Oceanfirst Financial: Pay

Oceanfirst Financial paid its 5 named executives $9.6M in total in FY2025 (Dec). CEO Christopher D. Maher was paid $3.1M of that.

Pay$100 in the stock at the end of FY20 → $106
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Christopher D. MaherChairman and CEO of the Company and the Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Joseph J. Lebel lllPresident and Chief Operating Officer of the Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Patrick S. BarrettSenior Executive Vice President and CFO of the Company and the Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
4 years
Michele B. EstepSenior Executive Vice President and Chief Administrative Officer of the Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Steven J. TsimbinosSenior Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years

CEO pay against the pay peers

In FY2024 (Dec), the median CEO pay of the 8 peers with pay on file was $3.1M. The CEO of Oceanfirst Financial was paid $3.0M, 3% below the median.

  1. 1Wsfs Financial
  2. 2Atlantic Union Bankshares
  3. 3Provident Financial Services
  4. 4Fulton Financial
  5. 5Oceanfirst Financial
  6. 6Independent Bank
  7. 7Peapack Gladstone Financial
  8. 8Univest Financial
  9. 9City Holding
  10. 10Berkshire Hills, Bancorp, Inc.Not disclosed
  11. 11Brookline Bancorp, Inc.Not disclosed
  12. 12Community Bank System, Inc.Not disclosed
  13. 13ConnectOne BancorpNot disclosed
  14. 14Customers BancorpNot disclosed
  15. 15Dime Community Bancshares, Inc.Not disclosed
  16. 16Eagle BancorpNot disclosed
  17. 17Eastern BanksharesNot disclosed
  18. 18First Financial BancorpNot disclosed
  19. 19Flushing Financial Corp.Not disclosed
  20. 20Lakeland Bancorp, Inc.Not disclosed
  21. 21Park National Corp.Not disclosed
  22. 22Sandy Spring Bancorp, Inc.Not disclosed
  23. 23WesbancoNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.