Shueh Stephen 4
Research Summary
AI-generated summary
Princeton Bancorp (BPRN) Director Stephen Shueh Converts RSUs, Sells 1,700
What Happened
- Stephen Shueh, a director of Princeton Bancorp, received a grant of 2,250 restricted stock units (RSUs) on 2026-01-21. The filing shows RSUs vesting/being converted on 2026-01-22: 1,700 shares were converted (reported as acquired via derivative exercise) and those same 1,700 shares were disposed the same day. All transactions are reported at $0.00 per share in the Form 4 (typical for RSU conversions).
Key Details
- Transaction dates and types: 2026-01-21 — Grant/award of 2,250 RSUs (code A); 2026-01-22 — Conversion/exercise of 1,700 RSUs into shares (code M, acquired) and simultaneous disposition of 1,700 shares (code M, disposed).
- Prices reported: $0.00 per share for the derivative exercise/conversion entries (RSU conversions are often reported at $0).
- Shares owned after transaction: Not specified in the excerpt provided.
- Footnotes: F1–F3 confirm these are RSUs that vest in full on the first anniversary of the grant and each unit represents the right to one share or the cash value of one share.
- Filing timeliness: Form 4 was filed 2026-01-26 for transactions on 2026-01-21/22; this filing date appears to be timely under Form 4 reporting rules.
Context
- These entries reflect RSU award and conversion. The immediate acquisition and disposal of the 1,700 shares indicates those RSUs were converted to shares and then disposed the same day (the filing does not state the cash proceeds or whether this was a sale to cover taxes or a net settlement). Such conversions/dispositions are common with vested equity awards and do not necessarily signal a change in an insider’s view of the company.