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Blue Foundry Bancorp (BLFY) CLO gets 7,500-share award, 12,297 withheld for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Blue Foundry Bancorp EVP and Chief Legal Officer Elyse D. Beidner reported compensation-related equity activity. She received a grant of 7,500 shares of Common Stock as performance shares vesting at target under the merger agreement between Fulton Financial Corporation and Blue Foundry Bancorp. To cover tax obligations on this vesting, the issuer withheld 12,297 shares of Common Stock, valued at 13.6435 per share, as a non-market disposition. Following these transactions, she holds 16,998 Common shares directly, plus 20,000 shares held indirectly through a 401(k) and 11,772 shares held indirectly through an ESOP. She also holds stock options on 55,000 underlying shares of Common Stock at an exercise price of 11.6900 per share, vesting ratably over seven years starting on October 19, 2023 and expiring on October 19, 2032.

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Insider Beidner Elyse D.
Role EVP and Chief Legal Officer
Type Security Shares Price Value
Grant/Award Common Stock 7,500 $0.00 --
Tax Withholding Common Stock 12,297 $13.6435 $168K
holding Stock Options -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 29,295 shares (Direct); Stock Options — 55,000 shares (Direct); Common Stock — 20,000 shares (Indirect, By 401(k))
Footnotes (1)
  1. Vesting of performance shares at target in accordance with the Agreement and Plan of Merger by and between Fulton Financial Corporation and Blue Foundry Bancorp. Represents shares withheld by the issuer to satisfy tax obligations. Stock options vest ratably for seven years commencing on October 19, 2023.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Beidner Elyse D.
(Last)(First)(Middle)
19 PARK AVENUE
(Street)
RUTHERFORD NEW JERSEY 07070
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Blue Foundry Bancorp [ BLFY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/25/2026A7,500(1)A$029,295D
Common Stock03/25/2026F12,297(2)D$13.643516,998D
Common Stock20,000IBy 401(k)
Common Stock11,772IBy ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$11.6910/19/202310/19/2032Common Stock55,000(3)55,000D
Explanation of Responses:
1. Vesting of performance shares at target in accordance with the Agreement and Plan of Merger by and between Fulton Financial Corporation and Blue Foundry Bancorp.
2. Represents shares withheld by the issuer to satisfy tax obligations.
3. Stock options vest ratably for seven years commencing on October 19, 2023.
Remarks:
/s/ Kelly Pecoraro, pursuant to Power of Attorney03/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Blue Foundry Bancorp (BLFY) report for Elyse D. Beidner?

Elyse D. Beidner reported a grant of 7,500 Common shares and a withholding of 12,297 shares to satisfy tax obligations. These entries reflect equity compensation and related tax withholding, not open-market buying or selling of Blue Foundry Bancorp stock.

How many Blue Foundry Bancorp (BLFY) shares does Elyse D. Beidner hold after the latest Form 4?

After the reported transactions, Elyse D. Beidner holds 16,998 Common shares directly. She also has 20,000 shares held indirectly through a 401(k) and 11,772 shares indirectly through an ESOP, providing a combined equity stake across direct and indirect holdings.

Were Elyse D. Beidner’s Blue Foundry (BLFY) transactions market purchases or sales?

The filing shows no open-market purchases or sales. It reports a 7,500-share performance award and 12,297 shares withheld by the issuer to cover tax obligations, which is a compensation and tax-settlement mechanism rather than discretionary trading in the open market.

Why were 12,297 Blue Foundry Bancorp (BLFY) shares withheld for Elyse D. Beidner?

According to the disclosure, 12,297 shares of Common Stock were withheld by the issuer to satisfy tax obligations arising from the equity award vesting. This is recorded as a tax-withholding disposition, not as an open-market sale of Blue Foundry Bancorp shares.

How is the 7,500-share award for Elyse D. Beidner at Blue Foundry (BLFY) structured?

The 7,500-share Common Stock award represents performance shares vesting at target. The filing states the vesting occurred in accordance with the Agreement and Plan of Merger between Fulton Financial Corporation and Blue Foundry Bancorp, tying the award to merger-related performance terms.