| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|

| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|------------------------------------------------------------------------------------------|

| Delaware                                                      |   | 30-0628335                             |
|---------------------------------------------------------------|--------|----------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification Number) |
| 370 Pascack Road, Township of Washington |   | 07676      |
|------------------------------------------|--------|------------|
| (Address of principal executive offices) |   | (Zip code) |
| Title of each class           | Name of exchange on which registered |
|-------------------------------|--------------------------------------|
| Common Stock, $0.01 par value | The NASDAQ Stock Market, LLC         |
| Large accelerated filer |   | ☒ |    | Accelerated filer              |   | ☐ |
|-----------------------------------|--------|---------|--------------|-------------------------------------|--------|---------|
| Non-accelerated filer             |   | ☐ |    | Smaller reporting company |   | ☐ |
| Emerging growth company |   | ☐ |         |                                |   |    |

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| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
|----------|--------------------------------------------------------|

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| • | sole authority for retaining, evaluating and removing the Company’s independent registered public accounting firm to audit the annual financial statements; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | in consultation with the independent registered public accounting firm and the internal auditor, reviewing the integrity of Oritani Financial Corp.’s financial reporting processes, both                internal and external; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | reviewing the financial statements and the audit report with management and the independent registered public accounting firm; |
|---------|--------------------------------------------------------------------------------------------------------------------------------|

| • | reviewing earnings and financial releases and quarterly and annual reports filed with any governmental body; and |
|---------|------------------------------------------------------------------------------------------------------------------|

| • | reviewing and pre-approving engagements for audit and non-audit services by the independent registered public accounting firm. |
|---------|--------------------------------------------------------------------------------------------------------------------------------|

| ITEM 11. | EXECUTIVE COMPENSATION |
|----------|------------------------|

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| • | the timing and occurrence or non-occurrence of events that may be subject to circumstances beyond our control; |
|---------|----------------------------------------------------------------------------------------------------------------|

| • | increases in competitive pressure among financial institutions or from non-financial institutions; |
|---------|----------------------------------------------------------------------------------------------------|

| • | changes in the interest rate environment; |
|---------|-------------------------------------------|

| • | changes in deposit flows, loan demand or collateral values; |
|---------|-------------------------------------------------------------|

| • | changes in accounting principles, policies or guidelines; |
|---------|-----------------------------------------------------------|

| • | changes in general economic conditions, either nationally or locally in some or all areas in which we do business, or conditions in the real estate or securities markets or the banking                industry; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | legislative or regulatory changes.; |
|---------|-------------------------------------|

| • | supervision and examination by the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance and the Board of Governors of the Federal Reserve System; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | effects of changes in existing U.S. government or government-sponsored mortgage programs; |
|---------|-------------------------------------------------------------------------------------------|

| • | our ability to successfully implement technological changes; |
|---------|--------------------------------------------------------------|

| • | our ability to successfully consummate new business initiatives; |
|---------|------------------------------------------------------------------|

| • | litigation or other matters before regulatory agencies, whether currently existing or commencing in the future; |
|---------|-----------------------------------------------------------------------------------------------------------------|

| • | our ability to implement enhanced risk management policies, procedures and controls commensurate with shifts in our business strategies and regulatory expectations; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the actual results of our proposed merger with and into Valley National Bancorp, Inc. could vary materially as a result of a number of factors, including the possibility that various                closing conditions for the transaction may not be satisfied or waived, and the merger agreement could be terminated under certain circumstances; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the potential impact of the announcement of the proposed merger with and into Valley National Bancorp, Inc. on relationships with third parties, including customers, employees and                competitors; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | business disruption following the proposed merger with and into Valley National Bancorp, Inc.; |
|---------|------------------------------------------------------------------------------------------------|

| • | difficulties and delays in integrating Oritani and Valley National Bancorp, Inc. businesses or fully realizing cost savings and other benefits; and |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| • | delays in closing the merger with and into Valley National Bancorp, Inc. |
|---------|--------------------------------------------------------------------------|

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| • | issue or grant any option, warrant, call, commitment, subscription, right to purchase or agreement of any character relating to the authorized or issued capital stock of Oritani; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | except for retention payments paid pursuant to the Merger Agreement, (A) grant any severance or termination pay (other than severance or termination pay pursuant to the Oritani benefit plans in effective on                the date hereof or severance pay consistent with past practice) to, (B) enter into or amend any employment agreement with, any of its directors, officers or employees, adopt any new employee benefit plan or arrangement of any type or amend                any such existing benefit plan or arrangement (other than amendments required to comply with applicable law and regulations) or (C) grant any salary or wage increase or increase any employee benefit or pay any incentive, commission or bonus                payments, or grant any equity compensation except (1) for normal increases in base compensation to employees, including officers, in the ordinary course of business consistent with past practice and pursuant to written policies currently in                effect, provided that such increases shall not result in an annual increase in total annual cash compensation of more than 3% for any individual or 3% in the aggregate for all employees of Oritani (provided, however, the 3% individual limit                shall not apply to any employee whose annual compensation is less than $100,000), (2) to satisfy written contractual obligations existing as of the date of the Merger Agreement and (3) for an annual bonus payment paid to any individual                employee pursuant to written policies currently in effect and as to executive officers; and |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | agree to do any of these prohibited actions. |
|---------|----------------------------------------------|

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| • | within 30 days prior to the closing of the Merger, the Amended and Restated 2005 Directors Deferred Fee Plan and the Amended and Restated Directors’ Retirement Plan (the “Director Retirement Plan”) will be                terminated by Oritani, as directed by Valley and the accumulated benefits due under the plans will be paid to each participant in a cash lump sum within 12 months thereafter; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | the Oritani Bank Employee Stock Ownership Plan (the “ESOP”) will be terminated and the outstanding loan to the ESOP will be paid by the ESOP by delivering a sufficient number of                unallocated shares to the lender, which is Oritani, and the remaining unallocated shares will be allocated to active plan participants pro-rata as earnings; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | five non-employee directors under the Director Retirement Plan and Kevin Lynch under the Senior Officer Post-Retirement Plan (the “Officer Retiree Health Plan”) will be paid an aggregate payment of $3.0                million by Valley to terminate its future retiree health obligations to them following the Merger; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | in connection with the Merger, the Named Executive Officers will be awarded under the Executive  Officer Incentive Plan a bonus at maximum achievement for the fiscal year ended June 30, 2019, and a pro-rata                bonus at target level for the fiscal year ended on June 30, 2020, based on the number of days through the closing date of the Merger; and |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | The rate of interest paid on deferred compensation under the Benefit Equalization plan will be reduced to a rate commensurate to the rate paid by Valley on similar liabilities (which is currently equal to 3                month Libor plus 200 basis points). |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Net income of $52.1 million. |
|---------|------------------------------|

| • | Return on average assets of 1.27% (in the top quartile of our peers) and return on average equity of 9.60%. |
|---------|-------------------------------------------------------------------------------------------------------------|

| • | Efficiency ratio of 36.64% (the top performer in our peer group) |
|---------|------------------------------------------------------------------|

| • | Basic earnings per share of $1.19. |
|---------|------------------------------------|

| • | Dividends of $1.15 per share paid in the fiscal year. |
|---------|-------------------------------------------------------|

