Form 4: Enterprise Bancorp CEO Steven Larochelle Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Steven R. Larochelle disposed of 86 shares of Enterprise Bancorp Inc. common stock on April 17, 2025, to satisfy tax obligations.
Summary
- On April 17, 2025, Steven R. Larochelle, CEO of Enterprise Bancorp Inc., disposed of 86 shares of common stock.
- The transaction was executed at a price of $35.03 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercise.
- Following the transaction, Larochelle directly owns 58,021.3845 shares of Enterprise Bancorp Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) by a company insider, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations.
Stakeholder Impact
- The disposal of a small number of shares is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/17/2025 | Date of transaction: Steven R. Larochelle disposed of shares. |
| 04/22/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, EBTC, Enterprise Bancorp, Steven Larochelle, Insider Trading, Stock Disposal, Tax Obligations, CEO
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