Gillespie Richard J. 4

What Happened

• Richard J. Gillespie, a director of Princeton Bancorp (BPRN), acquired a total of 1,064 phantom shares (derivative units) under the issuer's Non‑Employee Directors Deferred Compensation Plan. The acquisitions occurred on June 12, 15 and 16, 2026, for a combined reported value of $39,965.
• Details: 355 units at $37.29 ($13,238) on 2026-06-12; 46 units at $37.65 ($1,732) on 2026-06-15; and 663 units at $37.70 ($24,995) on 2026-06-16. These are acquisitions (not open‑market purchases of common stock).

Key Details

• Transaction dates & prices: 2026-06-12 (355 @ $37.29), 2026-06-15 (46 @ $37.65), 2026-06-16 (663 @ $37.70).
• Total acquired: 1,064 phantom shares; total reported value: $39,965.
• Nature of award: Derivative — phantom stock units under the Non‑Employee Directors Deferred Compensation Plan (footnote: each phantom share equals one common share economically; payable in cash or common stock at the director's election upon termination of service).
• Transaction type: Discretionary acquisitions under the deferred compensation plan (not open‑market trades or option exercises).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed on 2026-06-24 covering transactions from 2026-06-12 to 2026-06-16, which is beyond the SEC’s typical 2-business‑day reporting window (i.e., this Form 4 appears late).

Context

• These are deferred compensation credits (phantom stock), not immediate purchases of common shares; they become payable later in cash or stock per the director’s election, so they do not represent an immediate market buy or sale.
• Such director deferred‑compensation entries are common for non‑employee directors and reflect compensation deferral rather than trading based on current market views.