Form 4: Enterprise Bancorp Director Richard W. Main Reports Stock Disposal
SEC Form 4 Filing
Richard W. Main, a director and President of Enterprise Bancorp, reported disposing of 232 shares of common stock to cover tax obligations.
Summary
- On April 17, 2025, Richard W. Main, President and a director of Enterprise Bancorp INC /MA/ [EBTC], disposed of 232 shares of common stock.
- The transaction was executed at a price of $35.03 per share.
- Following the transaction, Main directly owns 225,390 shares of Enterprise Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (officers, directors, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The disposal of shares by a company insider could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 04/17/2025 | Date of stock disposal transaction |
| 04/22/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, EBTC, Enterprise Bancorp, Richard W. Main, Stock Disposal, Director, President
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