As CFO of OceanFirst Financial Corp, Patrick S. Barrett has a stake in the company that reflects his commitment to its success. He has a total of 10,008 shares, which are scheduled to vest over the next several years, starting...
As CFO of OceanFirst Financial Corp, Patrick S. Barrett has a stake in the company that reflects his commitment to its success. He has a total of 10,008 shares, which are scheduled to vest over the next several years, starting in 2024 with 50% of the shares vesting first. This structure means that he is literally invested in the company’s performance and future. Furthermore, Barrett's insider trading activity shows a solid engagement with the company's stock, with monthly sales frequently hitting six figures. For instance, in March 2023, his trading reached over $1 million, highlighting his strategic timing and confidence in OceanFirst's stock movements. His holdings and trading actions suggest that he is not just a passive leader but actively involved in ensuring the company’s financial health and market position.