Blue Foundry Bancorp Executive Compensation (FY24)

Name: Blue Foundry Bancorp (BLFY) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

BLFY · Executive and director compensation, fiscal 2023 to 2024

Chief executive, fiscal 2024

◇

James Nesci

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Data as of October 21, 2026Latest filing (DEF 14A): April 10, 2025

2 filings cited on this page

Method: intel.velarion.ai/methodology

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105 figures on this page, cited to the filing that reported them. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Blue Foundry Bancorp's chief executive and what were they paid?

James Nesci was paid $2,202,759 in total compensation as President and Chief Executive Officer for fiscal 2024. Nesci's total moved 40.4% lower from the $3,695,630 reported for fiscal 2023.

Which companies are in Blue Foundry Bancorp's peer group?

The disclosed peer group includes Arrow Financial Corp., Bar Harbor Bankshares, BCB Bancorp Inc., Cambridge Bancorp and Camden National Corp., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James Nesci President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Kelly Pecoraro Executive Vice President and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Jason Goldberg Executive Vice President and Chief Lending Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James Nesci President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Kelly Pecoraro Executive Vice President and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Aleksander Malkiman Executive Vice President and Chief Technology Officer	◇	—	◇	—	◇	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2024

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Aleksander Malkiman	PSU	◇	◇	◇	◇	—	◇	◇
James D. Nesci	PSU	◇	◇	◇	◇	—	◇	◇
Kelly Pecoraro	PSU	◇	◇	◇	◇	—	◇	◇

Fiscal 2023 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2024 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Aleksander Malkiman	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	10/19/2032
	PSU	◇	◇	—	—
James Nesci	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	10/19/2032
	PSU	◇	◇	—	—
Kelly Pecoraro	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	10/19/2032

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

James Nesci

President and Chief Executive Officer · Employment agreement

Severance multiple	◇
Change-in-control multiple	◇

Kelly Pecoraro

Executive Vice President and Chief Financial Officer · Change-in-control agreement

Change-in-control multiple

◇

Director compensation

What each non-employee director was paid.

Fiscal 2024

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Elizabeth Varki Jobes	◇	◇	◇	—	—	—	◇
John F. Kuntz	◇	◇	◇	—	—	—	◇
Kenneth Grimbilas Board chair	◇	—	—	—	—	◇	◇
J. Christopher Ely	◇	—	—	—	—	—	◇
Patrick H. Kinzler	◇	—	—	—	—	—	◇
Mirella Lang	◇	—	—	—	—	—	◇
Jonathan M. Shaw	◇	—	—	—	—	—	◇
Robert T. Goldstein	◇	—	—	—	—	—	◇

James D. Nesci served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as Restricted Stock and Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2024

Arrow Financial Corp. AROW
Bar Harbor Bankshares BHB
BCB Bancorp Inc. BCBP
Cambridge Bancorp CATC
Camden National Corp. CAC
Codorus Valley Bancorp Inc. CVLY
Enterprise Bancorp Inc. EBTC
ESSA Bancorp Inc. ESSA
Fidelity D&D Bancorp Inc. FDBC
Financial Institutions Inc. FISI
First Bank symbol not shown
FNCB Bancorp Inc. FNCB
Greene County Bancorp GCBC
HarborOne Bancorp Inc HONE
Meridian Corp. MRBK
Metropolitan Bank Holding Corp MCB
Mid Penn Bancorp MPB
Northfield Bancorp (Staten Island) NFBK
Northfield Bncp (Staten Island) symbol not shown
Orrstown Financial Services ORRF
Parke Bancorp Inc. PKBK
Peapack-Gladstone Financial PGC
Peoples Financial Services PFIS
Pioneer Bancorp PBFS
Ponce Financial Group PDLB
Princeton Bancorp BPRN
Rhinebeck Bancorp RBKB
The First of Long Island Corp. FLIC
Unity Bancorp Inc. UNTY
Washington Trust Bancorp, Inc. WASH

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Sample answer — “What is the CEO’s total compensation?”

- James Nesci (President and Chief Executive Officer), FY2024 total compensation $2,202,759 (base salary $700,000) [exec_comp, SEC accession 0001193125-25-077848, filed 2025-04-10]

What this page does not include

Everything above is a fact Blue Foundry Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Blue Foundry Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $499

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

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Adviser switching and vote outcomes

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

105 figures on this page, cited to the filing that reported them.

105 cited to the filing

Documents cited

DEF 14A, filed April 10, 2025
0001193125-25-077848
DIRECTOR COMPENSATION TABLE · Grants of Plan-Based Awards · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END · Proxy severance section · and 1 more section
DEF 14A, filed April 15, 2024
0001193125-24-096320
Summary Compensation Table

Cite this data

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Velarion, “Blue Foundry Bancorp executive compensation, FY2023–FY2024.” https://intel.velarion.ai/comp/BLFY (accessed 2026).

Short form: data: Velarion

The paid brief for Blue Foundry Bancorp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$1,500 for the Executive Compensation Report. Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

2 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

Blue Foundry Bancorp Executive Compensation (FY24)

The paid brief on Blue Foundry Bancorp

More on Blue Foundry Bancorp

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Velarion Pro: every company page, peer tools and exports, one seat

What this page does not include

Citations

Documents cited

The paid brief for Blue Foundry Bancorp

Peers Blue Foundry Bancorp discloses

Terms on this page