Form 4: OceanFirst Financial Corp CEO Christopher Maher Reports Stock Transactions
SEC Form 4 Filing
Christopher Maher, Chairman and CEO of OceanFirst Financial Corp, reports disposition of shares to cover tax liabilities and ongoing beneficial ownership.
Summary
- Christopher Maher, the Chairman and CEO of OceanFirst Financial Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 5, 2025, 19,467 shares of common stock were disposed of at a price of $18.01 to cover tax liabilities related to the vesting of restricted stock.
- Following the transaction, Maher directly owns 340,153 shares of common stock.
- He also indirectly owns shares through an ESOP (5,838 shares), a 401(k) plan (24,710 shares), and his spouse (5,000 shares).
- The filing also lists Maher's holdings of stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is typical for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2016 | Date exercisable for stock options with an expiration date of 03/18/2025 and an exercise price of $17.37 |
| 03/01/2017 | Date exercisable for stock options with an expiration date of 03/16/2026 and an exercise price of $17.28 |
| 03/01/2018 | Date exercisable for stock options with an expiration date of 03/15/2027 and an exercise price of $29.01 |
| 03/01/2019 | Date exercisable for stock options with an expiration date of 01/24/2028 and an exercise price of $27.4 |
| 03/01/2020 | Date exercisable for stock options with an expiration date of 03/01/2029 and an exercise price of $25.2 |
| 03/01/2021 | Date exercisable for stock options with an expiration date of 03/01/2030 and an exercise price of $20.44 |
| 03/05/2025 | Date of the reported stock transaction where shares were disposed of to cover tax liabilities. |
| 03/06/2025 | Date of the signature on the Form 4 filing. |
| 03/18/2025 | Expiration date for stock options with an exercise price of $17.37 |
| 03/16/2026 | Expiration date for stock options with an exercise price of $17.28 |
| 03/15/2027 | Expiration date for stock options with an exercise price of $29.01 |
| 01/24/2028 | Expiration date for stock options with an exercise price of $27.4 |
| 03/01/2029 | Expiration date for stock options with an exercise price of $25.2 |
| 03/01/2030 | Expiration date for stock options with an exercise price of $20.44 |
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