Form 4: Blue Foundry Bancorp CRO Sells Shares for Tax

Keith Owes, Chief Risk Officer of Blue Foundry Bancorp, disposed of 4,828 shares of common stock to satisfy tax obligations.

Summary

• Keith Owes, Chief Risk Officer of Blue Foundry Bancorp (BLFY), reported a transaction involving company common stock.
• On March 25, 2026, Mr. Owes disposed of 4,828 shares of common stock.
• The shares were withheld by the issuer at a price of $13.6435 per share to satisfy tax obligations.
• Following this transaction, Mr. Owes beneficially owns 8,982 shares of Blue Foundry Bancorp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation and tax planning, with no direct implications for the company's operational performance or strategic direction.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that such transactions are common for executives receiving equity compensation, as shares are often withheld to cover statutory tax liabilities upon vesting or exercise. This is a routine administrative event and does not typically reflect a change in the executive's outlook on the company's performance.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.

Key Dates

Recommendation

This Form 4 reports a routine disposal of shares by an executive to cover tax obligations, which is a common administrative event for equity compensation. It does not indicate a change in the company's fundamentals, strategic outlook, or the executive's long-term confidence in the company. Therefore, the transaction itself does not warrant a change in investment recommendation.

Keywords

Blue Foundry Bancorp, BLFY, Keith Owes, Chief Risk Officer, Insider Transaction, Form 4, Stock Sale, Tax Obligations, Equity Compensation