Form 4: Blue Foundry Bancorp EVP Jason Goldberg Reports Stock Transaction

Jason M. Goldberg, EVP and Chief Lending Officer of Blue Foundry Bancorp, reports the withholding of 1,583 common stock shares to cover tax obligations on March 6, 2024.

Summary

• On March 6, 2024, Jason M. Goldberg, the EVP and Chief Lending Officer of Blue Foundry Bancorp, had 1,583 shares of common stock withheld by the issuer to satisfy tax obligations.
• The price per share for the transaction was $8.98.
• Following the transaction, Goldberg directly owns 28,417 shares of common stock and indirectly owns 1,000 shares through a Roth IRA.
• Goldberg also holds stock options for 108,000 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: The document is a neutral report of a stock transaction related to tax obligations, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in the financial industry to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The details provided, such as the number of shares, transaction price, and ownership type, are consistent with the information required in such filings.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.

Key Dates