Form 4: Enterprise Bancorp EVP Susan Covey Reports Sale of Fractional Shares
SEC Form 4 Filing
Susan Covey, EVP of Enterprise Bancorp, reports the sale of fractional shares of common stock related to a transfer of shares to a brokerage account.
Summary
- Susan Covey, an EVP at Enterprise Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the sale of fractional shares of common stock on February 20, 2025, and February 26, 2025, at prices of $43.07 and $42.44 respectively.
- Additionally, 71 shares were disposed of on March 16, 2025, at $39.53.
- These transactions are attributed to the transfer of shares to a brokerage account and the subsequent sale of fractional shares by the transfer agent.
- Following these transactions, Covey beneficially owns 12,909.0859 shares of Enterprise Bancorp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing the sale of fractional shares, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of fractional shares is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Sale of common stock at $43.07 per share. |
| 02/26/2025 | Sale of common stock at $42.44 per share. |
| 03/16/2025 | Disposal of 71 shares of common stock at $39.53 per share. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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