Princeton Bancorp (NASDAQ: BPRN) director reports phantom stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Princeton Bancorp, Inc. director Robert N. Ridolfi reported three discretionary transactions in phantom stock tied to the company’s common stock. On June 12, 15, and 16, he entered transactions covering 355, 46, and 663 phantom stock units at reference values around the mid‑$37 range.
According to the company’s Non-Employee Directors Deferred Compensation Plan, each phantom stock unit is economically equivalent to one share of BPRN common stock and becomes payable, in cash or common stock at his election, when his board service ends. Following the latest transaction, he holds 10,211 phantom stock units directly. These are compensation-related, derivative entries rather than open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ridolfi Robert N.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Phantom stock | 663 | $37.70 | $25K |
| I | Phantom stock | 46 | $37.65 | $2K |
| I | Phantom stock | 355 | $37.29 | $13K |
Holdings After Transaction:
Phantom stock — 10,211 shares (Direct, null)
Footnotes (1)
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Key Figures
Phantom stock units (Jun 16): 663 units at $37.70
Phantom stock units (Jun 15): 46 units at $37.65
Phantom stock units (Jun 12): 355 units at $37.29
+1 more
4 metrics
Phantom stock units (Jun 16)
663 units at $37.70
Discretionary transaction under Rule 16b-3(f)
Phantom stock units (Jun 15)
46 units at $37.65
Discretionary transaction under Rule 16b-3(f)
Phantom stock units (Jun 12)
355 units at $37.29
Discretionary transaction under Rule 16b-3(f)
Total phantom stock holdings
10,211 units
Holdings following Jun 16, 2026 transaction
Key Terms
Phantom stock, Non-Employee Directors Deferred Compensation Plan, Rule 16b-3(f)
3 terms
Phantom stock financial
"Each share of phantom stock is the economic equivalent of one share of BPRN common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Non-Employee Directors Deferred Compensation Plan financial
"Acquired under the issuer's Non-Employee Directors Deferred Compensation Plan."
Rule 16b-3(f) regulatory
"transaction_code_description: Discretionary transaction under Rule 16b-3(f)"
FAQ
What insider transactions did BPRN director Robert N. Ridolfi report?
Robert N. Ridolfi reported three discretionary transactions in phantom stock units linked to Princeton Bancorp common stock. These occurred on June 12, 15, and 16, 2026, and are classified as derivative, compensation-related entries rather than open-market share purchases or sales.
How many phantom stock units does Robert N. Ridolfi hold in BPRN?
After the reported transactions, Robert N. Ridolfi holds 10,211 phantom stock units tied to Princeton Bancorp common stock. Each unit is economically equivalent to one share and will be settled in cash or stock when his service as a director ends.
What is phantom stock in the Princeton Bancorp (BPRN) deferred plan?
Phantom stock in Princeton Bancorp’s Non-Employee Directors Deferred Compensation Plan represents units economically equivalent to BPRN common shares. The units track the stock’s value and are paid out in cash or common stock, at the director’s election, after the director’s service terminates.
What does a discretionary transaction under Rule 16b-3(f) mean for BPRN?
A discretionary transaction under Rule 16b-3(f) is an insider transaction in issuer securities exempt from certain short-swing profit rules. For BPRN, Ridolfi’s phantom stock entries are coded as such, reflecting compensation-related adjustments rather than ordinary market buying or selling of common stock.
On what dates were the recent BPRN phantom stock transactions recorded?
The recent phantom stock transactions for Princeton Bancorp director Robert N. Ridolfi were recorded on June 12, 2026, June 15, 2026, and June 16, 2026. Each date involved a separate discretionary transaction in phantom stock units under the company’s deferred compensation plan.