Blue Foundry Bancorp·4

Mar 10, 2:57 PM ET

Beidner Elyse D. 4

Research Summary

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Updated

Blue Foundry (BLFY) EVP & CLO Elyse Beidner Sells 1,215 Shares

What Happened

  • Elyse D. Beidner, Executive Vice President and Chief Legal Officer of Blue Foundry Bancorp (BLFY), had 1,215 shares disposed/withheld to satisfy tax obligations related to equity compensation. The shares were valued at $13.01 each, for a total of $15,807. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

  • Transaction date: 2026-03-06; Filing date: 2026-03-10 (filed within the typical two-business-day reporting window)
  • Price per share: $13.01; Shares withheld/disposed: 1,215; Total value: $15,807
  • Shares owned after the transaction: not specified in the provided filing excerpt
  • Relevant footnotes:
    • F1: These shares were withheld by the issuer to satisfy tax obligations (tax-withholding, not a market sale)
    • F3: The related stock options vest ratably over seven years beginning Oct 19, 2023
  • Transaction code explanation: F = tax withholding/disposition to cover taxes on equity

Context

  • This transaction reflects a routine tax-withholding event tied to equity vesting or option exercise, not an outright open-market sale that would indicate active divestment. Such withholdings are common when options or restricted shares vest and do not necessarily signal insider sentiment about the company.