Form 4: Chief Risk Officer Sells BLFY Shares for Tax Obligations

Blue Foundry Bancorp's Chief Risk Officer, Keith Owes, disposed of 667 shares of common stock to cover tax obligations at a price of $12.51 per share.

Summary

• Keith Owes, Chief Risk Officer of Blue Foundry Bancorp (BLFY), reported a transaction on January 2, 2026.
• The transaction involved the disposition of 667 shares of common stock.
• These shares were withheld by the issuer to satisfy tax obligations, as indicated by transaction code 'F'.
• The price per share for the disposition was $12.51.
• Following this transaction, Keith Owes beneficially owns 13,810 shares of common stock directly.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine tax withholding related to equity compensation, not a discretionary sale indicating a change in sentiment regarding the company's prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation and tax obligations, which typically does not provide insights into broader industry trends or competitive landscape.

Comparison to Industry Standards

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event for equity compensation and has a negligible impact on overall share structure or value.

Next Steps

• NA

Key Dates

Keywords

Blue Foundry Bancorp, BLFY, Keith Owes, Chief Risk Officer, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Common Stock