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Blue Foundry (NASDAQ: BLFY) EVP gets stock grant, uses 8,385 shares for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Blue Foundry Bancorp EVP/Human Resources Director Roselle Acela received a stock grant and had shares withheld for taxes. On March 25, 2026, she acquired 5,750 shares of common stock at $0 per share as performance shares vested at target under the merger agreement between Fulton Financial Corporation and Blue Foundry Bancorp.

To satisfy tax obligations, 8,385 shares of common stock were withheld at $13.6435 per share, a non-market "F" code disposition that does not represent an open-market sale. After these transactions, she directly owns 11,291 common shares, plus indirect holdings of 20,000 shares through a 401(k) and 11,091 shares through an ESOP. She also holds stock options covering 55,000 shares of common stock at an exercise price of $11.69 per share, vesting ratably over seven years beginning on October 19, 2023 and expiring on October 19, 2032.

Positive

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Negative

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Insider Roselle Acela
Role EVP/Human Resources Director
Type Security Shares Price Value
Grant/Award Common Stock 5,750 $0.00 --
Tax Withholding Common Stock 8,385 $13.6435 $114K
holding Stock Options -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 19,676 shares (Direct); Stock Options — 55,000 shares (Direct); Common Stock — 20,000 shares (Indirect, By 401(k))
Footnotes (1)
  1. Vesting of performance shares at target in accordance with the Agreement and Plan of Merger by and between Fulton Financial Corporation and Blue Foundry Bancorp. Represents shares withheld by the issuer to satisfy tax obligations. Stock options vest ratably for seven years commencing on October 19, 2023.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Roselle Acela
(Last)(First)(Middle)
19 PARK AVENUE
(Street)
RUTHERFORD NEW JERSEY 07070
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Blue Foundry Bancorp [ BLFY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP/Human Resources Director
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/25/2026A5,750(1)A$019,676D
Common Stock03/25/2026F8,385(2)D$13.643511,291D
Common Stock20,000IBy 401(k)
Common Stock11,091IBy ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$11.6910/19/202310/19/2032Common Stock55,000(3)55,000D
Explanation of Responses:
1. Vesting of performance shares at target in accordance with the Agreement and Plan of Merger by and between Fulton Financial Corporation and Blue Foundry Bancorp.
2. Represents shares withheld by the issuer to satisfy tax obligations.
3. Stock options vest ratably for seven years commencing on October 19, 2023.
Remarks:
/s/ Kelly Pecoraro, pursuant to Power of Attorney03/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Blue Foundry Bancorp (BLFY) report for Roselle Acela?

Blue Foundry Bancorp reported that EVP/Human Resources Director Roselle Acela received 5,750 shares of common stock as a grant and had 8,385 shares withheld to cover tax obligations, all on March 25, 2026, with no open-market purchases or sales disclosed.

How many Blue Foundry Bancorp (BLFY) shares does Roselle Acela hold after this Form 4?

After the reported transactions, Roselle Acela directly owns 11,291 Blue Foundry Bancorp common shares, plus 20,000 shares held indirectly through a 401(k) plan and 11,091 shares held indirectly through an ESOP, according to the Form 4 holdings information.

Was Roselle Acela’s Blue Foundry Bancorp (BLFY) transaction a grant or a market purchase?

The filing describes a 5,750-share acquisition as a grant or award, not a market purchase. The Form 4 labels it with transaction code A, meaning a grant, award, or similar acquisition, with a price of $0.00 per share tied to vesting of performance shares.

Why were 8,385 Blue Foundry Bancorp (BLFY) shares disposed of in Roselle Acela’s Form 4?

The Form 4 shows 8,385 common shares disposed of under transaction code F, which indicates shares were withheld by the issuer at $13.6435 per share solely to satisfy tax obligations, rather than being sold in the open market for investment purposes.

How is the Blue Foundry Bancorp (BLFY) merger referenced in Roselle Acela’s share grant?

A footnote explains that the 5,750-share grant reflects vesting of performance shares at target in accordance with the Agreement and Plan of Merger between Fulton Financial Corporation and Blue Foundry Bancorp, linking the award’s terms directly to that merger agreement.