Blue Foundry Bancorp Form 4 Filings

Blue Foundry Bancorp director John F. Kuntz reported disposing of his remaining equity in connection with the company’s merger with Fulton Financial Corporation. The filing shows a disposition to the issuer of 21,255 shares of common stock, leaving him with zero shares reported after the transaction.

The merger agreement provides that each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial common stock, with cash paid in lieu of fractional shares. In a related step, 48,133 stock options with a $9.95 exercise price and a November 1, 2034 expiration were cancelled and converted into a cash payment based on the difference between the $13.6435 per share consideration and the exercise price, multiplied by the optioned shares.

Blue Foundry Bancorp director Patrick H. Kinzler reported the disposition of all his Blue Foundry equity in connection with its merger with Fulton Financial Corporation. Each share of Blue Foundry common stock was converted into the right to receive 0.650 shares of Fulton Financial common stock under the Agreement and Plan of Merger.

Kinzler disposed of 77,911 directly held common shares, plus shares held through an IRA and Roth IRA, and now reports zero Blue Foundry shares. In addition, 106,959 stock options with an exercise price of $11.54 per share were cancelled and converted into a cash payment equal to the difference between the per share consideration price of $13.6435 and the exercise price, multiplied by the number of option shares.

Blue Foundry Bancorp director Elizabeth Varki Jobes reported dispositions tied to the company’s merger with Fulton Financial Corporation. She disposed of 21,502 shares of common stock and 48,133 stock options in issuer transactions.

Under the Agreement and Plan of Merger dated November 24, 2025, each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock. Outstanding options with a $9.95 exercise price were cancelled for a cash payment based on the difference to the per share consideration price of $13.6435, multiplied by the option shares. Following these transactions, she reported zero Blue Foundry common shares and options.

Blue Foundry Bancorp director Kenneth Grimbilas reported merger-related dispositions of his equity in the company. He returned 59,848 shares of common stock held directly and 41,117 shares held through an IRA to the issuer, leaving no reported common shares.

In connection with the merger with Fulton Financial Corporation, 106,959 stock options with an exercise price of $11.54 per share were cancelled and converted into a cash right based on a per share consideration price of $13.6435. Each issued and outstanding Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial common stock, plus cash in lieu of fractional shares.

Blue Foundry Bancorp director Robert Thomas Goldstein reported dispositions of all his Blue Foundry equity positions in connection with the company’s merger with Fulton Financial Corporation. On April 1, 2026, he disposed of 39,283 common shares held directly, plus 27,887 shares held in a 401(k) plan and 8,500 shares held in an IRA, all recorded as dispositions to the issuer.

Under the Merger Agreement, each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock, with cash paid in lieu of fractional shares. On March 30, 2026, 106,959 stock options with an exercise price of $11.54 per share were canceled and converted into a cash payment based on a per share consideration price of $13.6435. Following these transactions, the filing shows no remaining Blue Foundry common stock or options for Goldstein.

Blue Foundry Bancorp director James Christopher Ely reported dispositions tied to the completion of the Fulton Financial Corporation merger. Each Blue Foundry common share was converted into the right to receive 0.650 Fulton Financial common shares under the merger terms.

Ely disposed of 57,783 directly held common shares and 10,366 shares held indirectly through an IRA back to the issuer, leaving no reported Blue Foundry common stock holdings. In addition, 106,959 stock options with an exercise price of $11.5400 per share were cancelled.

Under the merger agreement, each cancelled option was converted into a cash payment equal to the difference between the option’s exercise price and the per share merger consideration of $13.6435, multiplied by the number of option shares, less applicable taxes and withholdings.

Blue Foundry Bancorp EVP and Chief Legal Officer Elyse D. Beidner disposed of her remaining Blue Foundry equity and options in connection with the company’s merger with Fulton Financial Corporation. Common shares held directly, through a 401(k), and through an ESOP were transferred back to the issuer, and her stock options were cancelled.

Under the merger agreement, each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial common stock, with cash paid instead of fractional shares. Each cancelled option becomes a cash right equal to the spread between its $11.69 exercise price and the per share consideration of $13.6435, multiplied by the number of option shares.

