STOCK TITAN

[Form 4/A] Enterprise Bancorp Inc. Amended Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4/A
Rhea-AI Filing Summary

Enterprise Bancorp Inc. (EBTC) – Form 4/A overview

Director Gino J. Baroni reported the acquisition of 684 common shares on 01/21/2025 at an implied price of $29.24 per share. The shares were issued under the 2016 Stock Incentive Plan in lieu of cash compensation.

After the award, Baroni’s direct ownership increases to 19,660.8407 shares, while indirect holdings remain 40 shares held through an UTMA account. The amendment also incorporates 121.7364 shares from the 09/03/2024 dividend reinvestment and 103.2662 shares from the 12/02/2024 dividend reinvestment that were mistakenly omitted from the prior Form 4 filed on 01/23/2025.

No shares were sold and there were no derivative security transactions. The filing primarily updates ownership records and signals continued alignment between the director and other shareholders, though the acquisition is compensatory rather than an open-market purchase and therefore has limited market impact.

Enterprise Bancorp Inc. (EBTC) – Panoramica del Modulo 4/A

Il direttore Gino J. Baroni ha segnalato l'acquisizione di 684 azioni ordinarie il 21/01/2025 a un prezzo implicito di 29,24 $ per azione. Le azioni sono state emesse nell'ambito del Piano di Incentivazione Azionaria 2016 in sostituzione della compensazione in denaro.

Dopo l'assegnazione, la proprietà diretta di Baroni aumenta a 19.660,8407 azioni, mentre le partecipazioni indirette restano 40 azioni detenute tramite un conto UTMA. La modifica include inoltre 121,7364 azioni derivanti dal reinvestimento del dividendo del 03/09/2024 e 103,2662 azioni dal reinvestimento del dividendo del 02/12/2024, erroneamente escluse dal precedente Modulo 4 presentato il 23/01/2025.

Non sono state vendute azioni né effettuate transazioni su strumenti derivati. La comunicazione aggiorna principalmente i registri di proprietà e indica un continuo allineamento tra il direttore e gli altri azionisti, anche se l'acquisizione è a scopo compensativo e non un acquisto sul mercato aperto, pertanto con impatto di mercato limitato.

Enterprise Bancorp Inc. (EBTC) – Resumen del Formulario 4/A

El director Gino J. Baroni informó la adquisición de 684 acciones ordinarias el 21/01/2025 a un precio implícito de 29,24 $ por acción. Las acciones fueron emitidas bajo el Plan de Incentivos de Acciones de 2016 en lugar de una compensación en efectivo.

Tras la adjudicación, la propiedad directa de Baroni aumenta a 19.660,8407 acciones, mientras que las participaciones indirectas permanecen en 40 acciones mantenidas a través de una cuenta UTMA. La enmienda también incluye 121,7364 acciones del reinversión de dividendos del 03/09/2024 y 103,2662 acciones del reinversión de dividendos del 02/12/2024 que fueron omitidas por error en el Formulario 4 previo presentado el 23/01/2025.

No se vendieron acciones ni hubo transacciones con valores derivados. La presentación actualiza principalmente los registros de propiedad y señala una continua alineación entre el director y otros accionistas, aunque la adquisición es compensatoria y no una compra en el mercado abierto, por lo que tiene un impacto limitado en el mercado.

Enterprise Bancorp Inc. (EBTC) – Form 4/A 개요

이사 Gino J. Baroni는 2025년 1월 21일에 주당 29.24달러의 암시 가격으로 684주의 보통주를 취득했다고 보고했습니다. 해당 주식은 현금 보상 대신 2016년 주식 인센티브 계획에 따라 발행되었습니다.

수여 후 Baroni의 직접 소유 주식은 19,660.8407주로 증가했으며, 간접 보유는 UTMA 계정을 통해 보유한 40주로 유지됩니다. 이번 수정안에는 2024년 9월 3일 배당 재투자에서 발생한 121.7364주와 2024년 12월 2일 배당 재투자에서 발생한 103.2662주가 이전에 2025년 1월 23일 제출된 Form 4에서 누락된 것을 포함합니다.