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|                | Loans, net | Deposits      |
|---------------------|------------|---------------|
| Date                | Balance    | Annual Growth | Balance | Annual Growth |
||
| 6/30/2019           | 3,491,322  | (1.4)%        | 2,923,244 | 0.3% |
| 6/30/2018           | 3,540,903  | (0.7)%        | 2,915,128 | 2.1% |
| 6/30/2017           | 3,566,703  | 13.9%         | 2,856,478 | 26.4% |
| 6/30/2016           | 3,131,957  | 13.6%         | 2,260,003 | 15.1% |
| 6/30/2015           | 2,756,212  | 10.1%         | 1,962,737 | 24.1% |
| 6/30/2014           | 2,503,894  | 10.0%         | 1,580,975 | 11.4% |
| 6/30/2013           | 2,275,782  |          | 1,419,703 |   |
|                |       |          |   |   |
| Average Growth Rate |       |          |
|                |       |          | Loans | 7.6% |
|                |       |          | Deposits | 13.2% |
| Return on Average Assets |
|--------------------------|
| TwelveMonthsEnded        | OritaniResult | PeerMedian |
| 6/30/2019                | 1.27% | 1.00% |
| 6/30/2018                | 1.04% | 0.88% |
| 6/30/2017                | 1.64% | 0.87% |
| 6/30/2016                | 1.44% | 0.90% |
| 6/30/2015                | 1.40% | 0.90% |

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| • | Bridge Bancorp, Inc.; Brookline Bancorp, Inc.; ConnectOne Bancorp, Inc.; Dime Community Bancshares; Flushing Financial Corp.; First of Long Island Corp.; Kearny Financial Corp.; Lakeland Bancorp, Inc.;                Northfield Bancorp, Inc.; OceanFirst Financial Corp.; Peapack-Gladstone Financial Corp.; Tompkins Financial Corp.; Trustco Bank Corp. NY; United Financial Bancorp, Inc. and WSFS Financial Corp. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|              |  Starting Base Salary |  IncreaseDate |   Increase |   Percent Increase |  Base Salary at6/30/19 |
|-------------------|--------------------------------------|--------------------|----------------------|-----------------------------------|----------------------------------|
|              |
|              |
| Kevin Lynch       | $738,500                             | —            | $ —       | —%                          | $738,500                         |
| John Fields       | 349,129                              | 11/05/18           | 10,474               | 3.00%                             | 359,603                          |
| Louis Manderino   | 264,000                              | 11/05/18           | 21,000               | 7.95%                             | 285,000                          |
| Kurt Breitenstein | 250,000                              | 11/05/18           | 15,500               | 5.00%                             | 262,500                          |
| Philip Wyks       | 212,641                              | 11/05/18           | 6,379                | 3.00%                             | 219,020                          |

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|                                                  |  (dollars in thousands)                    |                                |                                                          |
|-------------------------------------------------------|-------------------------------------------------|-------------------------------------|---------------------------------------------------------------|
|  SHORT TERM INCENTIVE PLAN (STIP)                |
|  Measurement Period July 1, 2018 - June 30, 2019 |
|                                                  |                                            |                                |  Maximum                                                 |  Target |  Threshold |
|                                                  |  Pretax Income Gate                        |                                |  $             60,000 |  $             55,000 |  $             50,000 |
|                                                  |                                            |                                |                                                          |   |   |
|                                                  |                                            |                                |  Achievement level required to earn:                     |
|                                                  |  GOAL                                      | 6 points                            | 4 points                                                      | 2 points |
|                                                  |  Loan Growth                               |                                |                                                          |   |
|                                                  |                                            |  Balance growth of at least    |  $           176,000       |  $           125,000 |  $             75,000 |
|                                                  |                                            |  or                            |                                                          |   |   |
|                                                  |                                            |  Loan originations of at least |  $           490,000       |  $           425,000 |  $           350,000 |
|                                                  |                                            |                                |                                                          |   |   |
|                                                  |  Deposit Growth (net of brokered deposits) |                                |                                                          |   |
|                                                  |                                            |  Balance growth of at least    |  $           197,000       |  $           146,000 |  $           99,000 |
|                                                  |                                            |                                |                                                          |   |   |
|                                                  |                                            |                                | 3 points                                                      | 2 points | 1 point |
|                                                  |  Efficiency Ratio                          |  </= 35.87%                 |  35.88 - 43.83%                                          |  43.84 - 47.82% |
|                                                  |                                            |                                |                                                          |   |   |
|                                                  |  Non Performing Asset ratio                |  </= 0.25%                  |  0.26 - 0.50%                                            |  0.51-0.76% |
|                                                  |                                            |                                |                                                          |
|  LONG TERM INCENTIVE PLAN (LTIP)                 |
|  Measurement Period July 1, 2018 - June 30, 2021 |
|                                                  |  GOAL                                      |  Maximum                       |  Target                                                  |  Threshold |
|                                                  |  Return on Average Assets                  |                                |                                                          |   |
|                                                  |                                            |  Ratio of at least             | 1.00%                                                         | 1.00% | 0.75% |
|                                                  |                                            |                                |  and                                                     |  or |  or |
|                                                  |                                            |  Peer group ranking            |  top quartile                                            |  top quartile |  top half |
|                | Estimated Possible Payouts Under Short Term Incentive Plan (1) |
|---------------------|----------------------------------------------------------------|
||
| Name                | GrantDate                                                      | Measurement Period |   |   |   |
| Start               | End                                                            | Term | Threshold | Target | Maximum |
| Kevin J. Lynch      | July 1, 2018                                                   | July 1, 2018 | June 30, 2019 | 1 year | $184,625 | $369,250 | $553,875 |
| John M. Fields, Jr. | July 1, 2018                                                   | July 1, 2018 | June 30, 2019 | 1 year | $69,826 | $122,195 | $174,565 |
| Louis Manderino     | July 1, 2018                                                   | July 1, 2018 | June 30, 2019 | 1 year | $52,800 | $92,400 | $132,000 |
| Kurt Breitenstein   | July 1, 2018                                                   | July 1, 2018 | June 30, 2019 | 1 year | $50,000 | $87,500 | $125,000 |
| Philip M. Wyks      | July 1, 2018                                                   | July 1, 2018 | June 30, 2019 | 1 year | $15,948 | $31,896 | $47,844 |
|                |                                                           |   |   |   |   |   |   |

| (1) | Assumes full achievement of the individual component of the Incentive Plan goal. |
|-----|----------------------------------------------------------------------------------|

|                | Estimated Possible Payouts Under Long Term Incentive Plan (1) |
|---------------------|---------------------------------------------------------------|
||
| Name                | GrantDate                                                     | Measurement Period |   |   |   |
| Start               | End                                                           | Term | Threshold | Target | Maximum |
| Kevin J. Lynch      | July 1, 2018                                                  | July 1, 2018 | June 30, 2021 | 3 years | $125,545 | $258,475 | $369,250 |
| John M. Fields, Jr. | July 1, 2018                                                  | July 1, 2018 | June 30, 2021 | 3 years | $52,369 | $87,282 | $122,195 |
| Louis Manderino     | July 1, 2018                                                  | July 1, 2018 | June 30, 2021 | 3 years | $39,600 | $66,000 | $92,400 |
| Kurt Breitenstein   | July 1, 2018                                                  | July 1, 2018 | June 30, 2021 | 3 years | $37,500 | $62,500 | $87,500 |
| Philip M. Wyks      | July 1, 2018                                                  | July 1, 2018 | June 30, 2021 | 3 years | $10,632 | $21,264 | $31,896 |

