Rapp George S. 4
Research Summary
AI-generated summary
Princeton Bancorp (BPRN) CFO George Rapp Converts RSUs to 1,235 Shares
What Happened
- George S. Rapp, Chief Financial Officer of Princeton Bancorp, converted restricted stock units (RSUs) into a total of 1,235 shares of common stock. The filings show conversions/exercises of derivative securities (transaction code M) for 610 and 625 shares.
- Each conversion was reported at $0.00 per share (no cash paid on exercise), so there were no purchase proceeds or sale proceeds reported. These transactions reflect the vesting/settlement of RSU awards, not open-market purchases or voluntary sales.
Key Details
- Transaction dates and amounts: 610 shares (conversion) on 2026-01-24; 625 shares (conversion) on 2026-01-25. Both conversions also appear as disposals of the derivative instrument on 2026-01-24 in the filing (these paired entries reflect conversion of the RSU/derivative into common stock).
- Price: $0.00 per share (reflects conversion/settlement of RSUs, not a cash purchase).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1/F2 — shares were acquired pursuant to vesting of listed RSU awards (one award expiring 01/24/2027, another expiring 01/25/2026). F3 — each RSU represents the right to receive either one share or its cash value; RSUs vest in one-third installments over three years on each grant anniversary.
- Filing: Form 4 filed 2026-01-27 covering transactions on Jan 24–25, 2026 (no late-filing flag provided in the supplied data).
Context
- These entries reflect routine vesting/settlement of RSUs (derivative conversion), not market purchases or discretionary sales; such vesting is a standard compensation event and does not necessarily signal insider sentiment.
- Transaction code M denotes conversion/exercise of a derivative security (RSU) into shares. No tax-withholding or sales-for-cash details were shown in the provided entries.