Berninger David 4

What Happened
David Berninger, Senior EVP & Chief Risk Officer of OceanFirst Financial Corp (OCFC), had 3,541 restricted shares withheld to satisfy tax withholding related to RSU vesting on March 4, 2026. The withholding was recorded at $18.58 per share for a total value of $65,792. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-04
• Filing date: 2026-03-06 (reported to the SEC two days after the transaction)
• Transaction type/code: Tax withholding on vesting of restricted stock (F)
• Shares withheld: 3,541 at $18.58 each = $65,792
• Were shares sold on the open market? No — shares were withheld to satisfy the tax liability (per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: F1 — reported shares were withheld to satisfy tax liability in connection with vesting; no shares were sold; total includes unvested restricted stock.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative event and does not necessarily indicate the insider is selling shares for liquidity or signaling about company prospects. Purchases or open-market sales tend to be more informative of insider sentiment.