Princeton Bancorp (BPRN) director logs deferred phantom stock transactions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Princeton Bancorp, Inc. director and 10% owner Martin Tuchman reported discretionary phantom stock transactions under the company’s Non-Employee Directors Deferred Compensation Plan. On three dates in mid-2026, phantom stock units economically equivalent to common shares were credited at prices around $37.29–$37.70 per unit.
Following the most recent transaction on June 16, 2026, Tuchman held 11,375 phantom stock units. These awards are payable in cash or common stock, at his election, after his service as a director ends, and do not represent open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
TUCHMAN MARTIN
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 — 11,375 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units (after 2026-06-16): 11,375 units
Phantom stock units on 2026-06-16: 663 units at $37.70
Phantom stock units on 2026-06-15: 46 units at $37.65
+2 more
5 metrics
Phantom stock units (after 2026-06-16)
11,375 units
Total phantom stock holdings following June 16, 2026 transaction
Phantom stock units on 2026-06-16
663 units at $37.70
Discretionary phantom stock transaction under Rule 16b-3(f)
Phantom stock units on 2026-06-15
46 units at $37.65
Discretionary phantom stock transaction under Rule 16b-3(f)
Phantom stock units on 2026-06-12
355 units at $37.29
Discretionary phantom stock transaction under Rule 16b-3(f)
Conversion price of phantom stock
$0.00 per unit
Conversion/exercise price for phantom stock awards
Key Terms
Phantom stock, Non-Employee Directors Deferred Compensation Plan, Rule 16b-3(f), economic equivalent
4 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)""
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of BPRN common stock."
FAQ
What did Princeton Bancorp (BPRN) insider Martin Tuchman report on this Form 4?
Martin Tuchman reported three discretionary phantom stock transactions tied to Princeton Bancorp’s Non-Employee Directors Deferred Compensation Plan. These entries reflect deferred compensation credits, not open-market purchases or sales of BPRN common stock, and adjust his phantom stock balance under the plan.
How many phantom stock units does Martin Tuchman hold after these BPRN transactions?
After the most recent transaction dated June 16, 2026, Martin Tuchman holds 11,375 phantom stock units. Each unit is economically equivalent to one share of Princeton Bancorp common stock and is payable in cash or stock after his board service ends, at his election.
At what prices were the BPRN phantom stock transactions recorded for Martin Tuchman?
The phantom stock transactions were recorded at per-unit values of $37.29 on June 12, 2026, $37.65 on June 15, 2026, and $37.70 on June 16, 2026. These values determine the economic equivalent credited under the deferred compensation arrangement.
What is phantom stock in the context of Princeton Bancorp (BPRN)?
Phantom stock in this filing represents units whose value mirrors BPRN common stock. According to the disclosure, each phantom share equals one BPRN share economically and becomes payable, in cash or stock at the director’s election, after the director’s service terminates.
Under which plan were Martin Tuchman’s BPRN phantom stock units acquired?
The phantom stock units were acquired under Princeton Bancorp’s Non-Employee Directors Deferred Compensation Plan. This plan lets non-employee directors defer compensation into phantom stock units that track the value of BPRN common shares until their board service ends.