S. Turner Keene - 30 Jan 2023 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Role
EVP, Chief Financial Officer
Signature
/s/ Keene S. Turner
Issuer symbol
EFSC
Transactions as of
30 Jan 2023
Net transactions value
-$142,557
Form type
4
Filing time
01 Feb 2023, 16:37:51 UTC
Previous filing
13 Jan 2023
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFSC Common Stock Options Exercise $0 +940 +2.7% $0.000000 35,370 30 Jan 2023 Direct
transaction EFSC Common Stock Tax liability $21,816 -421 -1.2% $51.82 34,949 30 Jan 2023 Direct F1
transaction EFSC Common Stock Award $0 +4,944 +14% $0.000000 39,893 30 Jan 2023 Direct F2
transaction EFSC Common Stock Tax liability $120,741 -2,330 -5.8% $51.82 37,563 30 Jan 2023 Direct F1
holding EFSC Common Stock 1,534 30 Jan 2023 401(k) Plan F3
holding EFSC Depository Shares 2,000 30 Jan 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EFSC Restricted Share Units Options Exercise $0 -940 -100% $0.000000* 0 30 Jan 2023 Common Stock 940 Direct F7, F11
holding EFSC Non Qualified Stock Option (Right to Buy) 9,042 30 Jan 2023 Common Stock 9,042 $43.81 Direct F5
holding EFSC Non Qualified Stock Option (Right to Buy) 9,934 30 Jan 2023 Common Stock 9,934 $48.34 Direct F6
holding EFSC Restricted Share Units 1,715 30 Jan 2023 Common Stock 1,715 Direct F7, F8
holding EFSC Restricted Share Units 1,756 30 Jan 2023 Common Stock 1,756 Direct F7, F9
holding EFSC Restricted Share Units 14,967 30 Jan 2023 Common Stock 14,967 Direct F7, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
F2 The shares of common stock were awarded pursuant to the Company's 2018 Stock Incentive Plan.
F3 These securities are represented by units held in a unitized stock fund through the Company's 401(k) Plan. The unitized stock fund consists of cash and common stock in amounts that vary from time to time. The Reporting Person has 3,136 units in the 401(k) Plan, which units consisted of 1,534 shares of common stock.
F4 1. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Depositary Shares were purchased in an underwritten public offering.
F5 This option becomes exercisable after a three year period on 2/25/24.
F6 This option becomes exercisable after a three year period on 2/24/25.
F7 The RSU's were granted pursuant to the Company's 2018 Stock Incentive Plan. Each RSU represents the right to receive one share of Common Stock, subject to adjustment as provided in the Grant Agreement.
F8 The RSU's vest 100% in the first quarter of 2024, subject to continued employment by the reporting person.
F9 The RSU's vest 100% in the first quarter of 2025, subject to continued employment by the reporting person.
F10 The RSUs vest over six years in one-third installments on each of February 24, 2024, February 24, 2026, and February 24, 2028. Vesting is subject to continued employment of the reporting person. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.
F11 The RSU's vest 100% in the first quarter of 2023, subject to continued employment by the reporting person.