Form 4: Blue Foundry Bancorp EVP and CFO Kelly Pecoraro Reports Changes in Beneficial Ownership

Kelly Pecoraro, EVP and CFO of Blue Foundry Bancorp, reports changes in beneficial ownership of common stock due to tax obligations and ESOP holdings.

Summary

• On March 6, 2025, Kelly Pecoraro, the EVP and CFO of Blue Foundry Bancorp, reported changes in her beneficial ownership of the company's common stock.
• 2,506 shares were disposed of to satisfy tax obligations at a price of $9.65 per share.
• Pecoraro also indirectly owns 4,086 shares through an ESOP.
• Following the reported transactions, Pecoraro directly owns 50,762 shares of common stock and indirectly owns 4,086 shares through the ESOP.
• She also holds options for 177,000 shares of common stock, which vest ratably over seven years starting October 19, 2023, with an exercise price of $11.69.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The details provided are consistent with regulatory requirements for disclosing changes in beneficial ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that executives are complying with SEC regulations.

Key Dates