Princeton Bancorp Unveils Amended Deferred Compensation Plan for Executives and Directors
Reuters
Nov 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.
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