ESTEP MICHELE B 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
OCFC SEVP Michele Estep Withholds 4,629 Shares for Taxes
What Happened
- Michele B. Estep, Senior EVP & Chief Administrative Officer of OceanFirst Bank (OceanFirst Financial Corp, OCFC), had 4,629 shares withheld to satisfy tax withholding tied to the vesting of restricted stock. The withholding value was $18.58 per share, totaling approximately $86,007. No shares were sold in an open-market transaction.
Key Details
- Transaction date: 2026-03-04
- Price per share: $18.58; Total value withheld: $86,007
- Transaction type/code: F — tax withholding in connection with restricted stock vesting
- Footnote: Reported shares were withheld to satisfy tax liability; no shares sold; total includes unvested restricted stock
- Filing: Report filed 2026-03-06 (appears timely under Form 4 rules)
Context
- This was a tax-withholding event (common on vesting of restricted stock), not an intentional sale that would signal a change in investment stance. Withholding reduces the insider's net shares outstanding but does not equate to a market sale for sentiment purposes.
Insider Transaction Report
Form 4
ESTEP MICHELE B
Other
Transactions
- Tax Payment
Common Stock
[F1]2026-03-04$18.58/sh−4,629$86,007→ 177,682 total
Holdings
- 3,980(indirect: By ESOP)
Common Stock
- 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.
Signature
/s/ Steven J. Tsimbinos, Power of Attorney|2026-03-06