Form 4: Enterprise Bancorp EVP Brian Bullock Executes Stock Option, Disposes of Shares for Tax Purposes
SEC Form 4 Filing
Brian Bullock, EVP of Enterprise Bancorp, exercised stock options and disposed of shares to cover tax obligations on February 18, 2025.
Summary
- On February 18, 2025, Brian H. Bullock, EVP of Enterprise Bancorp, exercised options to purchase 530 shares of common stock at a price of $21.03 per share.
- Following the exercise, Bullock disposed of 353 shares to satisfy tax obligations at a price of $43.17.
- After these transactions, Bullock directly owns 66,405 shares of Enterprise Bancorp common stock and indirectly owns 3,016.8065 shares through his wife.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock option exercises and share disposals, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard stock option exercises and tax-related disposals, common occurrences among executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent routine stock option exercises and tax-related disposals by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/17/2019 | Option exercisable date |
| 03/16/2025 | Option expiration date |
| 02/18/2025 | Date of earliest transaction: stock option exercise and share disposal |
| 02/20/2025 | Signature date of the Form 4 filing |
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