OceanFirst Financial exec sells 5,500 shares at $18.905
For OCEANFIRST FINANCIAL CORP (OCFC), reporting person Brian Schaeffer, SEVP & CIO of OceanFirst Bank, reported selling 5,500 shares of common stock on 2026-08-31 at $18.905 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
For OCEANFIRST FINANCIAL CORP (OCFC), reporting person Brian Schaeffer, SEVP & CIO of OceanFirst Bank, reported selling 5,500 shares of common stock on 2026-08-31 at $18.905 per share. After this sale, he holds 83,068 shares directly, including unvested restricted stock, and 3,471 shares indirectly through an ESOP from exempt Rule 16b-3(c) acquisitions.
Insider Trade Summary
Net Seller: 5,500 shares
Net Sell
2 txns
Insider
Schaeffer Brian
Role
Insider
Sold
5,500 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,500 | $18.905 | $104K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,068 shares (Direct);
Common Stock — 3,471 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Total includes shares of restricted common stock that have not yet vested.
- F2. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
Key Figures
Shares sold: 5,500 shares of Common Stock
Sale price per share: $18.905 per share
Direct holdings after transaction: 83,068 shares of Common Stock
+2 more
5 metrics
Shares sold
5,500 shares of Common Stock
Sale reported on 2026-08-31
Sale price per share
$18.905 per share
Price for 5,500 shares sold on 2026-08-31
Direct holdings after transaction
83,068 shares of Common Stock
Direct ownership following sale, includes unvested restricted stock
Indirect ESOP holdings
3,471 shares of Common Stock
Held indirectly by ESOP, reflecting exempt Rule 16b-3(c) acquisitions
Net shares sold
5,500 shares
Net buy/sell shares in transaction summary
Key Terms
restricted common stock, beneficial ownership, Rule 16b-3(c), ESOP, +1 more
5 terms
restricted common stock financial
"Total includes shares of restricted common stock that have not yet vested"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
beneficial ownership financial
"reflects increases in beneficial ownership resulting from exempt acquisitions"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Rule 16b-3(c) regulatory
"exempt acquisitions pursuant to Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
ESOP financial
"nature_of_ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
indirect ownership financial
"Indirect ownership type marked as I, nature of ownership By ESOP"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did OCFC executive Brian Schaeffer report?
Brian Schaeffer reported a sale of 5,500 OCFC common shares on 2026-08-31 at $18.905 per share. The transaction is coded as a sale in an open market or private transaction.
What was the sale price in Brian Schaeffer’s OCFC stock transaction?
The filing reports that Brian Schaeffer sold 5,500 OCFC common shares at a price of $18.905 per share on 2026-08-31, categorized as a sale in an open market or private transaction.
Do Brian Schaeffer’s OCFC holdings include restricted stock?
Yes. A footnote states that his total direct holdings of 83,068 OCFC shares include restricted common stock that has not yet vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