Blue Foundry Bancorp director Jonathan M. Shaw reported dispositions of his common stock and stock options in connection with the company’s merger with Fulton Financial Corporation. On 2026-04-01, he disposed of 45,808 directly held common shares and additional indirect holdings through an IRA, spouse’s IRA, and as custodian for a child.

A prior transaction on 2026-03-30 shows disposition of 106,959 stock options with a strike price of $11.5400 per share. Footnotes state that, under the November 24, 2025 Merger Agreement, each Blue Foundry share was converted into 0.650 Fulton Financial share and each outstanding option was cancelled in exchange for a cash payment based on a per share consideration price of $13.6435.

Blue Foundry Bancorp executive Aleksandr Malkiman disposed of his remaining company equity in connection with a completed merger with Fulton Financial Corporation. The Form 4 shows the return of 17,723 shares of common stock held directly and 6,278 shares held indirectly through an ESOP back to the issuer. In addition, 68,800 stock options with a strike price of $11.69 per share were cancelled.

Under the merger agreement, each share of Blue Foundry common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock, with cash paid in lieu of fractional shares. Each outstanding Blue Foundry stock option was converted into a cash right equal to the spread between its exercise price and a per share consideration price of $13.6435, multiplied by the number of option shares, less applicable taxes and withholdings. Following these transactions, the filing shows no remaining Blue Foundry common stock or options held by Malkiman.

Blue Foundry Bancorp President and CEO James D. Nesci reported disposing of common stock and stock options in connection with the company’s merger with Fulton Financial Corporation. On April 1, 2026, he disposed of 113,178 shares of common stock held directly and 57,154 shares held indirectly through an IRA, ESOP, and 401(k), all as dispositions to the issuer rather than open‑market sales. On March 30, 2026, a stock option covering 570,450 shares of common stock with an exercise price of $11.69 per share was also disposed of to the issuer. Under the merger agreement, each share of Blue Foundry common stock was converted into the right to receive 0.650 shares of Fulton Financial common stock, and each outstanding option was cancelled for a cash payment based on a per share consideration price of $13.6435.

Blue Foundry Bancorp SVP Chief Audit Officer Thomas Packwood disposed of his entire reported equity position in connection with the company’s merger with Fulton Financial Corporation. He returned 11,600 shares of common stock held directly to the issuer and disposed of 11,241 shares held indirectly through an ESOP and 5,000 shares held indirectly through a 401(k) plan.

In addition, 55,000 stock options with a per share exercise price of $11.6900 were cancelled and converted into a cash payment based on the merger consideration price of $13.6435 per share. Under the merger agreement, each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock, with cash paid in lieu of fractional shares. Following these transactions, the filing shows no remaining common stock or options for Packwood in Blue Foundry.

Blue Foundry Bancorp EVP and CFO Kelly Pecoraro reported dispositions of all her Blue Foundry equity interests in connection with the company’s merger with Fulton Financial Corporation.

She disposed of 41,663 shares of common stock held directly and 6,483 shares held indirectly through an ESOP. In addition, 177,000 stock options with a per share exercise price of $11.6900 were cancelled.

Under the Merger Agreement, each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial common stock, while each outstanding option was converted into a cash payment based on the difference between the option’s exercise price and the per share consideration price of $13.6435. Following these transactions, no Blue Foundry shares or options are reported as held.

Blue Foundry Bancorp EVP/Human Resources Director Roselle Acela disposed of her Blue Foundry equity in connection with the company’s merger with Fulton Financial Corporation. The filing shows issuer dispositions of 11,291 shares of common stock held directly, 20,000 shares held through a 401(k), and 11,091 shares held through an ESOP.

Each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock under the merger agreement. In addition, 55,000 stock options with a strike price of $11.69 were cancelled and converted into a cash payment based on the difference between the $13.6435 per share consideration and the exercise price, multiplied by the option share count. Following these transactions, the filing reports zero Blue Foundry shares and options remaining for Acela.

Blue Foundry Bancorp Chief Risk Officer Keith Owes reported a disposition of 8,982 shares of common stock back to the company in connection with its merger with Fulton Financial Corporation. Under the merger agreement, each Blue Foundry share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock, with cash paid instead of any fractional shares. Following this transaction, Owes reported owning 0 shares of Blue Foundry common stock directly.

