Blue Foundry Bancorp (BLFY) SVP reports tax withholding of 548 shares

Rhea-AI Filing Summary

Blue Foundry Bancorp senior vice president and Chief Audit Officer Thomas Packwood reported a routine tax-related share withholding. On February 1, 2026, 548 shares of common stock were withheld by the issuer to satisfy tax obligations at $13.15 per share, leaving 15,182 shares held directly.

He also reports indirect ownership of 8,844 shares through an ESOP and 5,000 shares through a 401(k). In addition, he holds 55,000 stock options with a $11.69 exercise price, vesting ratably over seven years beginning October 19, 2023 and expiring on October 19, 2032.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Packwood Thomas

Role SVP Chief Audit Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	548	$13.15	$7K
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 15,182 shares (Direct); Stock Options — 55,000 shares (Direct); Common Stock — 8,844 shares (Indirect, By ESOP)

Footnotes (1)

1. 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 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)
02/01/2026

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	02/01/2026		F		548(1)	D	$13.15	15,182	D
Common Stock								8,844	I	By ESOP
Common Stock								5,000	I	By 401(k)

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(2)		55,000	D

Explanation of Responses:

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

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

Remarks:

	/s/ Kelly Pecoraro, pursuant to Power of Attorney	02/03/2026
	** 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.

FAQ

What insider transaction did BLFY executive Thomas Packwood report?

Thomas Packwood reported a tax-related share withholding. On February 1, 2026, 548 shares of Blue Foundry Bancorp common stock were withheld by the issuer at $13.15 per share to cover tax obligations tied to his equity compensation.

How many BLFY shares does Thomas Packwood own after this Form 4?

After the transaction, Packwood owns 15,182 BLFY shares directly. He also reports indirect ownership of 8,844 shares through an ESOP and 5,000 shares through a 401(k), reflecting his combined economic stake in Blue Foundry Bancorp stock.

What does the transaction code F mean in the BLFY Form 4 filing?

Transaction code F indicates shares withheld for taxes. In this case, 548 shares of Blue Foundry Bancorp common stock were withheld by the company to satisfy tax obligations, rather than being sold on the open market by the executive.

What stock options in BLFY does Thomas Packwood hold?

Packwood holds 55,000 Blue Foundry Bancorp stock options. These options have an exercise price of $11.69, vest ratably over seven years starting October 19, 2023, and are scheduled to expire on October 19, 2032, if not exercised earlier.

How are Packwood’s indirect BLFY holdings structured?

Packwood’s indirect BLFY holdings are through benefit plans. He reports 8,844 shares of Blue Foundry Bancorp common stock held by an ESOP and 5,000 shares held by a 401(k), reflecting retirement and employee ownership program participation.

Does this BLFY Form 4 indicate an open-market sale by the executive?

No, it shows shares withheld for tax obligations. The 548-share disposition is coded F, meaning Blue Foundry Bancorp withheld shares from an award to cover taxes, rather than Packwood selling shares in the market.