주식 매도나 파생상품 거래는 없었습니다. 이번 제출은 주로 소유권 기록을 업데이트하며, 이사와 다른 주주 간의 지속적인 일치를 나타내지만, 이번 취득은 보상 목적으로 이루어진 것이며 공개 시장에서의 매수가 아니므로 시장에 미치는 영향은 제한적입니다.

Enterprise Bancorp Inc. (EBTC) – Aperçu du Formulaire 4/A

Le directeur Gino J. Baroni a déclaré l'acquisition de 684 actions ordinaires le 21/01/2025 à un prix implicite de 29,24 $ par action. Les actions ont été émises dans le cadre du Plan d'Incitation en Actions de 2016 en remplacement d'une compensation en espèces.

Après l'attribution, la propriété directe de Baroni augmente à 19 660,8407 actions, tandis que les participations indirectes restent à 40 actions détenues via un compte UTMA. L'amendement intègre également 121,7364 actions issues du réinvestissement des dividendes du 03/09/2024 et 103,2662 actions du réinvestissement des dividendes du 02/12/2024, qui avaient été omises par erreur dans le précédent Formulaire 4 déposé le 23/01/2025.

Aucune action n'a été vendue et aucune transaction sur titres dérivés n'a eu lieu. Le dépôt met principalement à jour les registres de propriété et témoigne d'une continuité d'alignement entre le directeur et les autres actionnaires, bien que l'acquisition soit compensatoire et non un achat sur le marché libre, ce qui limite son impact sur le marché.

Enterprise Bancorp Inc. (EBTC) – Übersicht Form 4/A

Direktor Gino J. Baroni meldete den Erwerb von 684 Stammaktien am 21.01.2025 zu einem impliziten Preis von 29,24 $ pro Aktie. Die Aktien wurden im Rahmen des Aktienanreizplans 2016 anstelle einer Barvergütung ausgegeben.

Nach der Zuteilung erhöht sich Baronis Direktbesitz auf 19.660,8407 Aktien, während die indirekten Beteiligungen bei 40 Aktien bleiben, die über ein UTMA-Konto gehalten werden. Die Änderung umfasst außerdem 121,7364 Aktien aus der Dividenden-Reinvestition vom 03.09.2024 und 103,2662 Aktien aus der Dividenden-Reinvestition vom 02.12.2024, die im vorherigen am 23.01.2025 eingereichten Form 4 irrtümlich ausgelassen wurden.

Es wurden keine Aktien verkauft und keine Derivatgeschäfte getätigt. Die Meldung aktualisiert hauptsächlich die Eigentumsaufzeichnungen und signalisiert eine weiterhin bestehende Übereinstimmung zwischen dem Direktor und den anderen Aktionären, wobei der Erwerb jedoch eine Vergütung darstellt und kein Kauf am offenen Markt, weshalb die Marktauswirkung begrenzt ist.

Positive
  • Director increased direct holdings by 684 shares, bringing total direct ownership to 19,660.8407 shares and reinforcing alignment with shareholders.
  • Form 4/A corrects earlier reporting omission, enhancing transparency and compliance with SEC disclosure requirements.
Negative
  • None.

Insights

TL;DR: Small compensatory share award; negligible financial impact, mildly positive governance signal.

The 684-share issuance (~$20k) marginally lifts insider ownership but does not materially affect Enterprise Bancorp’s capital structure or valuation. Importantly, no sales occurred, and the amendment rectifies an earlier reporting error, underscoring transparency. Because the shares were awarded, not bought on the open market, the signalling value is weaker, so I view the net effect on investor sentiment as neutral to modestly positive.

TL;DR: Amendment improves disclosure accuracy; neutral financial impact.

