Form 4: Princeton Bancorp Executive Matthew T. Clark Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Matthew T. Clark, Chief Information Officer of Princeton Bancorp, Inc., reported disposing of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On February 5, 2025, Matthew T. Clark, Chief Information Officer of Princeton Bancorp, Inc., disposed of shares of common stock to cover tax obligations.
- The disposals were related to the vesting of restricted stock units on January 24, 2025, January 25, 2025, and January 26, 2025.
- A total of 77 shares were disposed of at $33.23, 201 shares at $33.23, and 210 shares at $32.65.
- Following these transactions, Clark beneficially owns 1,581 shares of Princeton Bancorp, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions.
Key Dates
| Date | Description |
|---|---|
| January 24, 2025 | Restricted stock units vested, leading to tax liability. |
| January 25, 2025 | Restricted stock units vested, leading to tax liability. |
| January 26, 2025 | Restricted stock units vested, leading to tax liability. |
| February 05, 2025 | Date of stock disposal to cover tax liabilities. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Princeton Bancorp, Matthew T. Clark, stock disposal, restricted stock units, tax liability, BPRN, beneficial ownership, Chief Information Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.