O'Donnell Daniel J. 4
Research Summary
AI-generated summary
Princeton Bancorp (BPRN) COO Daniel O'Donnell Receives 4,627 Shares
What Happened
- Daniel J. O'Donnell, Chief Operating Officer of Princeton Bancorp (BPRN), received a total of 4,627 shares through the exercise/conversion of derivative awards (reported with transaction code M). He acquired 2,286 shares on 2026-01-24 and 2,341 shares on 2026-01-25. The reports show $0 cash paid for these shares (the filing records the cost as $0.00), reflecting settlement of restricted stock units rather than an open-market purchase.
Key Details
- Transaction dates and type: 01/24/2026 — 2,286 shares (M, acquired); 01/25/2026 — 2,341 shares (M, acquired). Corresponding derivative "disposed" entries reflect conversion of the RSU instruments into common shares.
- Price/value: Reported acquisition price $0.00 (no cash paid). The Form 4 does not list a market value per share for these entries.
- Shares owned after transaction: Not stated in the excerpt of the filing.
- Footnotes: F1/F2 indicate these shares were issued pursuant to vesting of restricted stock unit awards (one award tied to 01/24/2027, another to 01/25/2026). F3 explains each RSU is the contingent right to receive either cash equal to a share’s value or one share; RSUs vest in one‑third annual installments over three years.
- Filing timeliness: Form 4 was filed 2026-01-26 for transactions on 01/24 and 01/25; this appears to be timely (Form 4s are normally due within two business days).
Context
- These entries reflect vesting/settlement of RSUs (derivative-to-stock conversion), a routine compensation event, not an open-market buy or sale. The "disposed" derivative line simply records the conversion of the RSU instrument into common stock. Per the footnote, the company may have the option to settle RSUs in cash or shares, but this filing shows shares were issued.