Form 4: OceanFirst Financial Corp Director Joseph M. Murphy Jr. Reports Redemption of Preferred Stock and Common Stock Holdings
SEC Form 4 Filing
Director Joseph M. Murphy Jr. reports the redemption of Series A Preferred Stock and changes in common stock holdings.
Summary
- On May 15, 2025, Joseph M. Murphy Jr., a director of OceanFirst Financial Corp, reported a transaction involving the redemption of 3,643 shares of Series A Redeemable Preferred Stock at $25 per share.
- The report also indicates direct ownership of 180,195 shares of common stock, which includes unvested restricted shares.
- Additionally, Mr. Murphy has indirect ownership of common stock through a corporation (72,800 shares), Son A (20,000 shares), Son B (24,000 shares), and Daughter (24,000 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The redemption of preferred stock may impact shareholders holding that specific class of stock.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Issuer first reported the Series A Preferred Stock. |
| 05/15/2025 | Date of transaction: Redemption of Series A Preferred Stock and reporting of common stock holdings. |
| 05/16/2025 | Date of signature on the report. |
Keywords
OceanFirst Financial Corp, Director, Joseph M. Murphy Jr., Form 4, Redeemable Preferred Stock, Common Stock, Beneficial Ownership, OCFC
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