other material
confidence high
sentiment neutral
materiality 0.55
Princeton Bancorp expands deferred comp plan to include CEO, COO effective Jan 1, 2026
Princeton Bancorp, Inc.
- Plan amended to allow CEO and COO to defer annual cash compensation into phantom investments, including company stock fund.
- Executives also eligible for discretionary employer restoration contributions subject to Compensation Committee approval.
- Participants are 100% vested in their own deferrals; discretionary contributions may have vesting conditions.
- Deferral elections must be made annually by Dec 31 prior to year compensation earned; no carryover from year to year.
- Distributions may be lump sum or installments (2-5 years); must begin at least 2 years after deferral.