other
confidence high
sentiment neutral
materiality 0.10
OceanFirst amends CEO Maher's SERP to clarify disability termination payout
OCEANFIRST FINANCIAL CORP
- Amendment to Supplemental Executive Retirement Account Agreement executed March 28, 2025.
- New provision: upon disability termination, CEO receives account balance plus plan-year credit amount within 30 days.
- No other substantive changes to the original 2013 agreement.
- CEO Christopher D. Maher remains Chairman, President and CEO of OceanFirst and the Bank.