Packwood Thomas 4

What Happened

• Thomas Packwood, SVP & Chief Audit Officer of Blue Foundry Bancorp (BLFY), had 548 shares withheld by the issuer to satisfy tax obligations related to an equity event. The shares were recorded at $13.15 each for a total value of approximately $7,206. This transaction is a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-02-01; Price per share: $13.15; Shares withheld/disposed: 548; Total value: ~$7,206.
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Shares owned after the transaction: not disclosed in the provided filing summary.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax obligations; F2 — related stock options vest ratably over seven years beginning October 19, 2023.
• Filing date: 2026-02-03 (filed timely; Form 4s are generally due within two business days of the transaction).

Context

• This was a routine cashless tax-withholding (issuer withheld shares to cover taxes) commonly used when options vest or are exercised; it does not represent an open-market sale and should not be interpreted alone as a bullish or bearish signal.