OceanFirst Financial (OCFC) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 19, 2025, to be held virtually, with voting on director elections, executive compensation, and auditor ratification.

• 2024 highlights include continued profitability, stable assets and deposits, and an upgraded CRA rating.

• Board and management encourage shareholder engagement and voting through multiple channels.

Voting matters and shareholder proposals

• Shareholders will vote on the election of 13 directors, an advisory say-on-pay vote, and ratification of Deloitte & Touche LLP as auditor.

• Board recommends voting FOR all director nominees, executive compensation, and auditor ratification.

• Shareholders of record as of March 25, 2025, are eligible to vote.

Board of directors and corporate governance

• Board consists of 13 directors, with 11 considered independent.

• Board leadership combines Chairman and CEO roles, with an independent Lead Director.

• Annual self-assessment and director training conducted; board refreshment through new appointments and retirements.

• Board committees include Audit, Compensation, Leadership, Risk, Finance, and Information Technology, all with independent members.

• Board diversity: 30.8% female, representation from multiple ethnic backgrounds.