000Increased for fiscal 2025
CEO Target Bonus
$775,000Under the cash incentive plan
CEO Stock Ownership Guideline
5xMultiple of base salary
NEO Stock Ownership Guideline
3xMultiple of base salary

How Maher was paid

$3.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary32%Stock awards33%Non-equity incentive29%Pension and deferred comp0%All other compensation6%

Named executive officers

ExecutiveTotal
Christopher D. MaherChairman and CEO of the Company and the Bank$3,124,340
Patrick S. BarrettSenior Executive Vice President and CFO of the Company and the Bank$1,759,950
Joseph J. Lebel lllPresident and Chief Operating Officer of the Bank$2,177,955
Michele B. EstepSenior Executive Vice President and Chief Administrative Officer of the Bank$1,290,528
Steven J. TsimbinosSenior Executive Vice President, General Counsel and Corporate Secretary$1,289,632

What changed and why

  • 3.2%Base salaries for named executive officers increased by an average of 3.2% except for the CFO.
  • The company announced a definitive merger agreement with Flushing Financial Corporation.
  • The cash incentive plan expanded non-interest expense metrics to emphasize expense management.
  • 92%Approximately 92% of votes supported the say-on-pay proposal last year.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.