Dietzler Edward J 4

What Happened

• Edward J. Dietzler, Chief Executive Officer of Princeton Bancorp (BPRN), recorded conversions/exercises of restricted stock units (RSUs) that resulted in the acquisition of shares. He acquired 2,819 shares on 2026-01-24 and 2,888 shares on 2026-01-25, for a total of 5,707 shares. The reported price for each transaction is $0.00 (no cash paid). The filing also shows corresponding entries disposing of the related derivative instruments, consistent with conversion/settlement of the RSUs rather than an open-market sale of the acquired shares.

Key Details

• Transaction dates and reported amounts:
  • 2026-01-24: 2,819 shares acquired at $0.00 (derivative exercise/conversion)
  • 2026-01-25: 2,888 shares acquired at $0.00 (derivative exercise/conversion)
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Shares from RSU vesting expiring 01/24/2027.
  • F2: Shares from RSU vesting expiring 01/25/2026.
  • F3: Each RSU is the right to cash or one share; RSUs vest in 1/3 installments over three years (anniversary vesting).
• Timeliness: Form 4 filed 2026-01-26 reporting transactions on 01/24 and 01/25 — appears to be filed within the normal 2-business-day reporting window.

Context

• The transactions are the settlement/conversion of executive RSUs (derivative code M), not purchases funded on the open market. The filing’s “disposed” derivative lines reflect the termination/conversion of the derivative instrument, not an indication that shares were sold on the market.
• RSU vesting is a routine form of executive compensation; such acquisitions are common and do not necessarily signal a change in the CEO’s view of the stock. Purchases funded with personal cash are generally more informative about insider sentiment than routine vesting.