Correcting the prior omission demonstrates adherence to Section 16 reporting standards and reduces potential governance risk. While the added ownership aligns director and shareholder interests, the transaction’s scale is too small to influence control dynamics. Overall, the filing reflects good compliance practice without altering the strategic outlook.

Enterprise Bancorp Inc. (EBTC) – Panoramica del Modulo 4/A

Il direttore Gino J. Baroni ha segnalato l'acquisizione di 684 azioni ordinarie il 21/01/2025 a un prezzo implicito di 29,24 $ per azione. Le azioni sono state emesse nell'ambito del Piano di Incentivazione Azionaria 2016 in sostituzione della compensazione in denaro.

Dopo l'assegnazione, la proprietà diretta di Baroni aumenta a 19.660,8407 azioni, mentre le partecipazioni indirette restano 40 azioni detenute tramite un conto UTMA. La modifica include inoltre 121,7364 azioni derivanti dal reinvestimento del dividendo del 03/09/2024 e 103,2662 azioni dal reinvestimento del dividendo del 02/12/2024, erroneamente escluse dal precedente Modulo 4 presentato il 23/01/2025.

Non sono state vendute azioni né effettuate transazioni su strumenti derivati. La comunicazione aggiorna principalmente i registri di proprietà e indica un continuo allineamento tra il direttore e gli altri azionisti, anche se l'acquisizione è a scopo compensativo e non un acquisto sul mercato aperto, pertanto con impatto di mercato limitato.

Enterprise Bancorp Inc. (EBTC) – Resumen del Formulario 4/A

El director Gino J. Baroni informó la adquisición de 684 acciones ordinarias el 21/01/2025 a un precio implícito de 29,24 $ por acción. Las acciones fueron emitidas bajo el Plan de Incentivos de Acciones de 2016 en lugar de una compensación en efectivo.

Tras la adjudicación, la propiedad directa de Baroni aumenta a 19.660,8407 acciones, mientras que las participaciones indirectas permanecen en 40 acciones mantenidas a través de una cuenta UTMA. La enmienda también incluye 121,7364 acciones del reinversión de dividendos del 03/09/2024 y 103,2662 acciones del reinversión de dividendos del 02/12/2024 que fueron omitidas por error en el Formulario 4 previo presentado el 23/01/2025.

No se vendieron acciones ni hubo transacciones con valores derivados. La presentación actualiza principalmente los registros de propiedad y señala una continua alineación entre el director y otros accionistas, aunque la adquisición es compensatoria y no una compra en el mercado abierto, por lo que tiene un impacto limitado en el mercado.

Enterprise Bancorp Inc. (EBTC) – Form 4/A 개요

이사 Gino J. Baroni는 2025년 1월 21일에 주당 29.24달러의 암시 가격으로 684주의 보통주를 취득했다고 보고했습니다. 해당 주식은 현금 보상 대신 2016년 주식 인센티브 계획에 따라 발행되었습니다.

수여 후 Baroni의 직접 소유 주식은 19,660.8407주로 증가했으며, 간접 보유는 UTMA 계정을 통해 보유한 40주로 유지됩니다. 이번 수정안에는 2024년 9월 3일 배당 재투자에서 발생한 121.7364주와 2024년 12월 2일 배당 재투자에서 발생한 103.2662주가 이전에 2025년 1월 23일 제출된 Form 4에서 누락된 것을 포함합니다.

주식 매도나 파생상품 거래는 없었습니다. 이번 제출은 주로 소유권 기록을 업데이트하며, 이사와 다른 주주 간의 지속적인 일치를 나타내지만, 이번 취득은 보상 목적으로 이루어진 것이며 공개 시장에서의 매수가 아니므로 시장에 미치는 영향은 제한적입니다.

Enterprise Bancorp Inc. (EBTC) – Aperçu du Formulaire 4/A

Le directeur Gino J. Baroni a déclaré l'acquisition de 684 actions ordinaires le 21/01/2025 à un prix implicite de 29,24 $ par action. Les actions ont été émises dans le cadre du Plan d'Incitation en Actions de 2016 en remplacement d'une compensation en espèces.

