LYNCH DAVID 4
4 · ENTERPRISE BANCORP INC /MA/ · Filed Jul 1, 2025
Insider Transaction Report
Form 4
LYNCH DAVID
EVP - Principal Subsidiary
Transactions
- Disposition to Issuer
Common Stock
2025-07-01−6,826→ 0 total - Tax Payment
Common Stock
2025-07-01$39.64/sh−2,299$91,132→ 6,826 total
Footnotes (2)
- [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).