Princeton Bancorp (BPRN) CFO reports RSU grant and 669-share vest
Rhea-AI Filing Summary
Princeton Bancorp, Inc. (BPRN) reported an insider equity transaction by its Chief Financial Officer, George S. Rapp. On 01/21/2026, he was awarded 1,813 restricted stock units (RSUs) at a price of $0 per unit. Each RSU represents the right to receive either cash equal to the value of one share of common stock or one share of common stock and vests in one-third installments over three years on each anniversary of the grant date.
On 01/22/2026, 669 RSUs from a prior award expiring on 01/22/2028 vested and were settled into 669 shares of common stock at $0. After this transaction, Rapp directly owned 5,772 shares of common stock and 1,340 RSUs from the earlier award, while the newly granted 1,813 RSUs were reported separately as directly held derivative securities.
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FAQ
Who is the insider in Princeton Bancorp (BPRN)'s latest Form 4 filing?
The insider is George S. Rapp, who serves as Chief Financial Officer of Princeton Bancorp, Inc. (BPRN). The Form 4 indicates the filing is made by one reporting person and identifies him as an officer with that title.
What equity award did Princeton Bancorp (BPRN) grant to its CFO on 01/21/2026?
On 01/21/2026, the CFO received 1,813 restricted stock units (RSUs) at an exercise price of $0. Each RSU represents the contingent right to receive either the value of one share of common stock in cash or one share of common stock and vests in one-third installments over three years on each anniversary of the grant date.
What transaction occurred in Princeton Bancorp (BPRN) common stock on 01/22/2026?
On 01/22/2026, 669 RSUs were exercised (transaction code M) and converted into 669 shares of common stock at a price of $0. These shares were acquired pursuant to the vesting of a restricted stock unit award expiring on 01/22/2028, increasing the CFO’s directly held common stock.
How many Princeton Bancorp (BPRN) common shares does the CFO hold after these transactions?
Following the 01/22/2026 RSU conversion, the CFO directly owned 5,772 shares of common stock, as shown in Table I of the filing. This figure reflects his beneficial ownership of non-derivative common shares after the reported transaction.
How many restricted stock units does the Princeton Bancorp (BPRN) CFO hold after the Form 4 transactions?
After the 01/22/2026 RSU exercise of 669 units from the earlier award, that award had 1,340 RSUs remaining. Separately, the new 1,813 RSU grant from 01/21/2026 is reported with 1,813 derivative securities beneficially owned, all held directly.
What are the vesting terms of the Princeton Bancorp (BPRN) restricted stock units reported in this Form 4?
The footnotes state that each restricted stock unit represents the contingent right to receive either the value of one share of common stock in cash or one share of common stock. These RSUs vest in 1/3 installments over a 3-year period on each anniversary of the grant date, creating a multi-year vesting schedule.