Lebel Joseph III 4

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.