Princeton Bancorp, Inc.·4

Jan 23, 10:12 AM ET

Clark Matthew T. 4

Research Summary

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Princeton Bancorp (BPRN) CIO Matthew T. Clark Receives RSUs, Converts 608

What Happened

  • Matthew T. Clark, Chief Information Officer of Princeton Bancorp (BPRN), reported the vesting of restricted stock units (RSUs) and a same-week conversion. On 2026-01-21, 1,647 RSUs vested (reported as an award). On 2026-01-22 he converted/exercised 608 derivative units into shares and a matching 608 shares were disposed the same day. All transactions show $0.00 per-share in the filing (common for RSU vesting/conversion events).

Key Details

  • Transaction dates: Award/vesting 2026-01-21; conversion/exercise and disposal 2026-01-22.
  • Report filed: 2026-01-23 (timely within standard 2-business-day window).
  • Prices/values: entries reported at $0.00 per share (total dollar amounts not reported in the Form 4 lines provided).
  • Shares owned after transaction: not specified in the supplied details.
  • Footnotes:
    • F1 — Shares were acquired pursuant to the vesting of the RSU award; award expires 01/22/2028.
    • F2 — Each RSU represents the contingent right to receive cash or one share; RSUs vest in one-third installments over three years (each anniversary of grant).
  • Transaction codes: A = award/grant; M = exercise/conversion of derivative; the disposal on the same day is reported separately.

Context

  • RSU vesting is a compensation event (not an open-market buy). Conversion/exercise (M) means derivative rights were converted into shares; the immediate disposal of 608 shares is commonly done to satisfy tax withholding or to monetize a portion of the award, though the Form 4 does not state the reason.
  • This filing documents executive compensation and routine post-vesting activity rather than an open-market purchase or a discretionary sale by the insider.