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OceanFirst Financial Executive Compensation (FY25)

OCFC · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 28, 2026
265 figures on this page: 256 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Christopher Maher, Chairman and CEO of the Company and the Bank, received $3,124,340 in total compensation for fiscal 2025, and compared with the $3,049,880 reported for fiscal 2024, Maher's total was 2.4% higher. The disclosed chief executive pay ratio for fiscal 2025 is 36:1, against median employee compensation of $86,936. For fiscal 2025, shareholders backed the say-on-pay proposal with 93.8% of votes cast including abstentions in favor at the meeting held May 27, 2026. The disclosed peer group includes Atlantic Union Bankshares Corp., Berkshire Hills Bancorp, Inc., Brookline Bancorp, Inc., City Holding Company and Community Financial System, Inc., among others.
Chief executive, fiscal 2025
◇
Christopher Maher
Latest say-on-pay support
=
May 27, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Christopher Maher: $3,049,880 → $3,124,340 (2.4% higher)
Say-on-pay support: 90.4% → 93.8% (3.4 points higher)
CEO pay ratio: 38.4:1 → 36:1 (6.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is OceanFirst Financial's chief executive and what were they paid?
Christopher Maher, Chairman and CEO of the Company and the Bank, received $3,124,340 in total compensation for fiscal 2025. Compared with the $3,049,880 reported for fiscal 2024, Maher's total was 2.4% higher.
What was OceanFirst Financial's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.8% of votes cast including abstentions in favor at the meeting held May 27, 2026.
Which companies are in OceanFirst Financial's peer group?
The disclosed peer group includes Atlantic Union Bankshares Corp., Berkshire Hills Bancorp, Inc., Brookline Bancorp, Inc., City Holding Company and Community Financial System, Inc., among others.
What is OceanFirst Financial's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 36:1, against median employee compensation of $86,936.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Maher
Chairman and CEO of the Company and the Bank
◇—◇—◇◇◇◇
Joseph Lebel III
President and Chief Operating Officer of the Bank
◇—◇—◇—◇◇
Patrick Barrett
Executive Vice President and CFO of the Company and the Bank
◇—◇—◇—◇◇
Michele Estep
Executive Vice President and Chief Administrative Officer of the Bank
◇—◇—◇—◇◇
Steven Tsimbinos
Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Maher
Chairman and CEO of the Company and the Bank
◇—◇—◇◇◇◇
Joseph Lebel III
President and Chief Operating Officer of the Bank
◇—◇—◇—◇◇
Patrick Barrett
Senior Executive Vice President and CFO of the Company and the Bank
◇—◇—◇—◇◇
Michele Estep
Senior Executive Vice President and Chief Administrative Officer of the Bank
◇—◇—◇—◇◇
Steven Tsimbinos
Senior Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Maher
Chairman and CEO of the Company and the Bank
◇—◇—◇◇◇◇
Joseph Lebel III
President and Chief Operating Officer of the Bank
◇—◇—◇—◇◇
Patrick Barrett
Senior Executive Vice President and CFO of the Company and the Bank
◇—◇—◇—◇◇
Michele Estep
Senior Executive Vice President and Chief Administrative Officer of the Bank
◇—◇—◇—◇◇
Steven Tsimbinos
Senior Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher D. MaherPSU——◇—◇—◇
Joseph J. Lebel IIIPSU——◇—◇—◇
Michel B. EstepPSU——◇—◇—◇
Patrick S. BarrettPSU——◇—◇—◇
Steven J. TsimbinosRSA——◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Steven TsimbinosRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Christopher MaherRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Michele EstepRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Patrick BarrettPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Joseph LebelRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Steven Tsimbinos
Senior Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Christopher Maher
Chairman and CEO of the Company and the Bank · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Patrick Barrett
Senior Executive Vice President and CFO of the Company and the Bank · Employment agreement · citing a 2022 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anthony R. Coscia
Lead independent director
◇◇———◇◇
Nicos Katsoulis
◇◇———◇◇
Grace C. Torres
◇◇———◇◇
Joseph M. Murphy, Jr
◇◇———◇◇
Steven M. Scopellite
◇◇———◇◇
Jack M. Farris
◇◇———◇◇
Kimberly M. Guadagno
◇◇———◇◇
Patricia L. Turner
◇◇———◇◇
Dalila Wilson-Scott
◇◇———◇◇
Robert C. Garrett
◇◇———◇◇
John F. Barros
◇◇———◇◇
Michael D. Devlin
◇————◇◇
Christopher D. Maher and Joseph J. Lebel III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Atlantic Union Bankshares Corp. AUB
  • Berkshire Hills Bancorp, Inc. BBT
  • Brookline Bancorp, Inc. BRKL
  • City Holding Company CHCO
  • Community Financial System, Inc. CBU
  • ConnectOne Bancorp, Inc. CNOB
  • Customers Bancorp, Inc. CUBI
  • Dime Community Bancshares, Inc. DCOM
  • Eagle Bancorp, Inc. EGBN
  • Eastern Bankshares, Inc. EBC
  • First Financial Bancorp. FFBC
  • Flushing Financial Corp. FFIC
  • Fulton Financial Corp. FULT
  • Independent Bank Corp. INDB
  • Lakeland Bancorp, Inc. LBAI
  • Park National Corp. PRK
  • Peapack-Gladstone Financial Corp. PGC
  • Provident Financial Services, Inc. PFS
  • Sandy Spring Bancorp, Inc. SASR
  • Univest Financial Corp. UVSP
  • WesBanco, Inc. WSBC
  • WSFS Financial Corp. WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 27, 2026=◇◇◇
2024May 19, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 29, 2019=◇◇◇
2017May 31, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact OceanFirst Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where OceanFirst Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
265 figures on this page: 256 cited to the filing that reported them, 9 calculated from figures it prints.
256 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001004702-26-000061
  2. 0001308179-26-000348
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001004702-25-000092
  4. 0001308179-25-000428
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0001004702-24-000088
  6. 0001308179-24-000502
    Summary Compensation Table
  7. 0001004702-23-000118
  8. 0001004702-22-000099
  9. 0001004702-21-000100
  10. 0001004702-20-000124
  11. 0001004702-19-000091
  12. 0001004702-18-000107
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001004702-17-000116
  14. 0001004702-22-000079
    EX-10.47
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Velarion, “OceanFirst Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/OCFC (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers OceanFirst Financial discloses

The companies named in OCFC's own disclosed peer group.

Atlantic Union Bankshares Corp.Berkshire Hills Bancorp, Inc.City Holding CompanyCommunity Financial System, Inc.ConnectOne Bancorp, Inc.Customers Bancorp, Inc.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.Eastern Bankshares, Inc.First Financial Bancorp.Flushing Financial Corp.Fulton Financial Corp.Independent Bank Corp.Park National Corp.Peapack-Gladstone Financial Corp.Provident Financial Services, Inc.Univest Financial Corp.WesBanco, Inc.WSFS Financial Corp.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy