BURAN JOHN R 4
4 · OCEANFIRST FINANCIAL CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
OCEANFIRST Director John R. Buran Acquires 226,594 Shares
What Happened
John R. Buran, a director of OceanFirst Financial Corp. (OCFC), was reported as acquiring two lots of OceanFirst common stock as part of the closing of OceanFirst’s merger with Flushing Financial. On June 1, 2026 he received 113,329 shares and 113,265 shares (total 226,594 shares). No per-share price is listed (shares were issued as merger consideration).
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
- Transaction code: A (award/grant or other acquisition). Price: N/A (shares issued under merger terms).
- Shares received: 113,329 and 113,265 (total 226,594).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1–Merger effective June 1, 2026; each Flushing share converted into 0.85 OceanFirst shares with cash paid for fractional shares. F2–These OceanFirst securities were acquired pursuant to the Merger Agreement.
Context
These shares were issued as merger consideration under the Flushing merger (share-exchange), not bought in the open market or exercised from options. Such merger-related issuances reflect corporate transaction mechanics rather than an insider buying or selling stock to signal sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-01+113,329→ 113,329 total - Award
Common Stock
[F1][F2]2026-06-01+113,265→ 113,265 total(indirect: By 401(k))
Footnotes (2)
- [F1]On June 1, 2026, OceanFirst Financial Corp. ("OceanFirst") completed its previously announced merger with Flushing Financial Corporation ("Flushing") pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst, Flushing, and Apollo Merger Sub Corp. (the "Merger"). At the effective time of the Merger, each share of Flushing common stock was converted into the right to receive 0.85 of a share (the "Exchange Ratio") of OceanFirst common stock with cash paid in lieu of any fractional share.
- [F2]Reflects OceanFirst securities acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby.