O'Donnell Daniel J. 4

What Happened

Daniel J. O'Donnell, COO of Princeton Bancorp, acquired a total of 153 phantom shares (derivative units) under the company's Deferred Compensation Plan. Transactions reported:

• 2026-03-30: 91 units at $34.05 each = $3,099 (derivative)
• 2026-03-30: 61 units at $34.14 each = $2,083 (derivative)
• 2026-05-28: 1 unit at $36.24 = $36 (derivative) Total value ≈ $5,218. These were acquisitions of phantom stock units (derivative awards), not open-market purchases of common shares.

Key Details

• Transaction dates/prices: 2026-03-30 (91 @ $34.05; 61 @ $34.14), 2026-05-28 (1 @ $36.24).
• Total units received: 153 phantom shares; total reported value ≈ $5,218.
• Nature: Derivative (phantom stock) acquired under the Deferred Compensation Plan; filing lists these as discretionary transactions (code "I").
• Footnote: The phantom shares are economic equivalents of common stock and become payable in cash or common stock at the reporting person's election upon termination of employment (see F1).
• Filing: Report filed with accession 0001193125-26-289793 on 2026-06-30 covering transactions dated 2026-03-30 and 2026-05-28. (Check the filing for timeliness; Form 4s are normally due within two business days of a reportable transaction.)

Context

Phantom stock units are a form of deferred compensation that track the value of company shares but do not transfer legal ownership until paid; they may be settled in cash or shares at a later date (here, upon termination). Because these are compensation awards (not open-market buys or sales), they represent a compensation event rather than an immediate change in the insider's public shareholding.