Chong Patrick 4
Research Summary
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OceanFirst (OCFC) SVP Patrick Chong Receives ESOP Award — 293 Shares
What Happened Patrick Chong, SVP and Principal Accounting Officer of OceanFirst Financial Corp. (OCFC), was awarded 293 shares on 2026-02-23. The filing reports the acquisition price as $0.00 (total value $0) and classifies the transaction as an award/acquisition (code A). This reflects an annual ESOP allocation rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-23; filing date: 2026-02-24.
- Transaction type: Award/Grant (A) — 293 shares acquired at $0.00 (value reported $0).
- Shares owned after the transaction: not disclosed in the filing.
- Footnotes: F1 — reflects annual allocation of ESOP shares; F2 — total includes restricted common stock that has not yet vested.
- Timeliness: Filing was submitted the day after the transaction (no late-filing indication in the report).
Context This was a company compensation/ESOP award, commonly part of employee benefit and retention programs. Such awards may be subject to vesting (per F2) and do not necessarily indicate the insider’s near-term buying or selling intent.