Dietzler Edward J 4

What Happened
Edward J. Dietzler, CEO of Princeton Bancorp (BPRN), acquired phantom shares under the company's Deferred Compensation Plan. The Form 4 reports three derivative acquisitions: 143 phantom shares at $34.05 (value $4,869) and 189 phantom shares at $34.14 (value $6,452) on March 30, 2026, and 2 phantom shares at $36.25 (value $73) on May 28, 2026 — a total economic value of $11,394. These are acquisitions (not sales), so they represent additional deferred compensation rather than an open-market purchase.

Key Details

• Transaction dates & prices:
  • 2026-03-30: 143 phantom shares @ $34.05 = $4,869 (derivative)
  • 2026-03-30: 189 phantom shares @ $34.14 = $6,452 (derivative)
  • 2026-05-28: 2 phantom shares @ $36.25 = $73 (derivative)
• Total reported value: $11,394.
• Shares owned after the transaction: Not stated in the filing.
• Footnote: These are "phantom" stock units under the Princeton Bancorp, Inc. Deferred Compensation Plan. Each phantom share equals the economic equivalent of one common share and becomes payable (in cash or common stock, at the reporting person’s election) upon termination of employment.
• Filing: Form filed 2026-06-30 for transactions primarily dated 2026-03-30 — the filing date is about three months after the March transactions and appears late relative to standard Section 16 reporting windows (Form 4s are generally due within two business days of the transaction).
• Accession: 0001193125-26-289483.

Context
These were derivative awards under a deferred compensation plan, not exercises of options or open-market trades. Phantom stock is a contractual right that mirrors the economic value of company shares and typically vests or pays out later (here, payable on termination). Such deferred compensation entries indicate additional CEO compensation rather than an immediate purchase of common stock, and do not by themselves signal a near-term intent to buy or sell actual shares.