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| • | A tax-qualified defined benefit plan (frozen as of December 31, 2008); a 401(k) plan (with an employer matching contribution equal to 50% of the first 6% of employee deferrals); and the                ESOP (with annual employer contribution equal to the amount of the annual ESOP loan repayment). |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | A nonqualified Benefit Equalization Plan which provides benefits to certain employees who are disallowed certain benefits under the Company’s qualified benefit plans; a nonqualified                Executive Supplemental Retirement Income Agreement for our Chief Executive Officer; and a post-retirement medical plan for certain eligible senior officers. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name and                principal position                             | Fiscal Year | Salary ($) (1) | Bonus   | Stock Awards ($) | Option Awards ($) | Non Equity Incentive Plan Compensation ($) | Change in pension value and non—qualified deferred compensation earnings                ($) (2) | All other compensation                ($) (3) | Total ($) |
|------------------------------------------------------------------------|-------------|----------------|---------|------------------|-------------------|--------------------------------------------|-------------------------------------------------------------------------------------------------------|-----------------------------------------------|-----------|
| Kevin J. LynchPresident andChief Executive Officer                     | 2019        | 752,702        | — | —          | —           | 519,166                                    | 2,081,975                                                                                             | 169,663                                       | 3,523,505 |
| 2018                                                                   | 744,181     | —        | — | —          | 738,500           | 665,432                                    | 195,215                                                                                               | 2,343,328                                     |
| 2017                                                                   | 781,106     | —        | — | —          | 738,500           | 3,305,304                                  | 235,540                                                                                               | 5,060,451                                     |
|                                                                   |        |           |    |             |              |                                       |                                                                                                  |                                          |      |
| John M. Fields, Jr.Executive Vice Presidentand Chief Financial Officer | 2019        | 371,191        | — | —          | —           | 178,056                                    | 235,388                                                                                               | 126,983                                       | 911,618   |
| 2018                                                                   | 363,065     | —        | — | —          | 227,103           | 24,087                                     | 145,482                                                                                               | 759,738                                       |
| 2017                                                                   | 339,620     | —        | — | —          | 213,241           | 808,746                                    | 172,477                                                                                               | 1,534,084                                     |
|                                                                   |        |           |    |             |              |                                       |                                                                                                  |                                          |      |
| Louis ManderinoExecutive Vice Presidentand Chief Risk Officer          | 2019        | 277,731        | — | —          | —           | 134,640                                    | 21,805                                                                                                | 109,511                                       | 543,686   |
| 2018                                                                   | 259,754     | —        | — | 17,800           | 160,800           | 17,422                                     | 131,058                                                                                               | 586,834                                       |
| 2017                                                                   | 227,875     | —        | — | —          | 56,238            | 14,278                                     | 140,838                                                                                               | 439,230                                       |
|                                                                   |        |           |    |             |              |                                       |                                                                                                  |                                          |      |
| Kurt BreitensteinExecutive Vice Presidentand Chief Lending Officer     | 2019        | 258,173        | — | —          | —           | 55,250                                     | —                                                                                               | 125,859                                       | 439,281   |
| 2018                                                                   | 218,654     | —        | — | 26,700           | 8,550             | —                                    | 45,922                                                                                                | 299,826                                       |
| 2017                                                                   | 138,846     | —        | 156,500 | 26,800           | —           | —                                    | 17,335                                                                                                | 339,481                                       |
|                                                                   |        |           |    |             |              |                                       |                                                                                                  |                                          |
|                                                                   |        |           |    |             |              |                                       |                                                                                                  |                                          |      |
| Philip M. WyksSenior Vice Presidentand Corp. Secretary                 | 2019        | 216,812        | — | —          | —           | 53,160                                     | 232,011                                                                                               | 101,365                                       | 603,348   |
| 2018                                                                   | 210,497     | —        | — | —          | 61,934            | 43,051                                     | 120,454                                                                                               | 435,937                                       |
| 2017                                                                   | 204,367     | —        | — | —          | 60,130            | 53,347                                     | 141,311                                                                                               | 459,154                                       |
|                                                                   |        |           |    |             |              |                                       |                                                                                                  |                                          |      |

