Roselle Acela 4

What Happened Roselle Acela, Executive Vice President and Human Resources Director of Blue Foundry Bancorp (BLFY), had 932 shares withheld by the issuer on March 6, 2026 to satisfy tax obligations related to an option exercise. The shares were valued at $13.01 each for a total reported value of $12,125. This was a tax-withholding disposition of shares following an option exercise—not an open-market sale.

Key Details

• Transaction date: 2026-03-06; Filing date: 2026-03-10 (filed four days after the transaction; appears later than the typical 2-business-day Form 4 deadline)
• Transaction code: F (shares withheld to satisfy tax withholding)
• Shares involved: 932 withheld at $13.01 per share; total reported value $12,125
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Relevant footnotes:
  • F1: Shares were withheld by the issuer to satisfy tax obligations.
  • F3: The underlying stock options vest ratably over seven years beginning Oct 19, 2023.

Context This was a routine tax-withholding event tied to an option exercise (a common post-vesting action), not an indication of an open-market sale or new purchase. For derivative-related filings like this, the key takeaway is that shares were surrendered to cover taxes rather than changing Acela's exposure via a market trade.