John R. Garbarino has been a key figure at OceanFirst Financial Corp. since 1996, serving as its CEO and Chairman. With a Bachelor's degree in Finance, he has been with the company for a long time, starting from its early...

Current Market Cap

$1.18B

Number of Employees

920

Total Compensation

2009 - 2013

Trending up by 28.04% last year
Showing total compensation for the last 2009 - 2013

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -5.74% last year

Other

Up by 71.93% last year

Year

2013

Total Compensation

$1.45M

Salary

$490.50K

Board Justification

The compensation program is designed to attract, retain, and reward highly qualified executives while aligning their interests with those of stockholders and ensuring prudent risk management.

Bonus

$175.00K

Board Justification

Discretionary bonus for 2013 based on performance assessment by the Compensation Committee.

Other

$784.53K

Board Justification

Includes contributions to the SERP, matching contributions to the 401(k) Plan, life insurance premiums, long-term disability premiums, automobile benefit, and club dues.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock awards vested in 2013; all stock awards are subject to vesting schedules.

Performance Metrics

The performance metrics for 2013 included net income and efficiency ratio, but the targets were not met, resulting in no cash incentives under the guidelines.

SEC Filing

From March 25, 2014