Form 4: Blue Foundry Bancorp Executive Keith Owes Reports Acquisition of Shares

Keith Owes, Chief Risk Officer of Blue Foundry Bancorp, reports acquiring 11,000 shares of common stock through a grant and open market purchase.

Summary

• Keith Owes, the Chief Risk Officer of Blue Foundry Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On September 18, 2024, Owes acquired 10,000 shares of common stock.
• These shares are restricted stock and will vest ratably over three years, starting September 18, 2025.
• On September 19, 2024, Owes purchased 1,000 shares of common stock at a price of $11.02 per share.
• Following these transactions, Owes directly owns 11,000 shares of Blue Foundry Bancorp.
• The filing was signed on September 20, 2024, by Elyse D. Beidner under Power of Attorney.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally viewed as a positive sign, but the filing itself is a routine regulatory disclosure.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock vests ratably over three years commencing on September 18, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's sentiment about the company's prospects.

Stakeholder Impact

• The acquisition of shares by a company executive can influence investor sentiment and potentially impact the stock price.

Key Dates