Form 4: OceanFirst Financial Corp. Executive Lebel Joseph III Disposes of Preferred Stock
SEC Form 4 Filing
Senior EVP and COO of OceanFirst Financial Corp., Joseph Lebel III, reports the redemption of Series A Redeemable Preferred Stock and changes in common stock holdings.
Summary
- On May 15, 2025, Joseph Lebel III, Senior EVP and COO of OceanFirst Financial Corp, reported a transaction involving the company's securities.
- Lebel disposed of 4,000 shares of Series A Redeemable Preferred Stock at a price of $25 per share due to the issuer's redemption of all outstanding shares.
- Following the transaction, Lebel directly owns 292,158 shares of common stock, indirectly owns 12,564 shares through a 401(k), and 14,102 shares through an ESOP.
- Lebel also holds options to purchase common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. Investors monitor these filings for insights into management's perspective on the company's value.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.
- The redemption of preferred stock could impact preferred shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2017 | Date exercisable for stock options at $17.28, expiring 03/16/2026 |
| 03/15/2018 | Date exercisable for stock options at $29.01, expiring 03/15/2027 |
| 03/01/2019 | Date exercisable for stock options at $27.4, expiring 01/24/2028 |
| 03/01/2020 | Date exercisable for stock options at $25.2, expiring 03/01/2029 |
| 03/01/2021 | Date exercisable for stock options at $20.44, expiring 02/28/2030 |
| 04/11/2025 | Date the issuer first reported the redemption of Series A Preferred Stock. |
| 05/15/2025 | Date of transaction: disposal of Series A Redeemable Preferred Stock. |
| 05/16/2025 | Date of Form 4 filing. |
Keywords
OceanFirst Financial Corp, Lebel Joseph III, Series A Redeemable Preferred Stock, Common Stock, Stock Options, Form 4, SEC, Insider Trading
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