Form 4: Blue Foundry Bancorp Executive's Tax-Related Stock Transaction

Blue Foundry Bancorp's EVP and Chief Legal Officer, Elyse D. Beidner, reported a tax-related disposition of 952 common shares at $12.51 per share.

Summary

• Elyse D. Beidner, Executive Vice President and Chief Legal Officer of Blue Foundry Bancorp, reported a transaction involving company securities.
• On January 2, 2026, 952 shares of common stock were disposed of by the issuer to satisfy tax obligations related to compensation.
• The value of the shares for this transaction was $12.51 per share.
• Following this disposition, Beidner directly beneficially owns 23,719 shares of common stock.
• Indirect beneficial ownership includes 20,000 shares held in a 401(k) plan and 9,375 shares held in an Employee Stock Ownership Plan (ESOP).
• Beidner also holds 55,000 stock options with an exercise price of $11.69, which began vesting ratably over seven years commencing October 19, 2023, and expire on October 19, 2032.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax obligations) by an executive, which is neutral in terms of market sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine tax-related transaction by an executive, not a discretionary sale or purchase indicating a change in confidence.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares for tax purposes by an executive. It does not indicate any change in the executive's confidence in the company or provide new financial information that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific insider filing.

Keywords

Blue Foundry Bancorp, BLFY, Form 4, insider transaction, stock options, executive compensation, tax withholding, beneficial ownership