Form 4: Enterprise Bancorp EVP & CFO Reports Stock Disposal
SEC Form 4 Filing
Joseph R. Lussier, EVP & CFO of Enterprise Bancorp, Inc., reported disposing of 85 shares of common stock on March 16, 2025, to cover tax obligations.
Summary
- On March 16, 2025, Joseph R. Lussier, the EVP & CFO of Enterprise Bancorp, Inc., disposed of 85 shares of common stock.
- The transaction was executed at a price of $39.53 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercise.
- Following the transaction, Lussier directly owns 14,006.1015 shares of Enterprise Bancorp, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock disposal. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals are not necessarily negative, as they can be for tax purposes or diversification.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a small disposal by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/16/2025 | Date of stock disposal transaction |
| 03/18/2025 | Date of signature on the Form 4 filing |
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