Christopher D. Maher has been the President and CEO of OceanFirst Financial Corp since 2015. His journey into leadership began when he joined the company in 2013 as President and Chief Operating Officer. Born in 1969 and educated with a...

Current Market Cap

$1.20B

Number of Employees

920

Total Compensation

2018 - 2022

Trending up by 1.10% last year
Showing total compensation for the last 2018 - 2022

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.96% last year

Other

Up by 11.76% last year

Year

2022

Total Compensation

$1.97M

Salary

$950.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of stockholders, incorporating both fixed and performance-based elements.

Bonus

$899.78K

Board Justification

The cash incentive compensation for 2022 was based on the performance of the Company, the Bank, and individual performance against established goals, resulting in a payout of 116% of the target bonus.

Other

$123.61K

Board Justification

Other compensation includes contributions to the Employee Stock Ownership Plan, 401(k) match, SERP allocation, life insurance premiums, automobile benefits, club dues, and executive physicals.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2022 as the focus was on performance-based and time-based restricted stock that will vest in future years.

Performance Metrics

Performance metrics for 2022 included Core Earnings, Core Efficiency Ratio, Internal Controls, and ESG measures.

SEC Filing

From April 21, 2023