Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Stock option transactions during the year ended December 31, 2024 are summarized as follows:


(Dollars in thousands, except per share data)	Options	Weighted Average Exercise Price Per Share		Weighted Average Remaining Life in Years	Aggregate Intrinsic Value
Outstanding December 31, 2023	162,539	$	28.07	4.2	$	824
Granted	—	—
Exercised	36,094	22.65
Forfeited/Expired	632	35.81
Outstanding December 31, 2024	125,813	$	29.58	3.9	$	1,253

Vested and Exercisable at December 31, 2024	112,802	$	28.89	3.6	$	1,201

Stock option activity during the year ended December 31, 2024 for unvested options are summarized as follows:


Unvested Options	Options	Weighted Average Grant Date Fair Value
Unvested December 31, 2023	36,378	$	11.94
Granted	—	—
Vested	22,735	11.21
Forfeited	632	35.81
Unvested December 31, 2024	13,011	$	13.15

The table below provides a summary of restricted stock awards granted during the years indicated:


Restricted Stock Awards (number of underlying shares)	2024		2023		2022
Two-year vesting	17,122		9,915		8,823
Four-year vesting	78,582		32,719		22,147
Performance-based vesting	26,338		31,270		22,254
Total restricted stock awards	122,042		73,904		53,224

Weighted average grant date fair value	$	24.68	$	32.04	$	38.57

The following table sets forth a summary of the activity for the Company's restricted stock awards:


	Restricted Stock	Weighted Average Grant Price Per Share
Unvested December 31, 2023	130,039	$	33.75
Granted	122,042	24.68
Vested/released	58,542	33.67
Forfeited	16,968	28.21
Unvested December 31, 2024	176,571	$	28.04

ENTERPRISE BANCORP INC /MA/ 10-K