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, reports the disposition of 2,770 shares of common stock to cover tax obligations.
Summary
- On March 6, 2024, Kelly Pecoraro, the EVP and CFO of Blue Foundry Bancorp, disposed of 2,770 shares of common stock to satisfy tax obligations.
- The transaction was executed at a price of $8.98 per share.
- Following the transaction, Pecoraro directly owns 54,730 shares of Blue Foundry Bancorp common stock.
- Pecoraro also holds options to purchase 177,000 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/19/2023 | Date stock options exercisable |
| 03/06/2024 | Date of transaction where shares were disposed of to cover tax obligations |
| 03/08/2024 | Date of signature on the 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.