Adkins Stephanie 4

What Happened

• Stephanie Adkins, Chief Lending Officer of Princeton Bancorp (BPRN), received a grant of 2,103 restricted stock units (RSUs) on 2026-01-21 (reported 2026-01-22). The RSUs are recorded at $0.00 (typical for awards).
• On 2026-01-22, 776 derivative units were converted/exercised into shares and those 776 shares were disposed the same day (both the conversion and the disposition are recorded at $0.00).
• This filing reflects an award/vesting event (acquisition of RSUs) plus a same-day conversion/disposition of a portion of the units. Awards are acquisitions (not purchases); the disposal indicates shares were transferred or sold after conversion.

Key Details

• Transaction dates: RSU grant recorded 2026-01-21; conversion/disposition recorded 2026-01-22. Filing date: 2026-01-22.
• Prices/values: All derivative entries show $0.00 (standard for RSU grants and conversions where no cash purchase price is paid).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: (F1) Shares were acquired pursuant to the vesting of the RSU award expiring 01/22/2028. (F2) Each RSU represents the right to receive cash or one share; RSUs vest in 1/3 installments annually over three years.
• Timeliness: Filing was dated 2026-01-22 for transactions on 01/21–01/22; no late-filing indicator was provided.

Context

• RSUs are a form of compensation that vest over time; they can convert into shares or be paid in cash. The conversion (derivative exercise) and immediate disposition are often used to satisfy tax withholding or to monetize vested units, but the filing simply shows a conversion and a disposition — it does not state the reason.
• Because the report shows an award and a partial immediate disposition, this is primarily a compensation/vesting event rather than an outright purchase (which is normally viewed as a stronger bullish signal).