Ridolfi Robert N. 4
4 · Princeton Bancorp, Inc. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Princeton Bancorp (BPRN) Director Ridolfi Receives Award, Sells Shares
What Happened
Robert N. Ridolfi, a director of Princeton Bancorp (BPRN), had 2,250 restricted stock units (RSUs) vest on the first anniversary of the grant and acquired those shares. On 01/22/2026 he converted/exercised derivative rights and 1,700 shares were reported as disposed the same day. All reported transactions show a $0.00 per-share price (RSU settlement/conversion rather than an open-market cash purchase).
Key Details
- Transaction types: Award/Grant (A) of 2,250 RSUs (01/21/2026), Exercise/Conversion (M) of 1,700 shares acquired (01/22/2026) and 1,700 shares disposed (01/22/2026).
- Prices/values: Reported at $0.00 per share (reflects RSU vesting/conversion; no cash purchase price listed).
- Shares owned after the transactions: not specified in the excerpt provided.
- Footnotes: F1–F3 state the RSUs vest in full on the first anniversary and each RSU represents the right to receive either the value of one share in cash or one share of common stock. The RSUs vested on 01/22/2026.
- Filing timeliness: The report covers transactions on 01/21–01/22/2026 and was filed 01/26/2026; this is later than the typical 2-business-day Form 4 reporting requirement.
Context
This filing reflects RSU vesting and the conversion/settlement of those derivative awards, with a same-day disposition of a portion (1,700 shares). Derivative entries coded M indicate conversion/exercise; A indicates the RSU award. Such vesting and immediate settlements are commonly administrative (e.g., settlement or tax-related disposition) rather than open-market purchases or voluntary sales by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-22+1,700→ 74,038 total - Award
Restricted Stock Units
[F2]2026-01-21+2,250→ 2,250 totalExercise: $0.00From: 2027-01-21Exp: 2027-01-21→ Common Stock (2,250 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-01-22−1,700→ 0 totalExercise: $0.00From: 2026-01-22Exp: 2026-01-22→ Common Stock (1,700 underlying)
- 12,500(indirect: By Partnership)
Common Stock
- 23,775(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Shares acquired pursuant to the vesting of the restricted stock unit award listed below expiring on 01/22/2026.
- [F2]Each restricted stock unit represents the contingent right to receive either the value of one share of common stock in cash or one share of common stock. These restricted stock units vest in full on the first anniversary date of the grant.
- [F3]Each restricted stock unit represents the right to receive the value of one share of common stock in cash or one share of common stock. These restricted stock units vested in full on the first anniversary date of the grant.