Form 4: Blue Foundry Bancorp EVP Aleksandr Malkiman Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Aleksandr Malkiman, EVP and Chief Tech Officer of Blue Foundry Bancorp, reports the disposal of 637 common stock shares to cover tax obligations on March 6, 2024.
Summary
- Aleksandr Malkiman, an EVP and Chief Tech Officer at Blue Foundry Bancorp, filed a Form 4 on March 8, 2024.
- The form details a transaction on March 6, 2024, where 637 shares of common stock were disposed of at a price of $8.98.
- This disposal was to satisfy tax obligations.
- Following the transaction, Malkiman directly owns 18,113 shares of Blue Foundry Bancorp common stock.
- Malkiman also holds options for 68,800 shares of common stock, exercisable at $11.69, expiring on October 19, 2032.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is common among executives with equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10/19/2023 | Date stock options became exercisable |
| 03/06/2024 | Date of stock disposal for tax obligations |
| 03/08/2024 | Date of Form 4 filing |
| 10/19/2032 | Expiration date of stock options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.