James Brian Lally - May 31, 2023 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Role
CEO, Director
Signature
/s/James Brian Lally
Stock symbol
EFSC
Transactions as of
May 31, 2023
Transactions value $
$16,574
Form type
4
Date filed
6/7/2023, 03:05 PM
Previous filing
Mar 2, 2023
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFSC Common Stock Other $16.6K +480 +0.66% $34.53 73.2K May 31, 2023 Direct F1, F2
holding EFSC Common Stock 17.2K May 31, 2023 401 (K) Plan F3
holding EFSC Common Stock 4.11K May 31, 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
holding EFSC Non Qualified Stock Option (Right to Buy) 17.6K May 31, 2023 Common Stock 17.6K $43.81 Direct F5
holding EFSC Non Qualified Stock Option (Right to Buy) 20.3K May 31, 2023 Common Stock 20.3K $48.34 Direct F6
holding EFSC Non Qualified Stock Option (Right to Buy) 20.4K May 31, 2023 Common Stock 20.4K $54.46 Direct F7
holding EFSC Restricted Share Units 3.35K May 31, 2023 Common Stock 3.35K Direct F8, F9
holding EFSC Restricted Share Units 3.59K May 31, 2023 Common Stock 3.59K Direct F8, F10
holding EFSC Restricted Share Units 4.18K May 31, 2023 Common Stock 4.18K Direct F8, F11
holding EFSC Restricted Share Units 23.9K May 31, 2023 Common Stock 23.9K Direct F8, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of December 1, 2022 through May 31, 2023. This transaction is exempt under Section 16b-3(c).
F2 In accordance with the terms of the ESPP, the reported shares were acquired based on 85% of the closing price of the Issuer's common stock on May 31, 2023.
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 35,183 units in the 401(k) Plan, which units consisted of 17,203 shares of common stock.
F4 These shares are held jointly with spouse.
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 option becomes exercisable after a three year period on 2/28/26.
F8 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.
F9 The RSU's vest 100% in the first quarter of 2024, subject to continued employment by the reporting person.
F10 The RSU's vest 100% in the first quarter of 2025, subject to continued employment by the reporting person.
F11 The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
F12 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.