| (1) | Includes payments for unused vacation days made to Mr. Lynch of $14,202, $5,681; and $42,606 for 2019, 2018 and 2017, respectively, and to Mr. Fields of $15,214, $17,465 and $7,822 for 2019,                2018 and 2017, respectively. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The amounts in this column reflect the actuarial change in the present value over the course of the fiscal year, of the Named Executive Officer’s benefits under the Defined Benefit Plan and                the defined benefit portion of the Benefit Equalization Plan.  The amounts in this column also include the increase in the value of the Named Executive Officer’s benefits under the portion of the Benefit Equalization Plan that supplements                the ESOP.  The totals also include the increase in the value of, in the case of Mr. Lynch, an Executive Supplement Retirement Income Agreement and the Directors’ Retirement Plan maintained by Oritani Bank, and, in the case of Mr. Fields,                the Director’s Retirement Plan maintained by Oritani Bank.  Where applicable, the present value was determined using interest rate and mortality rate assumptions consistent with those used in Oritani Financial Corp.’s audited financial                statements and include amounts for which the Named Executive Officer may not currently be entitled to receive because such amounts are not vested.  For fiscal 2019, this column also includes $423,558, $124,712, $21,805, and $36,638 of                preferential or above-market earnings on non tax-qualified deferred compensation for the portion of the Benefit Equalization Plan that supplements the 401(k) for Messrs. Lynch, Fields,  Manderino and Wyks, respectively. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The amounts in this column represent the total of all perquisites (non-cash benefits and perquisites such as the use of employer-owned automobiles, membership dues and other personal                benefits), employee benefits (employer cost of life insurance and health insurance), employer contributions to defined contribution plans (the 401(k) Plan, the ESOP and the Benefit Equalization Plan) and dividends on unvested stock awards.                The components of the 2019 total are reported separately under the “All Other Compensation” table below. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                | Company Contribution on Medical, Dental, Disability and Insurance Benefits | Automobile Allowance            | Company Contribution to ESOP and 401(k) Plan Match | Benefit Equalization Plan Match  Contribution | Dividends on unvested stock awards | Country Club Dues           | Total    |
|---------------------|----------------------------------------------------------------------------|---------------------------------|----------------------------------------------------|----------------------------------------------------|------------------------------------|-----------------------------|----------|
| Kevin J. Lynch      | $ 37,513                                                              | $ 22,297                   | $ 71,007                                      | $38,156                                            | $ —                     | $ 690                  | $169,663 |
| John M. Fields, Jr. | $ 27,983                                                              | $ 11,516                   | $ 71,007                                      | $16,477                                            | $ —                     | $    — | $126,983 |
| Louis Manderino     | $ 24,997                                                              | $     1,136 | $ 71,007                                      | $12,371                                            | $ —                     | $   —       | $109,511 |
| Kurt Breitenstein   | $ 31,268                                                              | $    7,084            | $ 80,107                                      | $      —            | $   7,400$$744007,400    | $    — | $125,859 |
| Philip M. Wyks      | $ 22,025                                                              | $     2,611 | $ 76,729                                      | $     —                  | $—                           | $   —            | $101,365 |
| Estimated Possible Payouts Under Non-Equity Short Term Incentive Plan (1) |
|---------------------------------------------------------------------------|
| Name                                                                      | GrantDate | Measurement Period |   |   |   |
| Start                                                                     | End | Term | Threshold | Target | Maximum |
| Kevin J. Lynch                                                            | July 1, 2019 | July 1, 2019 | June 30, 2020 | 1 year | $184,625 | $369,250 | $553,875 |
| John M. Fields, Jr.                                                       | July 1, 2019 | July 1, 2019 | June 30, 2020 | 1 year | $71,921 | $125,861 | $179,802 |
| Louis Manderino                                                           | July 1, 2019 | July 1, 2019 | June 30, 2020 | 1 year | $57,000 | $99,750 | $142,500 |
| Kurt Breitenstein                                                         | July 1, 2019 | July 1, 2019 | June 30, 2020 | 1 year | $52,500 | $91,875 | $131,250 |
| Philip M. Wyks                                                            | July 1, 2019 | July 1, 2019 | June 30, 2020 | 1 year | $16,427 | $32,853 | $49,280 |
| Estimated Possible Payouts Under Non-Equity Long Term Incentive Plan (1) |
|--------------------------------------------------------------------------|
| Name                                                                     | GrantDate | Measurement Period |   |   |   |
| Start                                                                    | End | Term | Threshold | Target | Maximum |
| Kevin J. Lynch                                                           | July 1, 2019 | July 1, 2019 | June 30, 2022 | 3 year | $125,545 | $258,475 | $369,250 |
| John M. Fields, Jr.                                                      | July 1, 2019 | July 1, 2019 | June 30, 2022 | 3 year | $53,940 | $89,901 | $125,861 |
| Louis Manderino                                                          | July 1, 2019 | July 1, 2019 | June 30, 2022 | 3 year | $42,750 | $71,250 | $99,750 |
| Kurt Breitenstein                                                        | July 1, 2019 | July 1, 2019 | June 30, 2022 | 3 year | $39,375 | $65,625 | $91,875 |
| Philip M. Wyks                                                           | July 1, 2019 | July 1, 2019 | June 30, 2022 | 3 year | $10,951 | $21,902 | $32,853 |
|                                                                     |   |   |   |   |   |   |   |

| (1) | Assumes full achievement of the individual component of the Incentive Plan goal. |
|-----|----------------------------------------------------------------------------------|

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| OUTSTANDING EQUITY AWARDS AT JUNE 30, 2019 |
|--------------------------------------------|
|                                       | Option Awards |  Stock Awards |
|                                       | 2007 Equity Plan | 2011 Equity Plan |  2011 Equity Plan |
|                                       |  Number of Securities Underlying Unexercised Options Exercisable |  Number of Securities Underlying Unexercised OptionsUnexercisable (1) |  Option Exercise Price | OptionExpir-ationDate (2) |  Number of Securities Underlying Unexercised Options Exercisable |  Number of Securities Underlying Unexercised OptionsUnexercisable (1) |  Option Exercise Price |   OptionExpir-ationDate (2) |  Number of Shares or Units of Stock That Have NotVested (2) |  Market Value Shares or Units of Stock That Have NotVested (3) |
| Kevin J. Lynch                             | — | — | — | — | 901,697 | — |  $   11.95 | 08/18/21 | — | — |
| John M. Fields, Jr.                        | — | — | — | — | 263,160 | — |       11.95 | 08/18/21 | — | — |
| Louis Manderino                            | — | — | — | — | 32,000 | — |       11.95 | 08/18/21 | — | — |
| Louis Manderino                            | — | — | — | — | 4,000 | 16,000 |       15.40 | 04/12/28 | — | — |
| Kurt Breitenstein                          | 8,000 | 12,000 | 15.65 | 10/03/26 | 6,000 | 24,000 |       15.40 | 04/12/28 | 6,000 | 106,440 |
| Philip M. Wyks                             | — | — | — | — | 24,456 | — |       11.95 | 08/18/21 | — | — |
|                                       |   |   |   |   |   |   |   |   |   |   |

| (1) | The stock option and restricted stock awards vest at a rate of 20% per year, commencing on the grant date.  All unexercisable option and stock awards will become exercisable in conjunction                with the Merger. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Stock options expire ten years after grant date. |
|-----|--------------------------------------------------|

| (3) | Market value calculated using June 28, 2019 closing price of $17.74/share. |
|-----|----------------------------------------------------------------------------|

|   |   |   |
|--------|--------|--------|
|              | Option Exercises and Stock Vested for the Year Ended June 30, 2019 |
|-------------------|--------------------------------------------------------------------|
|              | Option awards                                                      | Stock awards |
| Name              | Number of shares acquired on exercise                              | Value realized on exercise (1) | Number of shares acquired on vesting | Value realized on vesting (2) |
| Kevin J. Lynch    | 49,213                                                             | 265,284 | — | — |
| Kurt Breitenstein | —                                                            | — | 2,000 | 31,260 |
| Philip M. Wyks    | 14,000                                                             | 68,215 | — | — |
|              |                                                               |   |   |   |

| (1) | Amount is equal to the market value of the underlying share on date of exercise, less the option exercise cost, times the number of options exercised. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Amount is equal to the number of shares that vested times the market value on the date of vesting ($15.63 per share on October 3, 2018). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

