OCFC exec exercises 15,000 options, withholds shares
OceanFirst Financial Corp Senior EVP & Corporate Secretary Steven James Tsimbinos reported option exercises and related share withholdings.
Rhea-AI Filing Summary
OceanFirst Financial Corp Senior EVP & Corporate Secretary Steven James Tsimbinos reported option exercises and related share withholdings. On February 17, 2026, he exercised stock options for 15,000 shares at $17.28 per share, converting them into an equal number of common shares.
To cover the exercise price or tax obligations, 13,784 common shares were disposed of at $19.71 per share through a tax-withholding transaction, not an open-market sale. After these moves, he directly owned 190,094 common shares, with additional indirect holdings of 7,759 shares through an ESOP and 10,203 shares through a 401(k). Footnotes state that totals include unvested restricted stock and that the increases in beneficial ownership arise from exempt acquisitions under Rule 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 15,000 | $17.28 | $259K |
| Exercise | Common Stock | 15,000 | $17.28 | $259K |
| Exercise Price or Tax Liability | Common Stock | 13,784 | $19.71 | $272K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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).
FAQ
What insider transactions did OCFC executive Steven James Tsimbinos report?
What is Steven Tsimbinos’s direct ownership in OCFC after these transactions?
What indirect OceanFirst Financial (OCFC) holdings does Tsimbinos report?
Do Tsimbinos’s reported holdings include unvested restricted OCFC stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.