Form 4: Blue Foundry Bancorp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Thomas Packwood, SVP Chief Audit Officer of Blue Foundry Bancorp, disposed of 586 shares to cover tax obligations on March 6, 2024.
Summary
- On March 6, 2024, Thomas Packwood, SVP Chief Audit Officer of Blue Foundry Bancorp, disposed of 586 shares of common stock to satisfy tax obligations.
- The shares were sold at a price of $8.98 per share.
- Following the transaction, Packwood directly owns 16,664 shares of common stock.
- Packwood also indirectly owns 5,000 shares through a 401(k) and 4,148 shares through an ESOP.
- Packwood also holds options to purchase 55,000 shares of common stock at an exercise price of $11.69, which were granted on October 19, 2023, and expire on October 19, 2032.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/19/2023 | Date stock options were granted. |
| 03/06/2024 | Date of the transaction (sale of shares). |
| 03/08/2024 | Date of signature on the Form 4 filing. |
| 10/19/2032 | Expiration date of stock options. |
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