OceanFirst (NASDAQ: OCFC) SEVP reports tax withholding of restricted stock

Rhea-AI Filing Summary

OceanFirst Financial Corp executive Brian Schaeffer reported a tax-related share withholding tied to restricted stock vesting. On this event, 1,837 shares of common stock were withheld at $18.58 per share to satisfy tax liabilities; no shares were sold. After this, he directly holds 88,568 shares and indirectly holds 3,400 shares through an ESOP.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schaeffer Brian

(Last) (First) (Middle)

110 WEST FRONT STEET

(Street)

RED BANK NJ 07701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [ OCFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			SEVP & CIO, OceanFirst Bank

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		F		1,837	D	$18.58	88,568	D(1)
Common Stock								3,400	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Steven J. Tsimbinos, Power of Attorney	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did OCFC executive Brian Schaeffer report?

Brian Schaeffer reported a tax-related share withholding tied to restricted stock vesting. A total of 1,837 OCFC common shares were withheld to cover tax liabilities, rather than sold on the open market, according to the Form 4 disclosure and related footnote.

Were any OCEANFIRST FINANCIAL CORP (OCFC) shares sold in this Form 4?

No, the filing states that no shares were sold. The 1,837 OCFC common shares were withheld solely to satisfy tax obligations from restricted stock vesting, which is a common non-open-market mechanism and not an elective sale by the executive.

How many OCFC shares does Brian Schaeffer own after the reported transaction?

After the tax-withholding disposition, Brian Schaeffer directly owns 88,568 OCFC common shares. He also has an additional 3,400 shares held indirectly through an ESOP, as disclosed in the Form 4 ownership detail section.

What was the price used for the OCFC tax-withholding shares?

The 1,837 withheld OCFC common shares were valued at $18.58 per share. This price is used in the Form 4 to calculate the value of shares withheld to satisfy the executive’s tax liability from vested restricted stock awards.

What does transaction code F mean in the OCFC Form 4?

Transaction code F indicates a payment of tax liability by delivering securities. In this OCFC filing, it means shares were withheld upon restricted stock vesting to cover taxes due, rather than being sold in an open-market transaction by the insider.

What indirect OCFC holdings does Brian Schaeffer report?

Brian Schaeffer reports 3,400 OCFC common shares held indirectly through an ESOP. These indirect holdings are separate from his directly owned 88,568 shares and are identified in the Form 4 as “By ESOP” under indirect ownership classification.