Form 4: Enterprise Bancorp CEO John P. Clancy, Jr. Reports Stock Disposal
SEC Form 4 Filing
CEO John P. Clancy, Jr. of Enterprise Bancorp reports disposing of 472 shares of common stock on April 23, 2024, to cover tax obligations.
Summary
- On April 25, 2024, a Form 4 filing was submitted to the SEC regarding John P. Clancy, Jr., CEO of Enterprise Bancorp INC /MA/ (EBTC).
- The filing reports a transaction on April 23, 2024, where 472 shares of common stock were disposed of at a price of $24.43 per share.
- This disposal was likely to cover tax obligations.
- Following the transaction, Clancy directly owns 188,492 shares of Enterprise Bancorp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations and does not inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of stock disposal transaction. |
| 04/25/2024 | Date of Form 4 filing. |
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