OceanFirst (OCFC) CFO withholds 5,643 shares to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OCEANFIRST FINANCIAL CORP Senior EVP & CFO Patrick Sean Barrett reported an insider transaction involving company common stock. On March 4, 2026, 5,643 shares were withheld at $18.48 per share to satisfy tax liabilities tied to vesting restricted stock, and the footnote clarifies that no shares were sold in the market.
After this tax-withholding disposition, Barrett directly owned 147,350 common shares. He also had an additional 1,210 common shares held indirectly through an ESOP, reflecting a separate indirect ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barrett Patrick Sean
Role
Senior EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,643 | $18.48 | $104K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 147,350 shares (Direct);
Common Stock — 1,210 shares (Indirect, By ESOP)
Footnotes (1)
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FAQ
What insider transaction did OCFC CFO Patrick Sean Barrett report?
OCFC Senior EVP & CFO Patrick Sean Barrett reported a tax-withholding transaction where 5,643 OceanFirst Financial common shares were withheld at $18.48 per share. This was done to satisfy taxes due on vesting restricted stock, and no shares were sold on the open market.
What does the transaction code F mean in the OCFC Form 4?
Transaction code F on the OceanFirst Financial Form 4 indicates payment of an exercise price or tax liability by delivering securities. In this case, 5,643 shares were withheld to satisfy the CFO’s tax obligation from restricted stock vesting, rather than representing an open-market sale.