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.

Blue Foundry Bancorp EVP and Chief Legal Officer Elyse D. Beidner reported compensation-related equity activity. She received a grant of 7,500 shares of Common Stock as performance shares vesting at target under the merger agreement between Fulton Financial Corporation and Blue Foundry Bancorp. To cover tax obligations on this vesting, the issuer withheld 12,297 shares of Common Stock, valued at 13.6435 per share, as a non-market disposition. Following these transactions, she holds 16,998 Common shares directly, plus 20,000 shares held indirectly through a 401(k) and 11,772 shares held indirectly through an ESOP. She also holds stock options on 55,000 underlying shares of Common Stock at an exercise price of 11.6900 per share, vesting ratably over seven years starting on October 19, 2023 and expiring on October 19, 2032.

Blue Foundry Bancorp President and CEO James D. Nesci reported compensation-related equity activity in company stock. On March 25, 2026, he acquired 57,045 shares of Common Stock at $0.00 per share as a grant or award, reflecting vesting of performance shares at target under the merger agreement between Fulton Financial Corporation and Blue Foundry Bancorp.

On the same date, 80,297 Common shares were disposed of at $13.6435 per share to satisfy tax obligations, a withholding transaction rather than an open-market sale. After these transactions, Nesci directly held 113,178 Common shares, with additional indirect holdings through an IRA, ESOP, and 401(k). He also holds stock options over 570,450 underlying Common shares at an exercise price of $11.69 per share, expiring in October 2032, vesting ratably over seven years beginning in October 2023.

Blue Foundry Bancorp’s Chief Risk Officer Keith Owes reported a routine tax-related share disposition. On this Form 4, 4,828 shares of common stock were withheld by the issuer to satisfy tax obligations, rather than sold on the open market. After this withholding, Owes directly holds 8,982 shares of Blue Foundry common stock.

Blue Foundry Bancorp SVP Chief Audit Officer Thomas Packwood reported equity compensation changes. He received 5,750 shares of common stock at no cost as performance shares vested at target under the merger agreement between Fulton Financial Corporation and Blue Foundry Bancorp. To satisfy tax obligations, 8,400 shares were withheld by the issuer at $13.6435 per share, a non-market disposition. Following these transactions, he holds 11,600 shares directly, plus 11,241 shares indirectly through an ESOP and 5,000 shares through a 401(k). He also holds stock options on 55,000 shares at a $11.69 exercise price, vesting ratably over seven years beginning October 19, 2023 and expiring October 19, 2032.

Blue Foundry Bancorp EVP and CFO Kelly Pecoraro received a grant of 22,500 shares of Common Stock, vesting at target under the merger agreement between Fulton Financial Corporation and Blue Foundry Bancorp. On the same date, 27,140 shares were withheld by the issuer at $13.6435 per share to satisfy tax obligations, so this was not an open-market sale.

After these transactions, Pecoraro directly holds 41,663 shares of common stock and indirectly holds 6,483 shares through an ESOP. She also has stock options on 177,000 shares of common stock with an exercise price of $11.69 per share, vesting ratably over seven years starting on October 19, 2023 and expiring on October 19, 2032.

Blue Foundry Bancorp EVP and Chief Tech Officer Aleksandr Malkiman received a grant of 6,250 shares of common stock, reflecting vesting of performance shares at target under the merger agreement with Fulton Financial Corporation. To cover tax obligations, 9,023 shares were withheld by the issuer at a price of $13.6435 per share, leaving 17,723 shares held directly. He also holds 6,278 shares indirectly through an ESOP and stock options on 68,800 shares of common stock with an exercise price of $11.69 per share, vesting ratably over seven years starting October 19, 2023, and expiring in 2032.

Blue Foundry Bancorp EVP and CFO Kelly Pecoraro reported a routine tax-withholding transaction in company stock. On March 6, 2026, 2,806 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations, leaving 46,303 shares held directly. She also has 6,483 shares indirectly through an ESOP and stock options on 177,000 shares of common stock at an exercise price of $11.69 per share, vesting ratably over seven years starting October 19, 2023 and expiring on October 19, 2032.

