Packwood Thomas 4
4 · Blue Foundry Bancorp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Blue Foundry Bancorp (BLFY) SVP Thomas Packwood — 932 Shares Withheld
What Happened
Thomas Packwood, SVP and Chief Audit Officer of Blue Foundry Bancorp (BLFY), had 932 shares withheld by the issuer to satisfy tax obligations on March 6, 2026. The withholding was recorded at $13.01 per share, totaling about $12,125. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-03-06; Filing (Form 4) date: 2026-03-10 (filed timely).
- Price/value: 932 shares × $13.01 = $12,125 (rounded).
- Transaction type/code: F — shares withheld to satisfy tax obligations (disposition reported as "Disposed").
- Shares owned after the transaction: not reported in the provided filing details.
- Relevant footnotes: F1 = shares withheld by issuer to satisfy taxes; F3 = stock options vest ratably over seven years starting Oct 19, 2023.
Context
This was a tax-withholding action tied to equity vesting/exercise mechanics (common when options/restricted shares vest). Withheld shares are a routine administrative disposition and do not necessarily reflect a decision to sell shares on the open market or a change in insider sentiment.
Insider Transaction Report
Form 4
Packwood Thomas
SVP Chief Audit Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-06$13.01/sh−932$12,125→ 14,250 total
Holdings
- 5,000(indirect: By 401(k))
Common Stock
- 11,241(indirect: By ESOP)
Common Stock
[F2] - 55,000
Stock Options
[F3]Exercise: $11.69From: 2023-10-19Exp: 2032-10-19→ Common Stock (55,000 underlying)
Footnotes (3)
- [F1]Represents shares withheld by the issuer to satisfy tax obligations.
- [F2]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- [F3]Stock options vest ratably for seven years commencing on October 19, 2023.
Signature
/s/ Kelly Pecoraro, pursuant to Power of Attorney|2026-03-10