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| Pension Benefits at and for the fiscal year ended June 30, 2019 (1) |
|---------------------------------------------------------------------|
| Name                                                                | Plan name | Number of years credited service | Present value of accumulated benefit | Payments during last fiscal year |
| Kevin J. Lynch                                                      | Directors’ Retirement Plan | 28.67 | $768,000 | $ — |
| Benefit Equalization Plan (2)                                       | 15.50 | 1,513,000 | — |
| Supplemental Retirement Income Agreement                            | 14.50 | 11,827,000 | — |
| John M. Fields, Jr.                                                 | Directors’ Retirement Plan | 21.17 | 548,000 | — |
| Defined Benefit Plan                                                | 10.67 | 398,000 | — |
| Benefit Equalization Plan (2)                                       | 10.67 | 48,000 | — |
| Philip M. Wyks                                                      | Defined Benefit Plan | 32.50 | 1,738,000 | — |
|                                                                |   |   |   |   |

| (1) | The figures shown are determined as of the plan’s measurement date of June 30, 2019 for purposes of the Company’s audited financial statements. For mortality, discount rate and other assumptions used for this                  purpose, please refer to note 14 in the audited financial statements included in the Company’s Annual Report on Form 10-K, filed on August 28, 2019. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Amount reflects the pension benefit portion of the Benefit Equalization Plan. |
|-----|-------------------------------------------------------------------------------|

| Nonqualified Deferred Compensation (401k) Plan at and for the Fiscal Year Ended June 30, 2019 |
|-----------------------------------------------------------------------------------------------|
| Name                                                                                          | Executive contributions in last fiscal year | Registrant contributions in last fiscal year (1) | Aggregate earnings in last fiscal year (2) | Aggregate withdrawals/distributions | Aggregate balance at June 30, 2019 |
||
| Kevin Lynch                                                                                   | $349,574 | $ 38,156 | $640,030 | $ — | $7,662,823 |
| John M. Fields, Jr.                                                                           | 139,544 |  16,477 | 196,500 | — | 2,371,756 |
| Louis Manderino                                                                               |  71,500 | 12,371 | 34,356 | — |  445,518 |
| Philip M. Wyks                                                                                | — | — | 55,363 | — | 645,541 |
| Nonqualified Deferred Compensation (ESOP) at and for the Fiscal Year Ended June 30, 2019      |
| Name                                                                                          | Executive contributions in last fiscal year | Registrant contributions in last fiscal year (3) | Aggregate earnings in last fiscal year | Aggregate withdrawals/distributions | Aggregate balance at June 30, 2019 |
||
| Kevin Lynch                                                                                   | $ — | $(235,591) |  $  — | $ — | $4,664,649 |
| John M. Fields, Jr.                                                                           | — | (68,324) | — | — | 1,301,229 |
| Philip M. Wyks                                                                                | — | (8,627) | — | — | 77,116 |
|                                                                                          |   |   |   |   |   |

| (1) | The amounts reported in this column were also reported as compensation in the Summary Compensation Table as components of the 2019 total for “All Other Compensation.” |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | For Messrs. Lynch, Fields, Manderino and Wyks, $423,558, $124,712, $21,805, and $36,638, respectively, were reported as components of the 2019 total for “Change in pension value and non-qualified deferred                  compensation earnings” in the Summary Compensation Table as preferential or above-market earnings on non tax-qualified deferred compensation. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The amounts reported in this column were also included in the calculation of compensation in the Summary Compensation Table as components of the 2019 total for “Change in pension value and nonqualified deferred                  compensation earnings.”  This total includes the impact of the decreased value of the phantom stock allocated to the Named Executive Officer’s account that occurred between the 2019 and 2018 measurement dates. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

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----

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| Termination Payments                           |
|------------------------------------------------|
|                                           | Involuntary Termination | Retirement | Disability | Death |
| Kevin J. Lynch                                 |  |  |   |   |   |   |   |   |
| Employment Agreement                           |  $ 4,984,875(1) | $ —(2) |  $ 1,943,222(3) |  $ 1,900,597(4) |
| Exec. Supplemental Retirement                  |   |   |   |   |   |   |   |   |
|      Income Agreement | 11,827,000(5) | 11,827,000(5) | 11,827,000(5) | 11,827,000(5) |
| Benefit Equalization Plan                      | 13,840,473(6) | 13,840,473(6) | 13,840,473(6) | 13,840,473(6) |
| Director's Retirement Plan                     | 768,000(7) | 768,000(7) | 768,000(7) | 768,000(7) |
| John M. Fields, Jr.                            |   |   |   |   |   |   |   |   |
| Employment Agreement                           |  $ 1,330,531(1) | $ —(2) |  $582,972(3) |  $578,194(4) |
| Benefits Equalization Plan                     | 3,720,985(6) | 3,720,985(6) | 3,720,985(6) | 3,720,985(6) |
| Director's Retirement Plan                     | 548,000(7) | 548,000(7) | 548,000(7) | 548,000(7) |
| Louis Manderino                                |   |   |   |   |   |   |   |   |
| Employment Agreement                           |  $ 1,012,500(1) | $ —(2) |  $466,269(3) |  $460,108(4) |
| Benefits Equalization Plan                     | 445,518(6) | 445,518(6) | 445,518(6) | 445,518(6) |
| Kurt Breitenstein                              |   |   |   |   |   |   |   |   |
| Employment Agreement                           |  $971,250(1) | $ —(2) |  $441,859(3) |  $433,240(4) |
| Philip M. Wyks                                 |   |   |   |   |   |   |   |   |
| Employment Agreement                           | $602,305(1) | $ —(2) |  $362,558(3) |  $357,826(4) |
| Benefits Equalization Plan                     | 2,460,657(6) | 2,460,657(6) | 2,460,657(6) | 2,460,657(6) |
|                                           |   |   |   |   |

| (1) | For Mr. Lynch, this amount represents (i) three times the sum of his: (A) highest base salary paid during the term of the agreement, plus (B) highest bonus earned during the last three completed fiscal years;                  and (ii) the value of 36 months of continued life, disability, medical and dental insurance coverage.  For all other Named Executive Officers, this amount represents (i) two times the sum of the Named Executive Officer’s: (A) highest base                  salary paid during the term of the agreement, plus (B) highest bonus earned during the last three completed fiscal years; and (ii) the value of 24 months of continued life, disability, medical and dental insurance coverage.  In the event                  the Named Executive Officer’s termination is in connection with a change in control, the change in control termination payment payable under his employment agreement could be reduced to avoid penalties under Section 280G of the Internal                  Revenue Code. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Each Named Executive Officer is entitled to no payments or benefits under his employment agreement as a result of his retirement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