Après l'attribution, la propriété directe de Baroni augmente à 19 660,8407 actions, tandis que les participations indirectes restent à 40 actions détenues via un compte UTMA. L'amendement intègre également 121,7364 actions issues du réinvestissement des dividendes du 03/09/2024 et 103,2662 actions du réinvestissement des dividendes du 02/12/2024, qui avaient été omises par erreur dans le précédent Formulaire 4 déposé le 23/01/2025.

Aucune action n'a été vendue et aucune transaction sur titres dérivés n'a eu lieu. Le dépôt met principalement à jour les registres de propriété et témoigne d'une continuité d'alignement entre le directeur et les autres actionnaires, bien que l'acquisition soit compensatoire et non un achat sur le marché libre, ce qui limite son impact sur le marché.

Enterprise Bancorp Inc. (EBTC) – Übersicht Form 4/A

Direktor Gino J. Baroni meldete den Erwerb von 684 Stammaktien am 21.01.2025 zu einem impliziten Preis von 29,24 $ pro Aktie. Die Aktien wurden im Rahmen des Aktienanreizplans 2016 anstelle einer Barvergütung ausgegeben.

Nach der Zuteilung erhöht sich Baronis Direktbesitz auf 19.660,8407 Aktien, während die indirekten Beteiligungen bei 40 Aktien bleiben, die über ein UTMA-Konto gehalten werden. Die Änderung umfasst außerdem 121,7364 Aktien aus der Dividenden-Reinvestition vom 03.09.2024 und 103,2662 Aktien aus der Dividenden-Reinvestition vom 02.12.2024, die im vorherigen am 23.01.2025 eingereichten Form 4 irrtümlich ausgelassen wurden.

Es wurden keine Aktien verkauft und keine Derivatgeschäfte getätigt. Die Meldung aktualisiert hauptsächlich die Eigentumsaufzeichnungen und signalisiert eine weiterhin bestehende Übereinstimmung zwischen dem Direktor und den anderen Aktionären, wobei der Erwerb jedoch eine Vergütung darstellt und kein Kauf am offenen Markt, weshalb die Marktauswirkung begrenzt ist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BARONI GINO J

(Last) (First) (Middle)
C/O ENTERPRISE BANCORP, INC.
222 MERRIMACK STREET

(Street)
LOWELL MA 01852

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ENTERPRISE BANCORP INC /MA/ [ EBTC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
01/23/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/21/2025 A 684(1) A $29.24 19,660.8407(2)(3)(4) D
Common Stock 40 I through UTMA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares were issued in pursuant to the Enterprise Bancorp, Inc. 2016 Stock Incentive Plan in lieu of director cash compensation.
2. Includes 121.7364 shares acquired through dividend reinvestment on 9/3/24.
3. Includes 103.2662 shares acquired through dividend reinvestment on 12/2/24.
4. On January 23, 2025, the reporting person filed a Form 4 that inadvertently omitted shares acquired as a result of dividend reinvestment since the last reported transaction.
/s/ Joseph R. Lussier as attorney-in-fact for Gino J. Baroni 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many EBTC shares did Director Gino J. Baroni acquire on 01/21/2025?

He acquired 684 common shares under the 2016 Stock Incentive Plan.

What is Gino J. Baroni’s total direct EBTC ownership after the filing?

His direct stake stands at 19,660.8407 shares.

Why was the Enterprise Bancorp Form 4 amended?

To add 225.0026 dividend-reinvestment shares that were inadvertently omitted from the 01/23/2025 filing.

Were any EBTC shares sold in this Form 4/A?

No, no sales were reported; only share acquisitions were disclosed.

Does the filing show any derivative security transactions?

No, the derivative securities table is blank, indicating none occurred.

What price per share was reported for the stock award?

The shares were valued at $29.24 each.
Enterprise Bancorp Inc Mass

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