Form 4: Enterprise Bancorp EVP & CFO Joseph R. Lussier Reports Stock Transactions
SEC Form 4 Filing
Joseph R. Lussier, EVP & CFO of Enterprise Bancorp, reports exercising stock options and disposing of shares to cover tax obligations.
Summary
- On February 23, 2024, Joseph R. Lussier, the EVP & CFO of Enterprise Bancorp, exercised options to acquire 179 shares of common stock at a price of $20.29 per share.
- On the same day, Lussier disposed of 149 shares of common stock at a price of $27 to satisfy tax obligations.
- Following these transactions, Lussier directly owns 10,208.5589 shares of Enterprise Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock option exercise and share disposal |
| 02/27/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.