Clark Matthew T. 4
Research Summary
AI-generated summary
Princeton Bancorp (BPRN) CIO Matthew T. Clark Sells 567 Shares via Tax Withholding
What Happened
Matthew T. Clark, Chief Information Officer of Princeton Bancorp (BPRN), had a total of 567 shares withheld to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The filing records three withholding transactions on Feb 9, 2026: 172 shares at $37.08 ($6,378), 188 shares at $37.08 ($6,971), and 207 shares at $37.09 ($7,678), totaling $21,027. These are tax-withholding dispositions (code F), not discretionary open-market sales.
Key Details
- Transaction date reported: February 9, 2026; filing date: February 10, 2026.
- Prices and amounts: 172 @ $37.08 ($6,378); 188 @ $37.08 ($6,971); 207 @ $37.09 ($7,678); total 567 shares, $21,027.
- Shares owned after the transactions: not specified in the information provided in this summary.
- Footnotes: F1–F3 indicate these withholdings cover tax liability for RSUs vested on Jan 25, 2026 (F1), Jan 24, 2026 (F2), and Jan 22, 2026 (F3).
- Filing timeliness: filed the day after the transactions (no late-filing flag shown).
Context
These disposals are routine tax-withholding actions tied to RSU vesting (shares withheld to cover tax), which are reported as dispositions but do not necessarily reflect a discretionary sale or change in insider sentiment. For retail investors, purchases or open-market sales by insiders typically carry more interpretive weight; tax withholding on vested awards is common and administrative in nature.