OceanFirst CFO Michael Fitzpatrick retiring June 1, 2022; Patrick S. Barrett named replacement

OCEANFIRST FINANCIAL CORP

CFO Fitzpatrick retiring effective June 1, 2022 after nearly 30 years at OceanFirst.
Patrick S. Barrett, former CFO of First Midwest Bancorp, appointed as new CFO effective June 2, 2022.
Barrett will join as EVP of Finance on April 18, 2022 for transition; Fitzpatrick to consult after retirement.
Compensation: $450k base, $300k target bonus for 2022 (pro-rated), $200k equity award for 2022, $450k for 2023, relocation up to $300k.
Employment agreement term through July 31, 2024 with auto-renewal; includes change-in-control severance provisions.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Michael J. Fitzpatrick

Chief Financial Officer

OCFC · OCEANFIRST FINANCIAL CORP

Effective: 2022-06-01
Successor: Patrick S. Barrett
Filed: March 17, 2022, 7:59 PM ET

On March 17, 2022, OceanFirst Financial Corp. (the “Company”) issued a press release announcing the retirement of its Chief Financial Officer, Michael J. Fitzpatrick and hiring of Patrick S. Barrett as Executive Vice President and Chief Financial Officer effective June 1, 2022.

Appointed

Patrick S. Barrett

Executive Vice President and Chief Financial Officer

OCFC · OCEANFIRST FINANCIAL CORP

Effective: 2022-06-01
Filed: March 17, 2022, 7:59 PM ET

hiring of Patrick S. Barrett as Executive Vice President and Chief Financial Officer effective June 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Fitzpatrick retired as Chief Financial Officer at OCEANFIRST FINANCIAL CORP.

Action: retired
Role: Chief Financial Officer

Exact text from the filing

On March 17, 2022, OceanFirst Financial Corp. (the “Company”) issued a press release announcing the retirement of its Chief Financial Officer, Michael J. Fitzpatrick and hiring of Patrick S. Barrett as Executive Vice President and Chief Financial Officer effective June 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick S. Barrett was appointed as Executive Vice President and Chief Financial Officer at OCEANFIRST FINANCIAL CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

hiring of Patrick S. Barrett as Executive Vice President and Chief Financial Officer effective June 1, 2022.

View on SEC.gov

OCEANFIRST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001004702-22-000079

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