Form 4: Director Ridolfi Reports Phantom Stock Transaction in Princeton Bancorp, Inc.

Robert N. Ridolfi, a director of Princeton Bancorp, Inc., reported a transaction involving phantom stock, an economic equivalent of common stock, on July 9, 2024.

Summary

• Robert N. Ridolfi, a director of Princeton Bancorp, Inc. (BPRN), filed a Form 4 with the SEC.
• The filing reports a transaction involving phantom stock, which is the economic equivalent of BPRN common stock.
• On July 9, 2024, Ridolfi acquired 1,189 shares of phantom stock.
• The price of the phantom stock was $33.66 per share.
• Following the transaction, Ridolfi directly owns 6,713 shares of phantom stock.
• The phantom stock becomes payable in cash or common stock upon Ridolfi's termination of service as a director.

Sentiment

Score: 5

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

Future Outlook

The phantom stock is payable in cash or common stock upon the director's termination of service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates