Ridolfi Robert N. 4

What Happened
Robert N. Ridolfi, a director of Princeton Bancorp, acquired a total of 1,064 phantom shares (derivative awards that track common stock) under the company's Non-Employee Directors Deferred Compensation Plan. The grants were recorded as discretionary derivative transactions on 2026-06-12 (355 shares @ $37.29 = $13,238), 2026-06-15 (46 shares @ $37.65 = $1,732), and 2026-06-16 (663 shares @ $37.70 = $24,995), for a combined value of approximately $39,965. These were acquisitions of deferred/phantom stock rather than open-market purchases.

Key Details

• Transaction dates and prices:
  • 2026-06-12: 355 phantom shares @ $37.29 ($13,238)
  • 2026-06-15: 46 phantom shares @ $37.65 ($1,732)
  • 2026-06-16: 663 phantom shares @ $37.70 ($24,995)
• Total: 1,064 phantom shares; aggregate value ≈ $39,965.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Acquired under the Non-Employee Directors Deferred Compensation Plan. Each phantom share is the economic equivalent of one common share and becomes payable in cash or common stock, at the director's election, upon termination of service.
• Filing timeliness: Form 4 was filed on 2026-06-24; the last reported transaction was 2026-06-16, so the filing occurred 8 days after the final transaction (later than the usual two-business-day reporting requirement).

Context
Phantom stock is a deferred compensation award that mirrors the value of company shares but does not represent immediate ownership of common stock; payout occurs later in cash or stock per the director’s election. Because these are plan-based derivative credits rather than open-market purchases or option exercises, they reflect compensation/deferral activity more than an immediate voting or liquidity decision.