OCEANFIRST FINANCIAL CORP·4

Mar 6, 2:55 PM ET

Barrett Patrick Sean 4

Research Summary

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OCFC CFO Patrick Barrett Withholds 5,643 Shares for Taxes

What Happened

  • Patrick Sean Barrett, Senior EVP & CFO of OceanFirst Financial Corp (OCFC), had 5,643 shares withheld to satisfy tax withholding when restricted stock vested. The shares were valued at $18.48 each, totaling approximately $104,283. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

  • Transaction date: 2026-03-04; Price used for withholding: $18.48 per share.
  • Number of shares withheld: 5,643; Total value: ~$104,283.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Footnote: Withholding was to satisfy tax liability on vesting RSUs; no shares were sold. The reported total includes unvested restricted stock (per footnote F1).
  • Filing date: 2026-03-06 (filed promptly; not marked late).

Context

  • This is a routine tax-withholding event tied to vesting of restricted stock awards (cashless withholding), which is administrative and typically does not indicate a change in insider sentiment. Transaction code F designates shares retained to cover tax obligations rather than a market sale.