Form 4: Enterprise Bancorp Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
An Enterprise Bancorp executive, Chester J. Szablak Jr., exercised stock options and disposed of shares on January 28, 2025, resulting in a net change in his holdings.
Summary
- Chester J. Szablak Jr., an EVP at Enterprise Bancorp, executed several transactions involving the company's common stock on January 28, 2025.
- He exercised options to acquire 530 shares at a price of $21.03 per share.
- He disposed of 168 shares at $42.53 per share and 356 shares at $42.49 per share to cover tax obligations.
- Following these transactions, Mr. Szablak's direct holdings of Enterprise Bancorp common stock totaled 39,109.4078 shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to executive stock option exercises and share disposals, which is common in publicly traded companies.
Comparison to Industry Standards
- Executive stock option exercises and subsequent share disposals are standard practice across publicly traded companies.
- The prices at which the shares were disposed of are consistent with the market price of the stock at the time of the transaction.
- The number of shares involved is not unusual for an executive at this level.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not significantly alter the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 03/17/2019 | Date the options became exercisable. |
| 06/04/2024 | Date of dividend reinvestment acquiring 3.8203 shares. |
| 09/04/2024 | Date of dividend reinvestment acquiring 3.1502 shares. |
| 12/04/2024 | Date of dividend reinvestment acquiring 2.6354 shares. |
| 01/28/2025 | Date of stock option exercise and share disposals. |
| 01/30/2025 | Date the Form 4 was signed. |
| 03/16/2025 | Expiration date of the options. |
Keywords
stock options, insider trading, Form 4, executive compensation, share disposal, Enterprise Bancorp, EBTC
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