Patrick S. Barrett is the Chief Financial Officer (CFO) of OceanFirst Financial Corp, having joined the company in June 2022. He came to OceanFirst after serving as CFO at First Midwest Bancorp for five years. Patrick holds a Bachelor's degree...
Patrick S. Barrett is the Chief Financial Officer (CFO) of OceanFirst Financial Corp, having joined the company in June 2022. He came to OceanFirst after serving as CFO at First Midwest Bancorp for five years. Patrick holds a Bachelor's degree in Finance which gives him a strong foundation in the financial sector. Not just a numbers guy, he focuses on how to make the company efficient and sustainable. In 2023, he earned a total compensation of $785,447, which includes a salary of $450,000 and performance bonuses based on key company metrics. Though he didn’t receive stock awards that vested in 2023, he has a 10,008-share stock award set to vest starting in 2024 that aligns his interests with the company’s growth. Patrick has actively engaged in insider trading, with notable sales peaking at over $1 million in March 2023. This suggests he's confident in his financial strategies and the company’s future. The way he constructs financial strategies reflects a forward-thinking approach in an industry that is constantly evolving. His leadership style combines his finance expertise with a hands-on approach, ensuring OceanFirst navigates today's complex banking landscape successfully.