Form 4: Blue Foundry Bancorp EVP and CFO Kelly Pecoraro Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kelly Pecoraro, EVP and CFO of Blue Foundry Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
Summary
- On February 1, 2025, Kelly Pecoraro, EVP and CFO of Blue Foundry Bancorp, reported a transaction involving common stock.
- 1,462 shares were withheld by the issuer to satisfy tax obligations at a price of $9.75.
- Following the transaction, Pecoraro directly owns 53,268 shares of common stock.
- Pecoraro also indirectly owns 1,490 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Pecoraro's holdings of Blue Foundry Bancorp stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/19/2023 | Date stock options became exercisable |
| 02/01/2025 | Date of transaction involving common stock (tax withholding) |
| 02/04/2025 | Date of Form 4 filing |
| 10/19/2032 | Expiration date of stock options |
Keywords
Form 4, Beneficial Ownership, BLFY, Blue Foundry Bancorp, Kelly Pecoraro, CFO, Stock Options, ESOP, Tax Withholding, Common Stock
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