OceanFirst (OCFC) Director John Buran Receives Award; 35K Withheld

What Happened

• Director John R. Buran received awards/conversion shares tied to OceanFirst’s June 1, 2026 merger with Flushing, totaling 226,594 OceanFirst shares (two grant entries: 113,329 and 113,265 shares).
• On June 3, 2026, 35,037 shares were withheld to satisfy tax withholding at $18.25 per share, a value of $639,425. The withheld shares were retained to cover tax liability (not sold in the open market).
• This Form 4 is an amendment filed 2026-09-18 to correct a clerical omission in the original filing (withholding was inadvertently omitted).

Key Details

• Transaction dates: June 1, 2026 (award/conversion); June 3, 2026 (tax withholding).
• Transaction types/codes: A = award/acquisition (conversion from merger); F = tax withholding (disposition of shares to cover taxes).
• Withheld shares: 35,037 @ $18.25 = $639,425. Awarded/credited shares: 113,329 and 113,265 (total 226,594). Price for awards shown as N/A (conversion/vesting).
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnotes: Merger with Flushing converted Flushing shares into OceanFirst shares at an exchange ratio (0.85 per Flushing share) and the awards reflect that merger; withholding was to satisfy tax liability on vested Flushing restricted stock awards; this amendment corrects the original omission.
• Filing status: Amended filing (filed 2026-09-18) to add the previously omitted withholding information.

Context

• These were merger-related restricted stock awards converted into OceanFirst shares; the 35,037-share removal was a tax-withholding action (common on vesting), not an open-market sale.
• For retail investors: awards/conversions and tax withholdings are routine and don’t necessarily signal insider buying or selling intent.