Blue Foundry Bancorp (BLFY)

Insider Trading Filed: 2026-04-01

Key Insights

Elyse D. Beidner, the EVP and Chief Legal Officer of Blue Foundry Bancorp (BLFY), has disposed of a significant number of shares, including 16,998 shares directly and 20,000 and 11,772 shares through the company's 401(k) and ESOP plans.
The disposals occurred on April 1, 2026, which coincides with the completion of the merger between Blue Foundry Bancorp and Fulton Financial Corporation, where each share of BLFY common stock was converted into 0.650 shares of Fulton Financial Corporation common stock.
This insider selling activity may signal the executive's confidence in the merger or desire to diversify their holdings, but could also raise questions about their outlook for the combined entity.

Current Report Filed: 2026-04-01

Key Insights

The merger of Blue Foundry Bancorp with Fulton Financial Corporation has been completed, with Blue Foundry Bank to operate as a separate subsidiary until it merges into Fulton Bank.
Shareholders of Blue Foundry Bancorp will receive 0.650 shares of Fulton common stock and cash in lieu of fractional shares as merger consideration.
Blue Foundry Bancorp common stock has been delisted from the Nasdaq stock exchange and its registration terminated under the Securities Exchange Act.

Insider Trading Filed: 2026-04-01

Key Insights

The reporting person, Keith Owes, has disposed of 8,982 shares of Blue Foundry Bancorp (BLFY) common stock, potentially signaling a change in their position or investment strategy.
The disposition of shares occurred on April 1, 2026, coinciding with the announced merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation, where each BLFY share was converted into 0.650 shares of Fulton Financial Corporation.
The reported transaction is a direct disposition of shares, indicating the reporting person's direct ownership has decreased following the merger transaction.

Insider Trading Filed: 2026-04-01

Key Insights

The reporting person, Acela Roselle, sold a significant number of shares (11,291 directly and 20,000 through a 401(k) and ESOP) of Blue Foundry Bancorp (BLFY) on April 1, 2026, potentially indicating a shift in their investment strategy.
The share sale occurred in conjunction with the merger of Blue Foundry Bancorp with Fulton Financial Corporation, where each share of BLFY was converted into 0.650 shares of Fulton Financial Corporation.
Acela Roselle also held 55,000 stock options in BLFY, which were cancelled and converted into a cash payment based on the merger consideration price of $13.6435 per share.

Insider Trading Filed: 2026-04-01

Key Insights

Kelly Pecoraro, the EVP and CFO of Blue Foundry Bancorp, disposed of a significant number of shares (41,663 directly and 6,483 indirectly through the ESOP) on April 1, 2026.
The share disposals were likely due to the merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation, where each share of Blue Foundry Bancorp was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.
Pecoraro also had 177,000 stock options that were cancelled and converted into a cash payment in accordance with the merger agreement.

Insider Trading Filed: 2026-04-01

Key Insights

Insider Thomas Packwood sold a significant number of shares (11,600 direct, 11,241 ESOP, 5,000 401(k)) on April 1, 2026, suggesting potential bearish sentiment about the company's future prospects.
The reported transactions were related to the acquisition of Blue Foundry Bancorp by Fulton Financial Corporation, where Packwood's stock options were cancelled and converted to cash payments.
The stock option grants vested ratably over 7 years, indicating a long-term incentive program for key employees like Packwood, the SVP and Chief Audit Officer.

Insider Trading Filed: 2026-04-01

Key Insights

James D. Nesci, the President and CEO of Blue Foundry Bancorp, has disposed of a significant number of shares, including 113,178 direct shares, 36,882 shares in an IRA, 11,772 shares in an ESOP, and 8,500 shares in a 401(k) plan.
The dispositions appear to be related to the merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation, where each share of Blue Foundry Bancorp was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.
Nesci also held 570,450 stock options in Blue Foundry Bancorp, which were cancelled and converted into a cash payment based on the per-share consideration price of $13.6435.

Insider Trading Filed: 2026-04-01

Key Insights

Insider Aleksandr Malkiman, the EVP and Chief Tech Officer, sold a total of 24,001 shares of Blue Foundry Bancorp (BLFY) on April 1, 2026 through direct sales and ESOP distributions.
The shares were sold as part of the previously announced merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation, where each BLFY share was converted into 0.650 shares of Fulton Financial stock.
The reported transaction reflects Malkiman's full divestment of his BLFY holdings, suggesting the completion of the merger.

Insider Trading Filed: 2026-04-01

Key Insights

The reporting person, Jonathan M. Shaw, disposed of 45,808 shares of Blue Foundry Bancorp's common stock directly, 14,238 shares indirectly through an IRA, 9,100 shares indirectly through a spouse's IRA, and 116 shares indirectly as a custodian for a child.
The disposition of shares was pursuant to the Agreement and Plan of Merger between Blue Foundry Bancorp and Fulton Financial Corporation, where each share of Blue Foundry Bancorp common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.
The reporting person also held 106,959 stock options in Blue Foundry Bancorp, which were cancelled and converted into the right to receive a cash payment in accordance with the Merger Agreement.

