Malkiman Aleksandr 4

What Happened Aleksandr Malkiman, EVP and Chief Technology Officer of Blue Foundry Bancorp (BLFY), received an award of 6,250 performance shares on 2026-03-25 (reported on a Form 4 filed 2026-03-27). To satisfy tax obligations related to the vesting, 9,023 shares were withheld by the issuer at an effective price of $13.64 per share, representing proceeds of $123,105. The award shares were granted at $0.00 (i.e., received as compensation).

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27 (no late filing indicated).
• Award: 6,250 performance shares granted (acquired at $0.00).
• Tax withholding: 9,023 shares withheld/disposed at $13.64 each, totaling $123,105.
• Shares owned after the transaction: not specified in the provided filing details.
• Relevant footnotes:
  • F1: Vesting of performance shares at target per the Agreement and Plan of Merger between Fulton Financial Corporation and Blue Foundry Bancorp.
  • F2: The 9,023 shares were withheld by the issuer to satisfy tax obligations.
  • F3: (Related disclosure) stock options vest ratably over seven years starting Oct 19, 2023.

Context This was primarily a compensation-related event (performance-share vesting) rather than an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative action (not a market sale signaling sentiment). The filing shows the grant and corresponding tax withholding; no immediate open-market sale or purchase by the insider is reported.