XML 75 R65.htm IDEA: XBRL DOCUMENT v3.24.2.u1
STOCK-BASED COMPENSATION - Equity incentive plan (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Aug. 25, 2022
Mar. 31, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Granted (in shares)     0 48,133 0
Expected future expense of non-vested options       $ 6.7  
Shares granted (in shares)       377,695  
Performance based shares, forfeited       55,523  
Restricted Stock          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Expected period of recognition (in years)       4 years 10 months 24 days  
Expected future expense of non-vested RSUs       $ 8.0  
Option          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Expected period of recognition (in years)       4 years 8 months 12 days  
Performance Shares          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Performance based shares, forfeited   347,640      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan)          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Number of shares authorized for grant (in shares) 3,993,150        
Expected life of stock options (in years)       6 years 6 months  
Risk free interest rate       3.94%  
Volatility rate       32.26%  
Expected dividend yield       0.84%  
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Restricted Stock          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Number of shares authorized for grant (in shares) 1,140,900        
Initial period before vesting begins (in years) 1 year        
Shares granted (in shares)   184,625      
Aggregate grant date fair value   $ 1.8      
Term after grant date vesting starts (in years)   1 year      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Restricted Stock | Share-Based Payment Arrangement, Tranche One          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years)   1 year      
Shares granted (in shares)   2,900      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Restricted Stock | Share-Based Payment Arrangement, Tranche Two          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years)   5 years      
Shares granted (in shares)   19,255      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Restricted Stock | Share-Based Payment Arrangement, Tranche Three          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years)   6 years      
Shares granted (in shares)   162,470      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Restricted Stock | Minimum          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years) 5 years        
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Restricted Stock | Maximum          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years) 7 years        
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Option          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Number of shares authorized for grant (in shares) 2,852,250        
Initial period before vesting begins (in years) 1 year        
Expiration period of options (in years) 10 years        
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Option | Minimum          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years) 5 years        
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Option | Maximum          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years) 7 years        
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Performance Shares          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Vesting service period (in years)   4 years      
Shares granted (in shares)   193,070      
Aggregate grant date fair value   $ 1.8      
Term of measurement period for PSUs (in years)   3 years      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Performance Shares | Minimum          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Percentage of target awarded   0.00%      
Blue Foundry Bancorp 2022 Equity Incentive Plan (Equity Plan) | Performance Shares | Maximum          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]          
Percentage of target awarded   100.00%