Form 4: Flushing Financial Corp Merger Completion Form 4

Senior EVP Douglas J. McClintock reports the disposal of all Flushing Financial Corp shares following the company's merger with OceanFirst Financial Corp.

Summary

• Douglas J. McClintock, Senior EVP of Flushing Financial Corp (FFIC), reported the disposal of all direct and indirect holdings of FFIC common stock.
• The disposal occurred on June 1, 2026, as a result of the completed merger between Flushing Financial Corp and OceanFirst Financial Corp (OCFC).
• Under the merger agreement, each share of FFIC common stock was converted into the right to receive 0.85 shares of OCFC common stock.
• The reporting person no longer holds any beneficial ownership in Flushing Financial Corp.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final equity settlement of a previously announced merger.

Positives

• Successful completion of the merger with OceanFirst Financial Corp as of June 1, 2026.
• Acceleration and vesting of previously unvested restricted stock units (RSUs) and performance restricted stock units (PRSUs) at target levels.

Negatives

• The reporting person has ceased to hold any equity interest in the issuer due to the acquisition.

Risks

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

Future Outlook

The issuer has been acquired by OceanFirst Financial Corp; therefore, no further independent forward-looking guidance for Flushing Financial Corp is provided.

Industry Context

StockSavvy.ai notes that this filing confirms the finalization of a regional banking consolidation, reflecting the ongoing trend of M&A activity within 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 consideration structures.
• The acceleration of equity awards upon a change-in-control event is standard practice in executive compensation agreements.

Stakeholder Impact

• Shareholders of Flushing Financial Corp have received OceanFirst Financial Corp shares as merger consideration.

Next Steps

• Final delisting of Flushing Financial Corp (FFIC) from public exchanges.

Key Dates

Keywords

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