OceanFirst (NASDAQ: OCFC) SEVP reports tax withholding of restricted stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OceanFirst Financial Corp executive Brian Schaeffer reported a tax-related share withholding tied to restricted stock vesting. On this event, 1,837 shares of common stock were withheld at $18.58 per share to satisfy tax liabilities; no shares were sold. After this, he directly holds 88,568 shares and indirectly holds 3,400 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schaeffer Brian
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,837 | $18.58 | $34K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 88,568 shares (Direct);
Common Stock — 3,400 shares (Indirect, By ESOP)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did OCFC executive Brian Schaeffer report?
Brian Schaeffer reported a tax-related share withholding tied to restricted stock vesting. A total of 1,837 OCFC common shares were withheld to cover tax liabilities, rather than sold on the open market, according to the Form 4 disclosure and related footnote.
What does transaction code F mean in the OCFC Form 4?
Transaction code F indicates a payment of tax liability by delivering securities. In this OCFC filing, it means shares were withheld upon restricted stock vesting to cover taxes due, rather than being sold in an open-market transaction by the insider.
What indirect OCFC holdings does Brian Schaeffer report?
Brian Schaeffer reports 3,400 OCFC common shares held indirectly through an ESOP. These indirect holdings are separate from his directly owned 88,568 shares and are identified in the Form 4 as “By ESOP” under indirect ownership classification.