| (3) | Amount represents the Named Executive Officer’s base salary and continued life, medical, dental and disability insurance for the remaining term of the employment agreement, without any reduction for payments                  under bank-sponsored disability programs. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Represents the base salary and medical, dental, family and other benefits payable to the Named Executive Officer’s beneficiary for the remaining term of the employment agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Amount represents 100% of the present value of Mr. Lynch’s accumulated benefit under his Executive Supplemental Retirement Income Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Amount represents the Named Executive Officer’s aggregate accumulated benefit of the defined benefit, 401(k) and ESOP portion of the Benefit Equalization Plan. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Amount represents the present value of Messrs. Lynch’s and Fields’ accumulated benefit under the Directors’ Retirement Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                | Cash(1)          | Equity(2)                                 | Pension/                NQDC(3)                    | Perquisites/                Benefits(4) | Other(5) | Total      |
|---------------------|------------------|-------------------------------------------|----------------------------------------------------|-----------------------------------------|----------|------------|
| Kevin J. Lynch      |  $6,699,126 | $        — | $            — | $        —    | $669,185 | $7,368,311 |
| John M. Fields, Jr. |  1,600,775  | —                                   |  1,200,819                                    | —                                 | 669,185  | 3,470,779  |
| Louis Manderino     |  1,226,679  | 24,640                                    | —                                            | 45,353                                  | 423,136  | 1,719,808  |
| Kurt Breitenstein   |  1,168,520  | 115,040                                   | —                                            | 57,030                                  | 40,393   | 1,380,983  |
| Philip Wyks         | 674,537          | —                                   | —                                            | —                                 | 531,148  | 1,205,685  |

| (1) | As described above, the cash payments payable to each of the Oritani Named Executive Officers consist of (a) for all Named Executive Officers, a lump sum payment equal to two (2) times                (and in the case of Mr. Lynch, three (3) times) the sum of (i) the highest rate of base salary and (ii) the highest annual bonus paid in the preceding three years, payable pursuant to their employment agreements, the payment of which does                not assume any reduction to avoid penalties under Section 280G of the Code; (b) for all Named Executive Officers, a lump sum payment equal to the portion of their bonus awards under the Executive Officer Incentive Plan for the fiscal year                ended June 30, 2019 that was earned as a result of the Merger; (c) for all Named Executive Officers, a lump sum payment equal to their pro-rata bonus payable under the Executive Officer Incentive Plan for the fiscal year ending June 30,                2020; and (d) for Mr. Lynch, the estimated portion of the $3.0 million that will be used to settle his future retiree health obligations under the Officer Retiree Health Plan. For Messrs. Fields and Wyks, the settlement of their future                retiree obligations under the Officer Retiree Health Plan is still to be negotiated with Valley. The payments described in clause (a) are “modified single trigger” payments because the payments may be triggered due to the Named Executive                Officer’s voluntary resignation for any reason within one year following the Merger. The payments described in clause (b), (c) and (d) are “single trigger” payments because they are payable solely as a result of, or in connection with, the                Merger. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                |  (a)        | (b)            |  (c) |  (d) |
|---------------------|------------------|----------------|-----------|-----------|
| Kevin J. Lynch      |  $4,984,875 |  $553,875 | $263,128  | $897,248  |
| John M. Fields, Jr. | 1,330,531        | 179,802        | 90,442    | —   |
| Louis Manderino     | 1,012,500        | 142,500        | 71,679    | —   |
| Kurt Breitenstein   | 971,250          | 131,250        | 66,020    | —   |
| Philip Wyks         | 602,305          | 49,280         | 22,952    | —   |

| (2) | All unvested restricted stock and stock options awarded to the Named Executive Officers will become vested upon the Named Executive Officer’s qualifying termination event following the change in control, as                  determined under the Oritani Equity Plans (i.e., a “double-trigger vesting” because the vesting is contingent upon a qualifying termination event at or following the Merger). Set forth below are the values of the unvested equity awards,                  based on a per share price of  each type of equity-based award that would become vested and be settled upon the effective time of the Merger, based on a price per share of $16.94 (i.e., the average closing price per share of Valley’s                  common stock over the first five business days following the announcement of the Merger Agreement, multiplied by the exchange ratio set forth in the Merger Agreement). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                | Restricted Stock                        | Stock Options                       |
|---------------------|-----------------------------------------|-------------------------------------|
| Kevin J. Lynch      | $      — | $       — |
| John M. Fields, Jr. | —                                 | —                             |
| Louis Manderino     | —                                 | 24,640                              |
| Kurt Breitenstein   | 67,760                                  | 47,280                              |
| Philip Wyks         | —                                 | —                             |

| (3) | With respect to Mr. Fields, whose benefit payable under the Director Retirement Plan will become fully vested because he will be deemed to be age 65 and have completed 10 years of service as a result of the                  Merger (i.e., a single trigger vesting), the amount reflects the enhanced portion of Mr. Fields’ normal retirement benefit, which will be payable in a cash lump sum in connection with the expected termination of the Director Retirement                  Plan as described above. The enhanced portion of Mr. Field’s normal retirement benefit is a single trigger payment because the payment is conditioned solely upon a change in control, such as the Merger. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | The amounts in this column represent the present value of the cash equivalent of the cost of providing continued coverage for Messrs. Manderino and Breitenstein under the health insurance plans and other                  welfare arrangements currently sponsored by Oritani Bank for two years pursuant to their employment agreements. The present value was calculated using a discount rate equal to 120% of the applicable federal rate (compounded semi-annually)                  for August 2019, as published by the Internal Revenue Service. Messrs. Lynch, Fields and Wyks are entitled to continued health benefits pursuant to their participation in the Officer Retiree Health Plan, which they are entitled to receive                  without regard to the Merger. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | This column represents the estimated dollar value of additional allocations to the Named Executive Officers in connection with the termination of the ESOP and repayment of the outstanding ESOP loan balance                  at closing. Following the repayment of the ESOP loan with unallocated shares, the remaining shares in the ESOP suspense account will be exchanged for the merger consideration and will be allocated to all eligible employees, including the                  Named Executive Officers, as earnings of the ESOP based on the eligible employee’s account balance. The estimated dollar value attributable to each Named Executive Officer as set forth above is based on a number of assumptions that may or                  not be accurate at the closing of the Merger, including that eligible participants who are currently employed by Oritani Bank remain employed by Oritani Bank through the Merger closing date and the merger consideration value is $16.94                  (the average value of Valley’s common stock as of the first five (5) business days commencing after the public announcement of the Merger, multiplied by the exchange ratio set forth in the Merger Agreement). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                     | Fees Earned orPaid in Cash                                       | Change in Pension Valueand Nonqualified DeferredCompensation Earnings (1)                                                                                                                                                                                                                         |   Total                                                                    |
|--------------------------|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|
| Nicholas Antonaccio      |  $105,000                                                                       |  $121,754                                                                                                                                                                                                                                                                                    |  $226,754                                                                       |
| James J. Doyle           |              95,000 |                                       200,638                                                       |            295,638            |
| Robert S. Hekemian       |            102,917            |                                       275,768                                                       |            378,685            |
| Harvey Hirschfeld        |              95,000 |                                       112,947                                                       |            207,947            |
| John J. Skelly, Jr.      |              95,000 |                                       135,582                                                       |            230,582            |
| Judith Schumacher Tilton |              77,000 |                                                — |              77,000 |
|                     |                                                                                 |                                                                                                                                                                                                                                                                                              |                                                                                 |

