Form 4: Blue Foundry Bancorp EVP Acela Roselle Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Acela Roselle, EVP of Human Resources at Blue Foundry Bancorp, reports changes in beneficial ownership of company stock due to tax obligations and holdings in 401(k) and ESOP.
Summary
- Acela Roselle, an EVP at Blue Foundry Bancorp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 6, 2024, 586 shares of common stock were disposed of to satisfy tax obligations at a price of $8.98 per share.
- Following the transaction, Roselle directly owns 16,664 shares of common stock.
- She also indirectly owns 20,000 shares through a 401(k) and 4,320 shares through an ESOP.
- Roselle also holds options for 55,000 shares of common stock with an exercise price of $11.69, exercisable from October 19, 2023, and expiring on October 19, 2032.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations and employee benefits, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on company stock ownership.
Key Dates
| Date | Description |
|---|---|
| 10/19/2023 | Date stock options became exercisable |
| 03/06/2024 | Date of transaction (disposal of shares for tax obligations) |
| 03/08/2024 | Date of signature on the report |
| 10/19/2032 | Expiration date of stock options |
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