Beidner Elyse D. 4

What Happened
Elyse D. Beidner, Executive Vice President and Chief Legal Officer of Blue Foundry Bancorp (BLFY), received 7,500 performance shares that vested on March 25, 2026 (recorded as an award at $0.00). To satisfy tax obligations from the vesting, 12,297 shares were withheld by the issuer (disposition code F) at an effective price of $13.64 per share, totaling $167,774. This was a compensation vesting event with tax withholding, not an open-market sale.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (appears timely).
• Award: 7,500 shares granted/vested (code A) recorded at $0.00 acquisition price.
• Tax withholding: 12,297 shares disposed (code F) at $13.64/share = $167,774 withheld to satisfy tax liabilities.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Vesting of performance shares at target per the Agreement and Plan of Merger between Fulton Financial Corporation and Blue Foundry Bancorp.
  • F2 — Shares were withheld by the issuer to satisfy tax obligations.
  • F3 — (Related plan detail) Stock options vest ratably over seven years beginning Oct 19, 2023.
• Transaction codes explained: A = award/grant; F = shares withheld for taxes.

Context
This was a routine compensation event: performance shares vested and the company withheld shares to cover taxes (effectively a net settlement). Because the withheld shares were used to pay taxes rather than sold on the open market, this filing is not a direct signal of the insider buying or selling based on company outlook. Purchases would generally be a stronger bullish indicator than routine vesting/tax withholding.