Covey Susan 4

Accession 0001127602-25-018337

CIK 0001018399other

Filed

Jun 30, 8:00 PM ET

Accepted

Jul 1, 3:32 PM ET

Size

21.9 KB

Accession

0001127602-25-018337

Form 4

Period: 2025-07-01

EVP-Principal Subsidiary

Transactions

Disposition to Issuer
Option (Right to Buy)
2025-07-01−344→ 0 total
Exercise: $34.33Exp: 2028-03-19→ Common Stock (344 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−522→ 0 total
Exercise: $21.86Exp: 2026-03-14→ Common Stock (522 underlying)
Disposition to Issuer
Common Stock
2025-07-01−13,501.086→ 0 total
Tax Payment
Common Stock
2025-07-01$39.64/sh−1,099$43,564→ 13,501.086 total
Disposition to Issuer
Option (Right to Buy)
2025-07-01−345→ 0 total
Exercise: $32.73Exp: 2031-03-15→ Common Stock (345 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−364→ 0 total
Exercise: $30.46Exp: 2027-03-20→ Common Stock (364 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−475→ 0 total
Exercise: $29.84Exp: 2029-03-18→ Common Stock (475 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−391→ 0 total
Exercise: $38.58Exp: 2032-03-14→ Common Stock (391 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−491→ 0 total
Exercise: $28.22Exp: 2030-03-16→ Common Stock (491 underlying)

Footnotes (3)

[F1]In accordance with the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time (as defined in the Merger Agreement) to the extent not previously forfeited, and was considered outstanding shares of Enterprise common entitled to receive the Merger Consideration (as defined in the Merger Agreement).
[F2]Pursuant to the Agreement and Plan of Merger, dated as of December 8, 2024 (the "Merger Agreement"), by and among Enterprise Bancorp, Inc. ("Enterprise"), Enterprise Bank and Trust Company, Independent Bank Corp. ("Independent") and Rockland Trust Company, each issued and outstanding share of Enterprise common stock was converted into the right to receive (i) $2.00 in cash and (ii) 0.60 shares of Independent common stock (subject to the payment of cash in lieu of fractional shares).
[F3]In accordance with the Merger Agreement, each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Enterprise common stock provided for in such option and (ii) the excess, if any, of the Per Share Cash Equivalent Consideration (as defined in the Merger Agreement) over the exercise price per share of Enterprise common stock provided for in such option, which cash payment was made without interest and was net of all applicable withholding taxes.

Documents

1 file

ENTERPRISE BANCORP INC /MA/

CIK 0001018399

Entity typeother