In 2013, John R. Garbarino earned $1.45M in total compensation at OceanFirst Financial, including $490.50K salary and $175.00K bonus. Most recently sold 15,000 shares in May 2017. Currently holds stock worth $6.75M. Has donated $10.43M in stock to charitable causes. Led OceanFirst Financial as CEO for 13 years.
Compensation History
Annual executive compensation data for John R. Garbarino, including salary, bonuses, and stock awards.
Year
2013
Total Compensation
$1.45M
Salary
$490.50K
Bonus
$175.00K
Other
$784.53K
Salary
$490.50KBoard 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
$175.00KBoard Justification
Discretionary bonus for 2013 based on performance assessment by the Compensation Committee.
Other Compensation
$784.53KBoard 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
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.
John R. Garbarino
Ex-CEO of OceanFirst Financial
Education
Bachelor's degree in Finance
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1954 - 71 years ago
CEO of OceanFirst Financial for
13 years 7 months (Jan 2000 - Aug 2013)
Previous Experience
Various leadership roles in banking and finance
Other OceanFirst Financial CEOs
Holdings
Track John R. Garbarino's stock holdings and portfolio value over time.
Total Stock Sold
$4.59M
$4.59M
215,220 OCFC shares
What if they kept their stock?
If John R. Garbarino didn't sell their stock, today they would have:
Extra OCFC215,220 shares worth $4.16M.
This is -9.3% and $426.50K less than what they got when they sold the stock.
Charitable Transactions
539,758 shares
OCFC
Recent Charitable Transactions
7,000 shares
OCFC
Aug 9, 2016
Charity
530,554 shares
OCFC
Dec 11, 2013
Charity
2,204 shares
OCFC
Jul 1, 2013
Charity
Insider Trading
John R. Garbarino's recent stock transactions, purchases, and sales filed with the SEC.
$394.65K
OCFC at $26.31/share
May 23, 2017
Sale
1,335 shares
OCFC
Mar 15, 2017
Received
1,035 shares
OCFC
Mar 15, 2017
Received
$604.40K
OCFC at $30.22/share
Mar 1, 2017
Sale
$87.00K
OCFC at $29.00/share
Feb 10, 2017
Sale
$205.58K
OCFC at $29.37/share
Feb 13, 2017
Sale
$3.08M
OCFC at $19.25/share
Aug 25, 2016
Sale
7,000 shares
OCFC
Aug 9, 2016
Charity
$188.40K
OCFC at $18.84/share
Aug 9, 2016
Sale
1,740 shares
OCFC
Jan 19, 2016
Received
Rivals
Compare John R. Garbarino with competitor CEOs and industry peers.
Kevin S. Kim
CEO of Hope Bancorp
2023 Compensation
Stock
$700.98K
Salary
$1.05M
Bonus
$1.05K
Other
$60.71K
Total Holdings
$1.27M
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
Anthony Labozzetta
CEO of Provident Financial Services
2023 Compensation
Stock
$61.82K
Salary
$818.27K
Bonus
$309.38K
Other
$121.55K
Total Holdings
$20.11K
H. Palmer Proctor, Jr.
CEO of Ameris Bancorp
2023 Compensation
Stock
$1.90M
Salary
$925.00K
Bonus
$1.44M
Other
$98.20K
Total Holdings
$1.46M
Jeffrey M. Schweitzer
CEO of Univest Financial Corporation
2022 Compensation
Stock
$0.00
Salary
$806.00K
Bonus
$250.57K
Other
$26.25K
Total Holdings
$127.87K