Form 4: Enterprise Bancorp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Susan Covey, an EVP at Enterprise Bancorp, sold 149 shares of common stock to cover tax obligations related to stock awards.
Summary
- Susan Covey, an Executive Vice President at Enterprise Bancorp, sold 149 shares of common stock on January 28, 2025.
- The sale was executed at a price of $42.53 per share.
- This transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
- The shares were sold to cover tax obligations related to stock awards.
- Following the transaction, Ms. Covey still beneficially owns 12,696.2552 shares of Enterprise Bancorp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction by an executive and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance and provide transparency into the trading activities of company insiders. This filing indicates a standard transaction for tax purposes and is not unusual.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States.
- The sale of shares by executives to cover tax obligations is a common occurrence.
- The transaction is consistent with typical insider trading activity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | 99.6406 shares acquired through dividend reinvestment. |
| 09/04/2024 | 0.5651 shares acquired through the Issuer's Employee Stock Purchase Plan. |
| 12/02/2024 | 59.7212 shares acquired through dividend reinvestment. |
| 12/04/2024 | 0.4728 shares acquired through the Issuer's Employee Stock Purchase Plan. |
| 01/28/2025 | Sale of 149 shares of common stock by Susan Covey. |
| 01/30/2025 | Date of Form 4 filing. |
Keywords
Form 4, insider trading, stock sale, executive compensation, Enterprise Bancorp, EBTC, Susan Covey
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