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Blue Foundry Bancorp·4

Mar 10, 3:03 PM ET

Malkiman Aleksandr 4

Research Summary

AI-generated summary

Updated

Blue Foundry Bancorp (BLFY) CTO Aleksandr Malkiman Withholds 1,013 Shares

What Happened
Aleksandr Malkiman, EVP and Chief Technology Officer of Blue Foundry Bancorp (BLFY), had 1,013 shares withheld by the company to satisfy tax obligations tied to equity vesting. The shares were valued at $13.01 each for a total of $13,179. 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 SEC's two-business-day Form 4 window).
  • Shares withheld/disposed: 1,013 at $13.01 each; total value reported: $13,179.
  • Transaction code: F (shares withheld to satisfy tax withholding).
  • Footnotes: F1 confirms shares were withheld to satisfy taxes; F3 notes options vest ratably over seven years beginning Oct 19, 2023.
  • Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was a routine tax-withholding event following option vesting — the company retained shares to cover the tax bill rather than the insider selling shares on the open market. Such administrative withholdings are common and do not necessarily signal a change in the insider's view of the stock.