Stephen Shueh
About Stephen K. Shueh
Independent director of Princeton Bancorp, Inc. since 2008; age 49. Managing Partner at Roundview Capital since 1997. Education: A.B. with honors (Princeton University), master’s in government (Harvard University), and M.B.A. (Wharton, Dean’s Award) . Determined independent under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lightbox Ventures funds (India) | Director (fund boards) | 2019–2022 | Early-stage venture oversight |
| Montgomery Basketball Association | Board member | 2014–2024 | Community youth sports governance |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Roundview Capital | Managing Partner | 1997–present | Money management for HNW families/institutions |
| Grounds for Sculpture | Investment Committee | Ongoing | Helped create and serves on endowment investment committee |
| United Way of Greater Mercer County | Endowment Management Committee Chair | Since 2009 | Chairs endowment oversight |
| Princeton YMCA/YWCA | Joint Trustees Chair | 2015 | Community leadership |
| Montgomery Township Education Foundation | Vice President | Since 2013 | Education philanthropy leadership |
| Montgomery Township Recreation Committee | Chair | Since 2016 | Oversees parks and recreation investments |
| Interlock Capital | Partner | As of 2024 | Venture investing (private) |
| Greyscale AI | Director | As of 2024 | Series A, Silicon Valley (private) |
Board Governance
- Committee assignments: Not listed on Audit, Compensation/HR, or Nomination Committees (Audit: Giacin chair, Ridolfi, Tuchman, Gillespie; Compensation/HR: Gillespie chair, Giacin, Tuchman, Ridolfi; Nomination: Wishnick chair, Gillespie, Ridolfi) .
- Independence: Board determined Shueh is independent under Nasdaq standards .
- Attendance: Directors achieved at least 75% attendance in 2024 (board met 11 times; Audit 4; Compensation/HR 6; Nomination 1); directors attended the 2024 annual meeting (Barrett excluded as appointed later) .
- Years of service: Director since 2008 .
- Diversity: Identified as one of two “diverse” directors under Nasdaq board diversity rules (with Judith Giacin) .
- Board leadership: Independent chair (Richard J. Gillespie) separate from CEO, supporting independent risk oversight .
Fixed Compensation
| Year | Annual Retainer (Cash) | Stock Awards (RSUs, grant-date fair value) | All Other Compensation | Total |
|---|---|---|---|---|
| 2024 | $80,000 | $55,522 | $10,800 (club dues benefit) | $146,322 |
| 2023 | $80,000 | $32,490 | $10,386 (club dues benefit) | $122,876 |
- Director equity awards: RSUs granted annually; no meeting fees or separate committee chair fees disclosed for Shueh .
Performance Compensation
No performance-based metrics disclosed for director pay; RSUs vest time-based.
| Item | Detail |
|---|---|
| RSU vesting | One-year cliff for director RSUs |
| RSUs outstanding (12/31/2024) | 1,250 units |
| Options outstanding (12/31/2024) | 10,000 options, strike $18.17, expire 07/15/2025; fully vested |
| Options outstanding (12/31/2023) | 17,000 options; fully vested legacy grants |
Other Directorships & Interlocks
- Public company boards: None; only Martin Tuchman serves on a public company (FTAI Aviation Ltd.) per Company disclosure .
- Private boards/roles: As above (Greyscale AI, Interlock Capital) .
- Related-party transactions: None disclosed involving Shueh; board RPTs include headquarters lease with JAT Holdings (owned by Distler) and Kingston branch lease with Princeton International Properties (owned by Tuchman) .
Expertise & Qualifications
- Finance/investment: 25+ years managing HNW/institutional assets; endowment governance experience .
- Education: Princeton A.B.; Harvard master’s (government); Wharton M.B.A. (Dean’s Award) .
- Community/ESG engagement: Leadership roles at United Way, YMCA/YWCA, and local education/recreation bodies .
Equity Ownership
| Metric | As of Mar 4, 2024 | As of Mar 7, 2025 |
|---|---|---|
| Beneficial ownership (shares) | 116,652 | 108,137 |
| Ownership (%) | 1.8% | 1.6% |
| Roundview-managed shares with voting/investment power | 76,064 | 75,299 |
| Options included in beneficial ownership | 17,000 | 10,000 |
| RSUs outstanding (director) | 1,000 (12/31/2023) | 1,250 (12/31/2024) |
- Pledging/hedging: Not disclosed; company maintains insider trading policy to promote compliance with laws/Nasdaq standards .
- Section 16 compliance: No late filings reported for Shueh in 2023 or 2024; late Form 4s noted for other officers .
Governance Assessment
-
Strengths
- Independent, long-tenured director with deep investment management and endowment governance experience—useful for ALM, capital allocation, and risk oversight .
- Solid attendance and engagement; board operates under independent chair/CEO split .
- Meaningful equity alignment via beneficial ownership and annual RSUs; options historically fully vested and nearing expiration (July 2025) .
-
Watch items / potential red flags
- No membership on key board committees (Audit, Compensation/HR, Nomination), limiting direct influence on financial oversight, pay practices, and board refreshment .
- Roundview-managed shares confer voting and investment power to Shueh (beneficial ownership count includes these)—not a related-party transaction, but investors should monitor for potential perceived conflicts if Roundview transacts in BPRN stock; no adverse disclosures to date .
- Board-level related-party leases exist with other directors (Distler/Tuchman), though affirmed fair-market and approved by disinterested directors; none involve Shueh .
-
Compensation signals (director)
- Year-over-year increase in director RSU grant value (from $32,490 in 2023 to $55,522 in 2024) suggests a tilt toward equity for board alignment; awards remain time-based, not performance-tied .
- No director stock ownership guidelines disclosed specific to directors; investors may seek clarity on guideline levels and compliance status (no explicit guideline language in cited sections).
Overall, Shueh’s independence, tenure, and finance background support board effectiveness. Lack of committee roles is the primary governance gap; however, attendance and equity alignment are positive, with no related-party exposures disclosed for him .