Form 4: Blue Foundry Bancorp EVP Elyse D. Beidner Reports Acquisition of Restricted Stock and Indirect Holdings

Elyse D. Beidner, EVP and Chief Legal Officer of Blue Foundry Bancorp, reports the acquisition of 5,000 shares of restricted stock and indirect holdings through 401(k) and ESOP.

Summary

• Elyse D. Beidner, EVP and Chief Legal Officer of Blue Foundry Bancorp, filed a Form 4 on January 3, 2025.
• The report details changes in beneficial ownership of Blue Foundry Bancorp [BLFY] stock.
• On January 2, 2025, Beidner acquired 5,000 shares of common stock as restricted stock at $0 per share, which vest ratably over three years starting January 2, 2026.
• Beidner also has indirect ownership of 20,000 shares through a 401(k) and 6,779 shares through an ESOP.
• Beidner directly owns 26,312 shares of common stock following the reported transactions.
• Beidner also owns 55,000 stock options with an exercise price of $11.69, vesting ratably over seven years commencing on October 19, 2023, and expiring on October 19, 2032.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The acquisition of restricted stock could be seen as a slightly positive sign, but it's not a strong indicator.

Positives

• The acquisition of restricted stock indicates confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The acquisition of shares by an executive could be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates