Princeton Bancorp Unveils Amended Deferred Compensation Plan for Executives and Directors

Reuters
2025/11/26
Princeton Bancorp Unveils Amended Deferred Compensation Plan for Executives and Directors

Princeton Bancorp Inc. has announced an amendment and restatement of The Bank of Princeton Deferred Compensation Plan, effective January 1, 2026. Under the revised plan, the Chief Executive Officer and Chief Operating Officer may elect to defer a portion of their annual cash compensation and invest these deferrals in phantom investments, including company common stock through a stock fund. The plan also permits non-employee directors to continue deferring a portion of their cash compensation. Participants are fully vested in their deferrals and can choose to receive payouts in a lump sum or in annual installments over two to five years, with payments beginning at least two years after the deferral. The updated plan includes provisions for discretionary employer contributions, subject to approval by the Compensation/HR Committee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Princeton Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-297299), on November 25, 2025, and is solely responsible for the information contained therein.

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