ISBC 2017 Form 10-K & 2018 Proxy Statement

62 (2) Messrs. Albanese, Bone, Cashill, Cosgrove, Dittenhafer, Garibaldi and Ward and Mses. Byrnes and Siekerka each had unexercised stock option awards of 250,000, respectively, at December 31, 2017 which were granted June 23, 2015 under the 2015 Equity Incentive Plan. Mr. Cosgrove had unexercised stock option awards of 100,000 at December 31, 2017 which were received as an employee of Investors Bank under the 2006 Equity Incentive Plan. Mr. Albanese and Ms. Siekerka had unexercised stock option awards of 35,302 and 70,606 options, respectively, at December 31, 2017, which were granted under the Roma Financial Corporation 2008 Equity Incentive Plan. (3) This amount includes perquisites and other personal benefits, or property, if the aggregate amount for each director is at least $10,000. Specifically, this amount represents the premiums paid for long term care coverage for Messrs. Cashill and Dittenhafer and Ms. Byrnes and their spouses. In addition, the amount includes automobile allowance and club dues for Mr. Cosgrove. For Messrs. Albanese and Bone and Ms. Siekerka includes imputed income with respect to their split dollar life insurance agreements. (4) Mr. Carlin was appointed to the Board of Directors of Investors Bancorp and Investors Bank on March 27, 2017. Other Matters Director Stock Ownership Requirements The Board believes its directors should have a financial investment in Investors Bancorp to further align their interests with stockholders. Directors are expected to own at least 25,000 shares of common stock (excluding stock options). Stock holdings are expected to be achieved within five (5) years of either the implementation of the ownership guidelines or the starting date of the individual, whichever is later. Securities Authorized for Issuance Under Equity Compensation Plans Set forth below is information as of December 31, 2017 regarding equity compensation plans categorized by those plans that have been approved by stockholders and those plans that have not been approved by stockholders. Number of Securities to be Issued Upon Exercise of Outstanding Options and Rights (1) Weighted Average Exercise Price (2) Number of Securities Remaining Available For Issuance Under Plan Equity compensation plans approved by stockholders 12,302,750 $ 12.00 11,442,722 (3) Equity compensation plans not approved by stockholders — $ — — Total 12,302,750 $ — 11,442,722 (1) Includes outstanding stock options to purchase 665,250 shares of common stock granted under the 2006 Equity Incentive Plan, outstanding stock options to purchase 361,061 shares of common stock granted under the Roma Financial Corporation 2008 Equity Incentive Plan and 833,333 performance-based stock awards granted under the 2015 Equity Incentive Plan. (2) With respect to the stock options, the weighted average exercise price reflects an exercise price of $5.29 for 355,883 stock options granted in 2008; an exercise price of $4.97 for 12,750 stock options granted in 2010; an exercise price of $6.76 for 559,503 stock options granted in 2013; an exercise price of $10.24 for 98,175 stock options granted in 2014; an exercise price of $12.54 for 10,187,317 stock options granted in 2015; an exercise price of $11.62 for 162,069 stock options granted in 2016 and an exercise price of $13.24 for 93,720 stock options granted in 2017 under the Company’s stock-based compensation plans. (3) Represents the number of available shares that may be granted as stock options and other stock awards under the Company’s stock- based compensation plans. PROXY STATEMENT