Form 4: OceanFirst Financial Corp Director Sells Shares

Director Joseph M. Murphy Jr. sold 1,500 shares of OceanFirst Financial Corp stock at $20.03 per share on November 11, 2024.

Summary

• Joseph M. Murphy Jr., a director at OceanFirst Financial Corp, sold 1,500 shares of common stock on November 11, 2024.
• The sale price was $20.03 per share.
• Following the transaction, Mr. Murphy directly owns 177,417 shares of common stock.
• He also indirectly owns 72,800 shares through a corporation, 24,000 shares through Son A, 20,000 shares through Son B, and 24,000 shares through his daughter.
• Additionally, Mr. Murphy directly owns 3,643 shares of Series A Redeemable Preferred Stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• The reported transaction is typical for directors who may sell shares for personal financial management or diversification purposes.
• The volume of shares sold is relatively small compared to the total holdings of the director.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

OceanFirst Financial Corp, insider trading, stock sale, director, common stock, preferred stock, OCFC