Princeton Bancorp (BPRN) COO exercises options, boosting direct stake to 28,969 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Princeton Bancorp, Inc. Chief Operating Officer Daniel J. O'Donnell exercised stock options to acquire additional common shares. He exercised options covering a total of 10,000 shares of common stock at an exercise price of $22.00 per share. Following these transactions, his directly held common stock position increased to 28,969 shares. The filing shows no open-market buying or selling, only option exercises converting derivative positions into common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
4 txns
Insider
O'Donnell Daniel J.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to purchase | 735 | $0.00 | -- |
| Exercise | Option to purchase | 9,265 | $0.00 | -- |
| Exercise | Common Stock | 735 | $22.00 | $16K |
| Exercise | Common Stock | 9,265 | $22.00 | $204K |
Holdings After Transaction:
Option to purchase — 9,265 shares (Direct);
Common Stock — 19,704 shares (Direct)
Footnotes (1)
Key Figures
Options exercised: 10,000 shares
Exercise price: $22.00 per share
Post-transaction holdings: 28,969 shares
+1 more
4 metrics
Options exercised
10,000 shares
Total underlying common stock acquired via option exercise
Exercise price
$22.00 per share
Strike price of exercised options
Post-transaction holdings
28,969 shares
Direct common stock held after transactions
Derivative exercises
2 transactions
Exercise or conversion of derivative securities (code M)
Key Terms
Option to purchase, derivative exercise/conversion, derivative security
3 terms
Option to purchase financial
""security_title": "Option to purchase""
derivative exercise/conversion financial
""transaction_action": "derivative exercise/conversion""
derivative security financial
""transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Princeton Bancorp (BPRN) report for Daniel J. O'Donnell?
Princeton Bancorp reported that COO Daniel J. O'Donnell exercised stock options to acquire 10,000 shares of common stock at $22.00 per share. These were derivative exercises, not open-market purchases or sales, increasing his directly held common stock stake.
Were there any open-market purchases or sales in the Princeton Bancorp (BPRN) Form 4?
The Form 4 shows no open-market purchases or sales. All reported transactions use code M, indicating exercises or conversions of derivative securities into common stock, with an exercise price of $22.00 per share for the underlying options.
What option terms applied to Daniel J. O'Donnell’s Princeton Bancorp (BPRN) exercises?
The options exercised by Daniel J. O'Donnell had an exercise price of $22.00 per share and were originally granted with an exercise date of April 10, 2020 and an expiration date of April 10, 2026, according to the Form 4 data.