Turner Patricia Lynne 4
4 · OCEANFIRST FINANCIAL CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
OceanFirst (OCFC) Director Patricia Lynne Turner Receives Restricted Shares
What Happened
Patricia Lynne Turner, a director of OceanFirst Financial Corp. (OCFC), was granted 2,769 restricted shares on 2026-02-27. The reported acquisition price is $0.00, so the grant had no immediate cash cost to Turner; total reported value at grant is $0. These are awards (not open-market purchases or sales) and will vest over time rather than being immediately tradable.
Key Details
- Transaction date: 2026-02-27; filing date: 2026-03-03 (filing appears timely).
- Grant: 2,769 restricted shares; acquisition price reported as $0.00 (value $0 at grant).
- Vesting: Shares vest in three equal annual installments beginning March 1, 2027 (per footnote F1).
- Footnote F1: Total includes other restricted shares that vest in the future.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
Restricted share awards are compensation that typically vest over time and do not indicate an immediate purchase or sale. Such grants reward service or align executive/director incentives with shareholder value but should not be interpreted as a near-term market signal because the shares are subject to vesting conditions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+2,769→ 15,846 total
- 525(indirect: By IRA)
Common Stock
Footnotes (1)
- [F1]Restricted shares awarded. Such shares vest in three equal annual installments beginning on March 1, 2027. Total includes other restricted shares that vest in the future.