Blue Foundry Bancorp EVP and Chief Tech Officer Aleksandr Malkiman had shares withheld for taxes, not sold on the market. On March 6, 2026, 1,013 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations.

After this tax-withholding disposition, he directly holds 20,496 common shares and indirectly holds 6,278 shares through an ESOP. He also has stock options over 68,800 common shares with an exercise price of $11.69 per share, expiring on October 19, 2032, which vest ratably over seven years starting October 19, 2023.

Blue Foundry Bancorp EVP and Chief Legal Officer Elyse D. Beidner reported a routine tax-related share disposition. On March 6, 2026, 1,215 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations, rather than sold in the market.

After this withholding, she directly holds 21,795 common shares and has indirect holdings of 20,000 shares through a 401(k) and 11,772 shares through an ESOP. She also holds stock options over 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.

Blue Foundry Bancorp President and CEO James D. Nesci reported a routine tax-related share disposition. On March 6, 2026, 8,337 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations, rather than sold on the open market. After this, he directly holds 136,430 common shares and also has indirect holdings through an IRA, 401(k) and ESOP, plus stock options on 570,450 underlying shares exercisable at $11.69 until October 19, 2032.

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.

Blue Foundry Bancorp EVP/Human Resources Director Roselle Acela reported a routine tax-related share disposition. On the reported date, 932 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations tied to equity compensation.

After this withholding, Acela directly holds 13,926 shares of common stock. The filing also shows additional indirect common stock holdings through a 401(k) plan and an ESOP, as well as stock options covering 55,000 underlying shares at an exercise price of $11.69 expiring on October 19, 2032, which vest ratably over seven years beginning October 19, 2023.

Blue Foundry Bancorp insider activity: EVP and Chief Legal Officer Elyse D. Beidner reported a routine tax-related share withholding. On February 1, 2026, 709 shares of common stock were withheld by the issuer at $13.15 per share to satisfy tax obligations, leaving 23,010 shares held directly.

Beidner also reports 20,000 common shares held indirectly through a 401(k) and 9,375 common shares through an ESOP. In addition, she holds 55,000 stock options with a $11.69 exercise price, vesting ratably over seven years starting October 19, 2023 and expiring on October 19, 2032.

Blue Foundry Bancorp executive Aleksandr Malkiman reported a routine tax‑related share withholding. On 02/01/2026, 591 shares of common stock were withheld by the company at $13.15 per share to satisfy tax obligations tied to equity compensation.

After this transaction, he beneficially owned 21,509 common shares directly and 3,881 shares indirectly through an ESOP. He also held 68,800 stock options, which vest in equal annual installments over seven years starting on October 19, 2023.

Blue Foundry Bancorp President and CEO James D. Nesci reported a tax-related share withholding on common stock. On February 1, 2026, 5,272 common shares were withheld by the issuer at $13.15 per share to satisfy tax obligations, leaving 144,767 shares held directly.

He also reports indirect holdings of 36,882 common shares in an IRA, 9,375 shares through an ESOP, and 8,500 shares in a 401(k). In addition, he holds 570,450 stock options on common stock, exercisable from October 19, 2023 until October 19, 2032, vesting ratably over seven years.

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.

Blue Foundry Bancorp’s EVP and CFO Kelly Pecoraro reported an insider transaction involving company common stock. On February 1, 2026, 1,653 common shares at $13.15 were withheld by the issuer to satisfy tax obligations, rather than sold on the market.

After this withholding, Pecoraro beneficially owns 49,109 common shares directly and 4,086 common shares indirectly through an ESOP. She also holds 177,000 stock options for common stock, which vest ratably over seven years starting on October 19, 2023.

Blue Foundry Bancorp executive Roselle Acela reported routine share withholding for taxes and updated her holdings. On 02/01/2026, 548 shares of common stock were withheld by the company at $13.15 per share to satisfy tax obligations, leaving her with 14,858 shares held directly.

She also reports indirect ownership of 8,694 common shares through the ESOP and 20,000 common shares through a 401(k) plan. In addition, she holds 55,000 stock options for common stock, which vest in equal annual installments over seven years starting on October 19, 2023.