Barrett Patrick Sean 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
OCFC CFO Patrick Barrett Withholds 5,643 Shares for Taxes
What Happened
- Patrick Sean Barrett, Senior EVP & CFO of OceanFirst Financial Corp (OCFC), had 5,643 shares withheld to satisfy tax withholding when restricted stock vested. The shares were valued at $18.48 each, totaling approximately $104,283. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-04; Price used for withholding: $18.48 per share.
- Number of shares withheld: 5,643; Total value: ~$104,283.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: Withholding was to satisfy tax liability on vesting RSUs; no shares were sold. The reported total includes unvested restricted stock (per footnote F1).
- Filing date: 2026-03-06 (filed promptly; not marked late).
Context
- This is a routine tax-withholding event tied to vesting of restricted stock awards (cashless withholding), which is administrative and typically does not indicate a change in insider sentiment. Transaction code F designates shares retained to cover tax obligations rather than a market sale.
Insider Transaction Report
Form 4
Barrett Patrick Sean
Senior EVP & CFO
Transactions
- Tax Payment
Common Stock
[F1]2026-03-04$18.48/sh−5,643$104,283→ 147,350 total
Holdings
- 1,210(indirect: By ESOP)
Common Stock
Footnotes (1)
- [F1]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.
Signature
/s/ Steven J. Tsimbinos, Power of Attorney|2026-03-06