| (1) | The amounts in this column reflect the actuarial change in the present value at June 30, 2019 compared to June 30, 2018, of the directors’ benefits under the Directors’ Retirement Plan,                determined using interest rate and mortality rate assumptions consistent with those used in Oritani Financial Corp.’s audited financial statements and includes amounts for which the director may not currently be entitled to receive because                such amounts are not vested.  This column also includes $97,754; $171,638; $159,768; $31,947 and $135,582 of preferential or above-market earnings on non tax-qualified deferred compensation for Directors Antonaccio, Doyle, Hekemian,                Hirschfeld and Skelly, respectively, under the Directors’ Deferred Fee Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| OUTSTANDING EQUITY AWARDS AT JUNE 30, 2019 |
|--------------------------------------------|
|      Name         |  Number of  Securities  Underlying  Unexercised  Options (#) Exercisable |  Number of  Securities  Underlying  Unexercised  Options (#) Unexercisable |   Option  Exercise  Price |   Option Expiration Date (1) |   Outstanding Unvested Restricted Stock as of June 30, 2019 |   Market Value of Restricted Stock that has Not Vested (2) |
| 2011 Equity Plan                           | Option Awards |   |   |
| Nicholas Antonaccio                        | 250,000 | — | 11.95 | 08/18/21 | — | — |
| James J. Doyle                             | 90,000 | — | 11.95 | 08/18/21 | — | — |
| Robert S. Hekemian                         | 227,500 | — | 11.95 | 08/18/21 | — | — |
| John J. Skelly, Jr.                        | 227,500 | — | 11.95 | 08/18/21 | — | — |
| Judith Schumacher Tilton                   | — | 20,000 | 16.15 | 08/28/28 | 10,000 | 177,400 |
|                                       |   |   |   |   |   |   |

| (1) | Stock options expire ten years after grant date. |
|-----|--------------------------------------------------|

| (2) | Market value calculated using June 28, 2019 closing price of $17.74/share. |
|-----|----------------------------------------------------------------------------|

----

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTAND RELATED STOCKHOLDER MATTERS |
|----------|-----------------------------------------------------------------------------------------------|
| Name and Address of Beneficial Owners                                   | Number of Shares Owned | Percent of Common Stock Outstanding |
|-------------------------------------------------------------------------|----------------------------------|-------------------------------------|
| BlackRock Inc. (1)                                                      |                             |                                |
| 55 East 52nd Street                                                     |                             |                                |
| New York, NY 10055                                                      | 6,072,366                   | 13.46%                              |
|                                                                    |                             |                                |
| The Vanguard Group (2)                                                  |                             |                                |
| 100 Vanguard Blvd.                                                      |                             |                                |
| Malvern, PA 19355                                                       | 4,563,713                        | 10.12%                              |
|                                                                    |                             |                                |
| Oritani Bank Employee Stock Ownership Plan (3) |                             |                                |
| 370 Pascack Road                                                        |                             |                                |
| Township of Washington, New Jersey 07676                                | 3,982,549                        | 8.83%                               |
|                                                                    |                             |                                |
| Dimensional Fund Advisors LP (4)                                        |                             |                                |
| 6300 Bee Cave Road                                                      |                             |                                |
| Austin, Texas 78746                                                     | 3,847,573                        | 8.53%                               |
|                                                                    |                             |                                |   |

| (1) | Based on information contained in a Schedule 13G/A filed with the Securities and Exchange Commission on January 31, 2019. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

| (2) | Based on information contained in a Schedule 13G/A filed with the Securities and Exchange Commission on February 11, 2019. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| (3) | Based on information contained in a Schedule 13G/A filed with the Securities and Exchange Commission on February 14, 2019. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| (4) | Based on information contained in a Schedule 13G/A filed with the Securities and Exchange Commission on February 8, 2019. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

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|                                                               | Position(s) held withOritani Financial Corp.and/or Oritani Bank | SharesOwnedDirectly (1) | SharesOwnedIndirectly (2) | OptionsExercisablewithin 60days | BeneficialOwnership | PercentofClass |
|--------------------------------------------------------------------|-----------------------------------------------------------------|-------------------------|---------------------------|---------------------------------|---------------------|----------------|
| DIRECTORS                                                          |                                                            |                    |                      |                            |                |           |
| Nicholas Antonaccio                                                | Director                                                        | 87,492                  | —                   | 250,000                         | 337,492             | *              |
| James J. Doyle, Jr.                                                | Director                                                        | 242,000                 | —                   | 90,000                          | 332,000             | *              |
| John M. Fields. Jr.                                                | Director, Executive Vice President and Chief Financial Officer  | 301,082                 | 71,244                    | 263,160                         | 635,486             | 1.41%          |
| Robert S. Hekemian, Jr.                                            | Director                                                        | 235,492                 | 68,223                    | 227,500                         | 531,215             | 1.18%          |
| Harvey R. Hirschfeld                                               | Director                                                        | 30,000                  | 900                       | —                         | 30,900              | *              |
| Kevin J. Lynch                                                     | Chairman, President and Chief Executive Officer                 | 762,137                 | 88,225                    | 901,697                         | 1,752,059           | 3.89%          |
| Judith Schumacher Tilton                                           | Director                                                        | 20,000                  | 29,899                    | 4,000                           | 53,899              | *              |
| John J. Skelly, Jr.                                                | Director                                                        | 401,817                 | 50,000                    | 227,500                         | 679,317             | 1.51%          |
|                                                               |                                                            |                    |                      |                            |                |           |
| NAMED EXECUTIVE OFFICERS WHO ARE NOT DIRECTORS                     |                                                            |                    |                      |                            |
| Kurt Breitenstein                                                  | Executive Vice President and Chief Lending Officer              | 8,704                   | —                   | 18,000                          | 26,704              | *              |
| Louis Manderino                                                    | Executive Vice President and Chief Risk Officer                 | 52,815                  | 42,873                    | 32,000                          | 127,688             | *              |
| Philip M. Wyks                                                     | Senior Vice President and Corporate Secretary                   | 16,698                  | 73,053                    | 18,000                          | 107,751             | *              |
| All directors and named executive officers as a group (12 persons) |                                                            | 2,178,182               | 469,760                   | 2,063,857                       | 4,711,799           | 10.45%         |
|                                                               |                                                            |                    |                      |                            |                |           |

| (1) | Each person effectively exercises sole, or shared with spouse, voting power as to the shares reported.  For Ms. Schumacher Tilton, total includes shares awarded under the 2011 Equity Incentive Plan, 10,000 of which have not yet vested. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes shares held in the 401(k) plan and allocated shares in the employee stock ownership plan as well as shares held by immediate family members, in an individual retirement account, by companies in which                the individual or a family member maintains a controlling interest or in a trust in which the individual is a trustee. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | * | Less than 1.0%. |
|--|---|-----------------|

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| ITEM 13. | CERTAIN RELATIONSHIPS, AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|----------|----------------------------------------------------------------------------|

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| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES |
|----------|----------------------------------------|

