Barrett Susan 4

What Happened

• Susan Barrett, a director of Princeton Bancorp (BPRN), reported the vesting and conversion/exercise of restricted stock units (RSUs) and the same-day disposition of a portion of the resulting shares. The filing shows 2,250 RSUs acquired (vested) and 1,700 shares converted/exercised on 2026-01-21/01-22, with 1,700 shares disposed on 2026-01-22. The reported per-share exercise/acquisition price is $0.00 and the filing reports $0 amounts for these transactions (monetary proceeds from any sale are not disclosed in the excerpt).

Key Details

• Transaction dates: RSU award/vesting reported 2026-01-21; conversion/exercise and disposition reported 2026-01-22.
• Prices reported: Exercise/conversion and disposition listed at $0.00 per share in the Form 4 (common for RSU vesting/conversion entries); monetary proceeds of any sale are not provided in the provided data.
• Share counts: 2,250 RSUs vested/acquired; 1,700 shares converted/exercised and 1,700 shares disposed.
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes: RSUs represent the right to receive either cash or one share per unit; these RSUs vested in full on the first anniversary of the grant (per footnotes F1–F3).
• Filing timeliness: The Form 4 was filed on 2026-01-26 for transactions on 2026-01-21/01-22, which is beyond the typical 2-business-day filing window and appears late.

Context

• These were derivative/RSU transactions: RSUs vested and were converted to shares (exercise/conversion), and 1,700 of those shares were disposed the same day, which is commonly seen when shares are sold immediately to cover taxes or monetized (the filing itself does not state the reason). Such routine post-vesting sales are different from open-market purchases and don’t necessarily indicate a change in the insider’s view of the company.