Form 4: Blue Foundry Bancorp SVP Chief Audit Officer Reports Changes in Beneficial Ownership

Thomas Packwood, SVP Chief Audit Officer of Blue Foundry Bancorp, reports changes in beneficial ownership of common stock due to tax obligation fulfillment and ESOP/401(k) holdings.

Summary

• Thomas Packwood, the SVP Chief Audit Officer of Blue Foundry Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 6, 2025, 592 shares of common stock were disposed of to satisfy tax obligations at a price of $9.65 per share.
• Packwood directly owns 15,730 shares of common stock.
• He also indirectly owns 8,844 shares through an ESOP and 5,000 shares through a 401(k).
• Packwood also holds options for 55,000 shares of common stock with an exercise price of $11.69, vesting ratably over seven years starting October 19, 2023.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions. It's a standard practice for publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that insider transactions are being monitored and reported as required by regulations.

Key Dates