Roselle Acela 4

What Happened

• Roselle Acela, EVP and Human Resources Director of Blue Foundry Bancorp (BLFY), had 5,750 performance shares vest on March 25, 2026 (code A — award/acquisition). The filing also shows 8,385 shares were disposed (code F) at $13.64 each to satisfy tax obligations, totaling $114,401. The award itself is recorded at $0 acquisition price.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (filed promptly).
• Award: 5,750 shares granted/vested (reported at $0).
• Withholding/disposition: 8,385 shares withheld/disposed at $13.64 = $114,401 (tax withholding).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: Vesting of performance shares at target per the Agreement and Plan of Merger between Fulton Financial Corporation and Blue Foundry Bancorp.
  • F2: Shares were withheld by the issuer to satisfy tax obligations (code F = tax withholding/disposition).
  • F3: Notes options vest ratably over seven years starting Oct 19, 2023 (informational; no option exercise reported here).
• Transaction codes: A = award/grant; F = shares withheld for taxes (not an open-market sale).

Context

• This was a compensation/merger-related vesting event, not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a routine settlement method and does not, by itself, indicate buying or selling sentiment.