Form 4: Blue Foundry Bancorp EVP Elyse D. Beidner Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Elyse D. Beidner, EVP and Chief Legal Officer of Blue Foundry Bancorp, reports a transaction involving common stock on March 6, 2024, resulting in adjustments to her beneficial ownership.
Summary
- On March 6, 2024, Elyse D. Beidner, EVP and Chief Legal Officer of Blue Foundry Bancorp, engaged in a transaction involving the company's common stock.
- 1,188 shares were disposed of at a price of $8.98 per share to satisfy tax obligations.
- Following the transaction, Beidner directly owns 21,312 shares of common stock.
- Beidner also indirectly owns 20,000 shares through a 401(k) and 4,320 shares through an ESOP.
- She also holds options for 55,000 shares of common stock with an exercise price of $11.69, exercisable from October 19, 2023, and expiring on October 19, 2032.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to insider transactions. The sentiment is neutral as it simply reports facts without expressing any opinion or outlook.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates the transactions of an executive officer in Blue Foundry Bancorp.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's activity in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 10/19/2023 | Date stock options became exercisable |
| 03/06/2024 | Date of the transaction involving common stock |
| 03/08/2024 | Date of signature on the report |
| 10/19/2032 | Expiration date of stock options |
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