Form 4: Enterprise Bancorp EVP Susan Covey Exercises Options and Disposes of Shares
SEC Form 4 Filing
Susan Covey, EVP of Enterprise Bancorp, exercised options to acquire 807 shares of common stock at $21.03 and disposed of 522 shares to cover tax obligations.
Summary
- On February 5, 2025, Susan Covey, EVP of Enterprise Bancorp, exercised options to acquire 807 shares of common stock at a price of $21.03 per share.
- Following the exercise of the options, Covey disposed of 522 shares at $43.05 to satisfy tax obligations.
- After these transactions, Covey beneficially owns 12,981.2552 shares of Enterprise Bancorp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine transactions related to stock options and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the EVP's transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2019 | Option grant date |
| 02/05/2025 | Date of earliest transaction: option exercise and share disposal |
| 03/16/2025 | Option Expiration Date |
| 02/06/2025 | Signature date of the Form 4 |
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