OCEANFIRST FINANCIAL CORP
For the period ended Mar 31, 2025. Filed May 2, 2025.
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Mar 31, 2025 · Filed May 2, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Purchases of Equity Securities
On June 25, 2021, the Company announced the authorization by the Board of Directors to repurchase up to 5% of the Company’s outstanding common stock, or 3.0 million shares. The stock repurchase plan has no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the plan at any time. The Company repurchased 322,337 shares of its common stock during the three month period ended March 31, 2025. At March 31, 2025, there were 1,228,863 shares available for repurchase under the Company’s stock repurchase program.
| Total Number ofShares Purchased | Average Price Paid per Share | Total Number ofShares Purchased as Part of Publicly Announced Plan or Program | Maximum Numberof Shares that MayYet Be PurchasedUnder the Plan orProgram | |
|---|---|---|---|---|
| January 1, 2025 through January 31, 2025 | — | $— | — | 1,551,200 |
| February 1, 2025 through February 28, 2025 | 13,704 | 17.89 | 13,704 | 1,537,496 |
| March 1, 2025 through March 31, 2025 | 308,633 | 16.97 | 308,633 | 1,228,863 |
For the three months ended March 31, 2025, there were 76,058 shares that were repurchased outside of the Company’s stock repurchase program at an average share price of $18.01. The Company repurchased these shares from employees that elected to sell to cover their withholding tax obligations on vested stock awards. These shares were repurchased pursuant to the terms of the applicable plan and not under the Company’s share repurchase program.
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