Form 4: Director Richard J. Gillespie Reports Phantom Stock Transaction in Princeton Bancorp, Inc.

Richard J. Gillespie, a director of Princeton Bancorp, Inc., reported a transaction involving phantom stock, which is economically equivalent to common stock, on July 9, 2024.

Summary

• Richard J. Gillespie, a director of Princeton Bancorp, Inc. (BPRN), filed a Form 4 on July 15, 2024, reporting changes in beneficial ownership.
• The reported transaction involves phantom stock, where each share is economically equivalent to one share of BPRN common stock.
• On July 9, 2024, Gillespie acquired 1,189 shares of phantom stock at a price of $33.66.
• Following the transaction, Gillespie directly owns 6,713 shares of phantom stock and indirectly owns 1,189 shares.
• The phantom stock becomes payable in cash or common stock upon Gillespie's termination of service as a director.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The phantom stock becomes payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates a director's ongoing stake in the company.

Key Dates