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| ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES |
|----------|--------------------------------------------|

| (1) | The financial statements required in response to this item are incorporated by reference from Item 8 of the Form 10-K (File No. 001-34786) as filed                  on August 28, 2019. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | All financial statement schedules are omitted because they are not required or applicable, or the required information is shown in the consolidated financial statements or the notes thereto. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Exhibits. |
|-----|-----------|

|   | 2.1  | Agreement and Plan of Merger, dated as of June 25, 2019, by and between Valley National Bancorp and Oritani Financial                Corp.*********                                                                                                                                                                                                                                                                       |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 3.1  | Certificate of Incorporation of Oritani Financial Corp.*                                                                                                                                                                                                                                                                                                                                                                  |
|   | 3.2  | Bylaws of Oritani Financial Corp.*                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 4    | Form of Common Stock Certificate of Oritani Financial Corp.*                                                                                                                                                                                                                                                                                                                                                              |
|   | 10.1 | Employment Agreement between Oritani Financial Corp. and Kevin J. Lynch**, ******                                                                                                                                                                                                                                                                                                                                         |
|   | 10.2 | Form of Employment Agreement between Oritani Financial Corp. and executive officers**, ******                                                                                                                                                                                                                                                                                                                             |
|   | 10.3 | Oritani Bank Director Retirement Plan***, ******                                                                                                                                                                                                                                                                                                                                                                          |
|   | 10.4 | Oritani Bank Benefit Equalization Plan***, ******                                                                                                                                                                                                                                                                                                                                                                         |
|   | 10.5 | Oritani Bank Executive Supplemental Retirement Income Agreement***, ******                                                                                                                                                                                                                                                                                                                                                |
|   | 10.6 | Form of Employee Stock Ownership Plan***, ******                                                                                                                                                                                                                                                                                                                                                                          |
|   | 10.7 | Director Deferred Fee Plan***, ******                                                                                                                                                                                                                                                                                                                                                                                     |
|   | 10.8 | Oritani Financial Corp. 2007 Equity Incentive Plan*****, ******                                                                                                                                                                                                                                                                                                                                                           |
|   | 10.9 | Oritani Financial Corp. 2011 Equity Incentive Plan****, ******                                                                                                                                                                                                                                                                                                                                                            |
|   | 21   | Subsidiaries of Registrant**                                                                                                                                                                                                                                                                                                                                                                                              |
|   | 23.1 | Consent of Independent Registered Public Accounting Firm*******                                                                                                                                                                                                                                                                                                                                                           |
|   | 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                Act of 2002                                                                                                                                                                                                                                                                                                         |
|   | 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley                Act of 2002                                                                                                                                                                                                                                                                                                         |
|   | 32   | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section                906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                             |
|   | 101  | Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Statements of Condition, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statements of Comprehensive              Income, (iv) the Consolidated Statements of Changes in Stockholders’ Equity, (v) the Consolidated Statements of Cash Flows, and (vi) the Notes to Consolidated Financial Statements******* |
| *    | Incorporated by reference to the Registration Statement on Form S-1 of Oritani Financial Corp. (file No. 333-165226), originally filed with the Securities and Exchange Commission on March 5, 2010.                                              |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **   | Incorporated by reference to the Registration Statement on Form S-1 of Oritani Financial Corp. (file No. 333-137309), originally filed with the Securities and Exchange Commission on September 14, 2006.                                         |
| ***  | Incorporated by reference to Pre - Effective Amendment No. 1 to the Registration Statement on Form S-1/A of Oritani Financial Corp. (file No. 333-137309), originally filed with the Securities and Exchange Commission on October 27, 2006. |
| ****      | Incorporated by reference to the Company’s Proxy Statement for the 2011 Special Meeting of Stockholders filed with the Securities and Exchange Commission on June 27, 2011 (file No. 001-34786).                                            |
| *****     | Incorporated by reference to the Company’s Proxy Statement for the 2007 Annual Meeting of Stockholders filed with the Securities and Exchange Commission on March 20, 2008 (file No. 001-33223).                                            |
| ******    | Management contract, compensatory plan or arrangement.                                                                                                                                                                                            |
| *******   | Incorporated by reference to Oritani Financial Corp.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on August 28, 2019 (file No. 001-34786).                                                                |
| ********  | Incorporated herein by reference to Exhibit 2.1 to Oritani Financial Corp.’s Form 8-K (File No. 001-34786) as filed on June 26, 2019.                                                                                        |
| ITEM 16. | FORM 10-K SUMMARY |
|----------|-------------------|

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|   |               |   |   | ORITANI FINANCIAL CORP.               |
|--------|--------------------|--------|--------|---------------------------------------|
|   |               |   |   |                                  |
| Date:  | September 13, 2019 |   | By:    | /s/ Kevin J. Lynch                    |
|   |               |   |   | Kevin J. Lynch                        |
|   |               |   |   | Chief Executive Officer and President |
|   |               |   |   | (Duly Authorized Representative)      |
| Signatures                  |   | Title                                           |   | Date                     |
|-----------------------------|--------|-------------------------------------------------|--------|--------------------------|
|                        |   |                                            |   |                     |
| /s/ Kevin J. Lynch          |   | Director, Chief Executive Officer and President |   |  September 13, 2019 |
| Kevin J. Lynch              |   | (Principal Executive Officer)                   |   |                     |
|                        |   |                                            |   |                     |
| /s/ John M. Fields, Jr.     |   | Director, Executive Vice President              |   |  September 13, 2019 |
|  John M. Fields, Jr.   |   |  and Chief Financial Officer               |   |                     |
|                        |   |                                            |   |                     |
| /s/ Ann Marie Jetton        |   | Sr. Vice President and Principal                |   |  September 13, 2019 |
| Ann Marie Jetton            |   | Accounting Officer                              |   |                     |
|                        |   |                                            |   |                     |
| /s/ Nicholas Antonaccio     |   | Director                                        |   |  September 13, 2019 |
| Nicholas Antonaccio         |   |                                            |   |                     |
|                        |   |                                            |   |                     |
| /s/ James J. Doyle, Jr.     |   | Director                                        |   |  September 13, 2019 |
| James J. Doyle, Jr.         |   |                                            |   |                     |
|                        |   |                                            |   |                     |
| /s/ Robert S. Hekemian, Jr. |   | Director                                        |   |  September 13, 2019 |
| Robert S. Hekemian, Jr.     |   |                                            |   |                     |
|                        |   |                                            |   |                     |
| /s/ Harvey R. Hirschfeld    |   | Director                                        |   |  September 13, 2019 |
| Harvey R. Hirschfeld        |   |                                            |   |                     |
|                        |   |                                            |   |                     |
| /s/Judith Schumacher-Tilton |   | Director                                        |   |  September 13, 2019 |
| Judith Schumacher-Tilton    |   |                                            |   |                     |
|                        |   |                                            |   |                     |
| /s/ John J. Skelly, Jr.     |   | Director                                        |   |  September 13, 2019 |
| John J. Skelly, Jr.         |   |                                            |   |                     |

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