OceanFirst executive granted new restricted stock
OceanFirst Financial Corp executive Brian Schaeffer reported new equity awards in the company’s common stock.
Rhea-AI Filing Summary
OceanFirst Financial Corp executive Brian Schaeffer reported new equity awards in the company’s common stock. On February 27, 2026, he acquired 10,244 restricted shares and 15,365 additional restricted shares at a stated price of $0.00 per share through grants.
The 10,244 restricted shares vest in four equal annual installments beginning on March 1, 2027. The 15,365 restricted shares vest on March 1, 2029 at approximately 33% to 100%, depending on performance criteria for the period from January 1, 2026 through December 31, 2028, and may be forfeited if threshold performance is not met. Following these awards, Schaeffer directly owns 90,405 common shares, and indirectly holds 3,400 shares through an ESOP. The filing notes these are exempt acquisitions under Rule 16b-3(c).
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,244 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 15,365 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2027. Total includes other restricted shares that vest in the future.
- F2. Restricted shares awarded. Such shares vest on March 1, 2029 at approximately 33% to 100% depending on the attainment of defined performance criteria for the three year period from January 1, 2026 through December 31, 2028, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.
- F3. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
FAQ
What insider transaction did Brian Schaeffer report for OCEANFIRST FINANCIAL CORP (OCFC)?
What are the vesting terms of Brian Schaeffer’s new OCFC restricted stock awards?
Are Brian Schaeffer’s OCFC stock awards open-market purchases or exempt grants?
What performance period determines vesting for part of Brian Schaeffer’s OCFC restricted stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.