Blue Foundry SVP has shares withheld for taxes

Blue Foundry Bancorp SVP Chief Audit Officer Thomas Packwood had 932 shares of common stock withheld on 2026-03-06 at $13.01 per share to satisfy tax obligations, a non-market disposition.

Rhea-AI Filing Summary

Blue Foundry Bancorp SVP Chief Audit Officer Thomas Packwood had 932 shares of common stock withheld on 2026-03-06 at $13.01 per share to satisfy tax obligations, a non-market disposition. After this, he directly holds 14,250 common shares, plus indirect holdings of 5,000 shares via a 401(k) and 11,241 shares via an ESOP. He also holds stock options on 55,000 underlying common shares at an exercise price of $11.69 expiring on 2032-10-19, which vest ratably over seven years starting 2023-10-19.

Insider Trade Summary

Net Seller: 932 shares

Net Sell 4 txns

Insider Packwood Thomas

Role SVP Chief Audit Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	932	$13.01	$12K
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 14,250 shares (Direct); Stock Options — 55,000 shares (Direct); Common Stock — 5,000 shares (Indirect, By 401(k)); Common Stock — 11,241 shares (Indirect, By ESOP)

Footnotes (3)

1. F1. Represents shares withheld by the issuer to satisfy tax obligations.
2. F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
3. F3. Stock options vest ratably for seven years commencing on October 19, 2023.

FAQ

What did Blue Foundry Bancorp (BLFY) insider Thomas Packwood report in this Form 4?

Thomas Packwood reported that 932 Blue Foundry Bancorp common shares were withheld on March 6, 2026 to satisfy tax obligations. This was coded as a tax-withholding disposition, not an open-market sale, and reflects routine handling of tax liabilities on equity compensation.

How many Blue Foundry Bancorp (BLFY) shares does Thomas Packwood hold after the reported transactions?

After the reported tax-withholding, Thomas Packwood directly owns 14,250 Blue Foundry Bancorp common shares. He also has indirect ownership of 5,000 shares through a 401(k) plan and 11,241 shares through an ESOP, providing additional exposure beyond his direct holdings.

Were the Blue Foundry Bancorp (BLFY) shares in this Form 4 bought or sold on the open market?

The 932 Blue Foundry Bancorp shares were not sold on the open market; they were withheld by the issuer to cover tax obligations. This is a non-market, mechanical disposition tied to equity compensation rather than a discretionary buy or sell decision.

What stock options does Thomas Packwood hold in Blue Foundry Bancorp (BLFY)?

Thomas Packwood holds Blue Foundry Bancorp stock options linked to 55,000 underlying common shares at an exercise price of $11.69. These options expire on October 19, 2032 and vest ratably over seven years beginning October 19, 2023, indicating a long-term incentive structure.

What do the footnotes in Thomas Packwood’s Blue Foundry Bancorp (BLFY) Form 4 explain?

The footnotes explain that 932 shares were withheld to satisfy tax obligations and that some reflected transactions are not required to be reported under Section 16. They also clarify that the stock options vest in equal annual installments over seven years starting October 19, 2023.

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Accepted by SEC EDGAR 03/10/2026 - 02:57 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Packwood Thomas

(Last) (First) (Middle)

19 PARK AVENUE

(Street)

RUTHERFORD NJ 07070

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Blue Foundry Bancorp [ BLFY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Chief Audit Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/06/2026		F		932(1)	D	$13.01	14,250	D
Common Stock								5,000	I	By 401(k)
Common Stock								11,241(2)	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$11.69							10/19/2023	10/19/2032	Common Stock	55,000(3)		55,000	D

Explanation of Responses:

1. Represents shares withheld by the issuer to satisfy tax obligations.

2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

3. Stock options vest ratably for seven years commencing on October 19, 2023.

Remarks:

	/s/ Kelly Pecoraro, pursuant to Power of Attorney	03/10/2026
	** Signature of Reporting Person	Date
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.