Procore signs multi-year strategic collaboration agreement with AWS
Matthew T. Clark, the Chief Information Officer of Princeton Bancorp, Inc. (NASDAQ:BPRN), a $228 million market cap regional bank with a 3.5% dividend yield, has recently sold 253 shares of the company’s common stock. The shares were sold at a price of $37 each, totaling $9,361. Following this transaction, Clark holds 2,069 shares in the company. With the bank’s next earnings report due tomorrow and trading below book value at a P/B ratio of 0.89, InvestingPro analysis reveals several key metrics and growth indicators that could impact the stock’s performance.
In other recent news, Princeton Bancorp, Inc. announced amendments to its executive employment agreements. Effective January 22, 2025, these changes involve the bank’s top executive officers and clarify severance benefits in the event of a change in control. Among those affected are Edward J. Dietzler, President and CEO; Daniel J. O’Donnell, EVP, General Counsel and COO; Stephanie Adkins, EVP and Chief Lending Officer; and George S. Rapp, EVP and CFO. The amendments correct an error from the 2023 restatement of employment agreements, restoring the original severance multiplier for Mr. Dietzler and Mr. O’Donnell. Following a change in control, these executives will now receive a severance benefit multiplied by three. The detailed terms of these amendments will be disclosed in Princeton Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024. These are recent developments based on the company’s latest SEC filing.
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