Lebel Joseph III 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
OceanFirst (OCFC) Senior EVP Joseph Lebel Withholds 9,499 Shares for Taxes
What Happened
Joseph Lebel III, Senior Executive Vice President, Chief Operating Officer and director of OceanFirst Financial Corp (OCFC), had 9,499 shares withheld to satisfy a tax liability related to the vesting of restricted stock. The withholding is reported as a disposition (code F) at $18.58 per share, valued at approximately $176,491. Per the filing footnote, no shares were sold on the open market.
Key Details
- Transaction date: 2026-03-04; filing date: 2026-03-06 (Form 4 filed within the typical 2-business-day window).
- Price per share: $18.58; total value of withheld shares: $176,491.
- Shares affected: 9,499 shares were withheld; the filing notes the total includes unvested restricted stock.
- Footnote: F1 — shares were withheld to satisfy tax withholding on vesting; explicitly states no open-market sale occurred.
- Filing timeliness: Reported promptly on 2026-03-06 for a 2026-03-04 event (appears timely).
Context
Tax-withholding dispositions are routine when restricted stock or RSUs vest — companies often withhold shares rather than employees selling stock. Because shares were withheld to cover taxes (not sold on the market), this action should not be interpreted as a traditional insider "sale" signaling sentiment about the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-04$18.58/sh−9,499$176,491→ 320,152 total
- 12,976(indirect: By 401(k))
Common Stock
- 15,093(indirect: By ESOP)
Common Stock
- 783(indirect: By Spouse)
Common Stock
- 45,000
Stock Option (right to buy)
Exercise: $29.01From: 2018-03-15Exp: 2027-03-15→ Common Stock (45,000 underlying) - 15,485
Stock Option (right to buy)
Exercise: $27.40From: 2019-03-01Exp: 2028-01-24→ Common Stock (15,485 underlying) - 100,670
Stock Option (right to buy)
Exercise: $25.20From: 2020-03-01Exp: 2029-03-01→ Common Stock (100,670 underlying) - 153,585
Stock Option (right to buy)
Exercise: $20.44From: 2021-03-01Exp: 2030-02-28→ Common Stock (153,585 underlying)
Footnotes (1)
- [F1]The reported shares were withheld to satisfy the tax liability in connection with the vesting of restricted stock. No shares were sold. Total includes unvested restricted stock.