Form 4: Enterprise Bancorp EVP Exercises Options and Disposes of Shares

Joseph R. Lussier, EVP & CFO of Enterprise Bancorp, exercised options to acquire 176 shares of common stock at $21.03 and disposed of 114 shares to cover tax obligations.

Summary

• On February 28, 2025, Joseph R. Lussier, the EVP & CFO of Enterprise Bancorp, exercised options to purchase 176 shares of common stock at a price of $21.03 per share.
• Following the exercise of these options, Lussier disposed of 114 shares to satisfy tax obligations at a price of $43.12.
• After these transactions, Lussier directly owns 14,091.1015 shares of Enterprise Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock option exercises and share disposals, which is neutral in sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests. These filings are common across all publicly traded companies and are mandated by the SEC.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• The exercise of options and subsequent sale of shares to cover taxes is a common practice among executives.
• The specific details of option grants and vesting schedules vary widely across companies and industries.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares.
• The transaction reflects part of the executive's compensation package.

Key Dates