Beidner Elyse D. 4
Research Summary
AI-generated summary
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.