Patrick Chong updates OceanFirst Financial (OCFC) holdings after dividend reinvestments
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
OCEANFIRST FINANCIAL CORP senior vice president and principal accounting officer Patrick Chong corrected his reported shareholdings. The amendment explains that a clerical error previously understated his directly held OCFC common shares and that the increase now shown comes from several dividend reinvestments, not from new market purchases or sales.
Following this update, Chong holds 1,914 OCFC common shares directly and 1,540 shares indirectly through an ESOP. This filing is essentially an administrative clean-up so that his Form 4 ownership records accurately reflect past dividend reinvestment activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chong Patrick
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,914 shares (Direct);
Common Stock — 1,540 shares (Indirect, ESOP)
Footnotes (1)
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FAQ
What does Patrick Chong’s amended Form 4/A for OCEANFIRST FINANCIAL (OCFC) show?
The amended Form 4/A corrects Patrick Chong’s reported OCFC shareholdings. It states that earlier filings understated his directly held common shares and that the newly reported increase resulted from several dividend reinvestments rather than fresh stock market purchases or sales.
Why was a Form 4/A amendment necessary for OCEANFIRST FINANCIAL (OCFC)?
An amendment was necessary because a clerical error previously misreported Patrick Chong’s directly held OCFC shares. The filing clarifies that the revised, higher share count comes from several dividend reinvestments that had not been properly reflected in the original ownership report.