Form 4: OceanFirst Financial Corp Director Patricia Lynne Turner Reports Stock Award and IRA Holdings

Director Patricia Lynne Turner reported the acquisition of 2,778 shares of OceanFirst Financial Corp common stock and the holding of 525 shares in an IRA.

Summary

• Patricia Lynne Turner, a director of OceanFirst Financial Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On February 28, 2025, Turner acquired 2,778 shares of common stock as a restricted stock award.
• The shares were acquired at a price of $0.
• These restricted shares vest in three equal annual installments starting March 1, 2026.
• Following the transaction, Turner directly owns 13,077 shares of OceanFirst Financial Corp.
• Turner also indirectly owns 525 shares through an IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating stock transactions by a company director. The acquisition of shares could be seen as mildly positive, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted shares vest in three equal annual installments beginning on March 1, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings.

Key Dates