OceanFirst Financial (OCFC) director receives 2,769 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Murphy Joseph M. Jr. reported acquisition or exercise transactions in this Form 4 filing.
OceanFirst Financial Corp director Joseph M. Murphy Jr. received a grant of 2,769 shares of common stock on February 27, 2026. The shares are restricted and were granted at a price of $0.00 per share as an award, not an open-market purchase.
According to the footnote, these restricted shares vest in three equal annual installments beginning on March 1, 2027, and the total also includes other restricted shares that will vest in the future. After this award, Murphy directly holds 182,964 shares of common stock and has additional indirect holdings through a corporation, an IRA, and family members.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Murphy Joseph M. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,769 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 182,964 shares (Direct);
Common Stock — 72,800 shares (Indirect, By Corporation)
Footnotes (1)
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FAQ
What did OceanFirst Financial Corp (OCFC) report in this Form 4 filing?
OceanFirst Financial Corp (OCFC) reported that director Joseph M. Murphy Jr. received a grant of 2,769 restricted common shares on February 27, 2026. The award carried a price of $0.00 per share and increased his directly held common stock to 182,964 shares following the transaction.
Was the OceanFirst (OCFC) director grant an open-market stock purchase?
No, the OceanFirst (OCFC) director transaction was a grant or award, not an open-market stock purchase. The Form 4 lists transaction code A, indicating a grant, with a price per share of $0.00, reflecting equity compensation rather than a cash-funded acquisition in the market.
What does transaction code A mean in the OceanFirst (OCFC) Form 4?
In the OceanFirst (OCFC) Form 4, transaction code A designates a grant, award, or other acquisition of securities. Here it reflects a stock award of 2,769 restricted common shares to director Joseph M. Murphy Jr., rather than a traditional purchase or sale in the open market.