Form 4: Flushing Financial Corp Merger Completion Filing

Director Caren C. Yoh reports the disposal of all Flushing Financial Corp common stock following the completion of the merger with OceanFirst Financial Corp.

Summary

• Director Caren C. Yoh disposed of 56,685 shares of Flushing Financial Corp (FFIC) common stock on June 1, 2026.
• An additional 4,800 unvested restricted stock units (RSUs) were converted into OceanFirst Financial Corp (OCFC) RSUs.
• The transactions were executed pursuant to the Agreement and Plan of Merger dated December 29, 2025.
• The merger consideration was 0.85 shares of OCFC common stock for each share of FFIC common stock.
• The reporting person no longer holds any direct or indirect beneficial ownership in Flushing Financial Corp.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced merger.

Positives

• Successful completion of the merger with OceanFirst Financial Corp as of June 1, 2026.
• Shareholders received a defined conversion ratio of 0.85 shares of OCFC for each FFIC share.

Negatives

• The reporting person has exited their position in Flushing Financial Corp, signaling the end of their direct equity interest in the issuer.

Risks

• Integration risks associated with the merger between Flushing Financial Corp and OceanFirst Financial Corp.

Future Outlook

The filing does not provide forward-looking guidance for the combined entity, as it is a disclosure of a completed merger transaction.

Industry Context

StockSavvy.ai notes that this filing confirms the finalization of a regional banking consolidation, reflecting the ongoing trend of M&A activity in the U.S. banking sector to achieve scale and operational efficiencies.

Comparison to Industry Standards

• The 0.85 exchange ratio is consistent with standard bank merger premiums observed in recent regional banking consolidations.
• The conversion of unvested RSUs into the acquiring entity's equity is standard practice in change-of-control transactions.

Stakeholder Impact

• Shareholders of FFIC have transitioned to holding shares in OCFC.
• Director Caren C. Yoh has ceased to be a reporting person for FFIC.

Next Steps

• Final delisting of Flushing Financial Corp (FFIC) from the exchange.

Key Dates

Keywords

Flushing Financial Corp, FFIC, OceanFirst Financial Corp, OCFC, Merger, Form 4, Insider Transaction