Form 4: Enterprise Bancorp Executive Bullock Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Brian H. Bullock, an executive at Enterprise Bancorp, sold 168 shares of common stock to cover tax obligations.
Summary
- Brian H. Bullock, an EVP at Enterprise Bancorp, sold 168 shares of common stock on January 28, 2025.
- The sale was executed at a price of $42.53 per share.
- This transaction was to cover tax obligations.
- Following the transaction, Bullock directly owns 66,228 shares of Enterprise Bancorp.
- Bullock also indirectly owns 3,016.8065 shares through his wife.
Sentiment
Score: 5
Explanation: The document reflects a neutral event, a routine stock sale by an executive for tax purposes, with no indication of positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to an executive's stock transaction, which is common in the financial industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading activity.
- Similar filings are made by executives at comparable financial institutions such as Eastern Bankshares, Inc. and Brookline Bancorp, Inc. when they buy or sell shares of their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small sale by an executive.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | 17.2372 shares acquired through the Issuer's dividend reinvestment plan. |
| 09/03/2024 | 14.1564 shares acquired through the Issuer's dividend reinvestment plan. |
| 12/02/2024 | 11.6996 shares acquired through the Issuer's dividend reinvestment plan. |
| 01/28/2025 | Sale of 168 shares of common stock by Brian H. Bullock. |
| 01/30/2025 | Date of filing of the SEC Form 4. |
Keywords
Enterprise Bancorp, stock sale, insider trading, executive, tax obligations, EBTC, share transaction
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