Tsimbinos Steven James 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
OceanFirst (OCFC) Senior EVP Steven Tsimbinos — Tax Withholding on RSUs
What Happened
Steven James Tsimbinos, Senior Executive Vice President & Corporate Secretary of OceanFirst Financial Corp. (OCFC), had 4,629 shares withheld to satisfy tax withholding in connection with the vesting of restricted stock. The withholding was calculated at $18.58 per share, totaling approximately $86,007. The filing lists the transaction as a disposition for tax withholding (code F), but the footnote clarifies no shares were sold in the open market.
Key Details
- Transaction date and price: March 4, 2026; 4,629 shares withheld at $18.58/share (total ≈ $86,007).
- Transaction type/code: F — tax withholding related to vesting of restricted stock.
- Shares owned after transaction: Not specified in the summary filing provided.
- Footnote: The shares were withheld solely to satisfy tax liability on vesting; no sale occurred. Total reported includes unvested restricted stock.
- Filing date/timeliness: Form filed March 6, 2026 for the March 4 transaction (appears timely).
Context
Withholding shares to cover taxes on vested restricted stock is a routine administrative action and does not indicate an open-market sale or necessarily reflect the insider’s view of the company. For retail investors, such transactions are common and generally less informative about insider sentiment than outright purchases.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-04$18.58/sh−4,629$86,007→ 202,999 total
- 10,234(indirect: By 401(k))
Common Stock
- 7,759(indirect: By ESOP)
Common Stock
- 37,500
Stock Option (right to buy)
Exercise: $29.01From: 2018-03-01Exp: 2027-03-15→ Common Stock (37,500 underlying) - 12,915
Stock Option (right to buy)
Exercise: $27.40From: 2019-03-01Exp: 2028-01-24→ Common Stock (12,915 underlying) - 50,335
Stock Option (right to buy)
Exercise: $25.20From: 2020-03-01Exp: 2029-03-01→ Common Stock (50,335 underlying) - 76,790
Stock Option (right to buy)
Exercise: $20.44From: 2021-03-01Exp: 2030-02-28→ Common Stock (76,790 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.