Pecoraro Kelly 4

What Happened

• Kelly Pecoraro, Executive Vice President and Chief Financial Officer of Blue Foundry Bancorp (BLFY), received an award of 22,500 performance shares (code A) on 2026-03-25 (acquired at $0.00 as an award). On the same date, 27,140 shares were disposed (code F) because the issuer withheld those shares to satisfy tax obligations; the withheld shares are reported at $13.64 each, totaling $370,285.

Key Details

• Transaction date: 2026-03-25 (Form filed 2026-03-27 — appears timely).
• Award: 22,500 performance shares (acquired at $0.00).
• Withholding/tax disposition: 27,140 shares at $13.64 each = $370,285 (code F — shares withheld to satisfy taxes).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes: F1 — vesting of performance shares at target under the Merger Agreement with Fulton Financial Corporation; F2 — shares withheld to satisfy tax obligations; F3 — stock options vest ratably over seven years beginning Oct 19, 2023.

Context

• This was an equity compensation vesting event (performance shares vesting), not an open-market purchase or voluntary sale. The F-code disposition reflects issuer tax withholding (a common, routine administrative action) rather than a market sale that signals intent. The filing also notes ongoing option vesting schedules which are separate from this award.