Insider Trading Filed: 2026-04-01

Key Insights

Insider James Christopher Ely has disposed of 57,783 shares of Blue Foundry Bancorp (BLFY) common stock and 10,366 shares held in his IRA, indicating a significant reduction in his direct and indirect beneficial ownership of the company.
The disposition of shares by Ely appears to be related to the merger between Blue Foundry Bancorp and Fulton Financial Corporation, as each share of BLFY common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.
Ely also held 106,959 stock options in BLFY, which were cancelled and converted into the right to receive a cash payment in accordance with the merger agreement.

Insider Trading Filed: 2026-04-01

Key Insights

Insider Robert Goldstein has sold a significant number of Blue Foundry Bancorp (BLFY) shares, including 39,283 shares directly and 27,887 and 8,500 shares through a 401(k) plan and IRA respectively.
The sell transactions occurred on April 1, 2026, shortly after the company's merger with Fulton Financial Corporation was completed on March 30, 2026.
Goldstein also had 106,959 stock options in BLFY, which were cancelled and converted into a cash payment as part of the merger agreement.

Insider Trading Filed: 2026-04-01

Key Insights

Kenneth Grimbilas, a director at Blue Foundry Bancorp, sold a significant amount of his direct and indirect holdings in the company's common stock, totaling over 100,000 shares.
The insider selling appears to be related to the merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation, where each share of Blue Foundry Bancorp common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.
The reported transactions suggest that the merger is progressing, and the director is taking advantage of the conversion terms to monetize his stake in the company.

Insider Trading Filed: 2026-04-01

Key Insights

Elizabeth Varki, a director of Blue Foundry Bancorp, has disposed of 21,502 shares of the company's common stock on April 1, 2026.
The disposition of shares is likely related to the merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation, where each share of Blue Foundry Bancorp was converted into 0.650 shares of Fulton Financial Corporation.
The transaction also includes the cancellation and conversion of outstanding stock options held by Elizabeth Varki into a cash payment based on the per share consideration price.

Insider Trading Filed: 2026-04-01

Key Insights

The filing indicates that Blue Foundry Bancorp is being acquired by Fulton Financial Corporation, with each share of Blue Foundry Bancorp common stock being converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.
The reporting person, Patrick H. Kinzler, has disposed of all of his direct and indirect beneficial ownership of Blue Foundry Bancorp common stock as a result of the merger.
Kinzler's outstanding stock options in Blue Foundry Bancorp have been cancelled and converted into the right to receive a cash payment based on the per share consideration price of the merger.

Insider Trading Filed: 2026-04-01

Key Insights

John F. Kuntz, a director of Blue Foundry Bancorp, has disposed of 21,255 shares of the company's common stock on April 1, 2026.
Kuntz also held stock options to acquire 48,133 shares of Blue Foundry Bancorp common stock, which were cancelled and converted into a cash payment as part of the merger agreement with Fulton Financial Corporation.
The merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation was completed, with each share of Blue Foundry Bancorp common stock being converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.

Insider Trading Filed: 2026-04-01

Key Insights

Mirella Lang, a director of Blue Foundry Bancorp (BLFY), has disposed of 44,028 shares of the company's common stock on April 1, 2026.
Lang also held 106,959 stock options in the company, which were cancelled and converted into a cash payment as part of the merger agreement with Fulton Financial Corporation.
The merger agreement between Blue Foundry Bancorp and Fulton Financial Corporation was announced on November 24, 2025, and each share of BLFY common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock.

Annual Report Filed: 2026-03-31

Key Insights

Blue Foundry Bancorp reported steady revenue growth and profitability in 2025, indicating a stable financial performance.
The company's investment portfolio showed a shift towards higher-yielding securities, which could improve net interest margins going forward.
The acquisition of Fulton Financial Corporation in late 2025 presents an opportunity for geographic expansion and potential cost synergies.

Insider Trading Filed: 2026-03-27

Key Insights

The reporting person, Acela Roselle, acquired 5,750 shares of common stock through vesting of performance shares, and disposed of 8,385 shares to satisfy tax obligations.
The reporting person holds a significant indirect ownership position in the company through a 401(k) plan and an ESOP, totaling 31,091 shares.
The reporting person holds 55,000 stock options that vest ratably over seven years starting October 19, 2023, indicating a long-term commitment to the company.

Insider Trading Filed: 2026-03-27

Key Insights

Elyse D. Beidner, the EVP and Chief Legal Officer of Blue Foundry Bancorp (BLFY), acquired 7,500 shares of common stock through vesting of performance shares, indicating management's confidence in the company's future.
Beidner also disposed of 12,297 shares to cover tax obligations, a common practice for insider transactions, while still maintaining a significant direct ownership of 16,998 shares.
The filing also reveals Beidner's indirect ownership of 20,000 shares through a 401(k) plan and 11,772 shares through an ESOP, further demonstrating her alignment with shareholder interests.

Insider Trading Filed: 2026-03-27

Key Insights

The filing shows that James D. Nesci, the President and CEO of Blue Foundry Bancorp, acquired 57,045 shares of common stock through a vesting of performance shares, and subsequently disposed of 80,297 shares to cover tax obligations.
Nesci now holds a total of 113,178 shares of common stock directly, as well as additional indirect holdings through an IRA, ESOP, and 401(k).
The filing also indicates that Nesci holds 570,450 stock options that vest ratably over seven years starting in October 2023.

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