Form 4: Enterprise Bancorp Director Koutsos Acquires Shares in Lieu of Cash Compensation

Director John A. Koutsos acquired 1,286 shares of Enterprise Bancorp Inc. common stock in lieu of cash compensation on January 21, 2025.

Summary

• On January 21, 2025, John A. Koutsos, a director of Enterprise Bancorp Inc., acquired 1,286 shares of common stock.
• The acquisition was made in lieu of director cash compensation under the Enterprise Bancorp, Inc. 2016 Stock Incentive Plan.
• The price per share was $29.24.
• Following the transaction, Koutsos directly owns 46,003 shares of Enterprise Bancorp Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director taking stock in lieu of cash compensation can be seen as a sign of confidence, but it's a relatively small transaction.

Positives

• The director's decision to take shares in lieu of cash compensation could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, especially in smaller banks, as it aligns their interests with those of shareholders and conserves cash.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates