Bridget Huffman - May 31, 2023 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Role
SEVP, Chief Risk Officer
Signature
/s/ Bridget Huffman
Stock symbol
EFSC
Transactions as of
May 31, 2023
Transactions value $
$5,249
Form type
4
Date filed
6/7/2023, 03:07 PM
Previous filing
May 12, 2023
Next filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFSC Common Stock Other $5.25K +152 +3.63% $34.53 4.35K May 31, 2023 Direct F1, F2

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) 816 May 31, 2023 Common Stock 816 $43.81 Direct F3
holding EFSC Non Qualified Stock Option (Right to Buy) 737 May 31, 2023 Common Stock 737 $48.34 Direct F4
holding EFSC Non Qualified Stock Option (Right to Buy) 1.67K May 31, 2023 Common Stock 1.67K $54.46 Direct F5
holding EFSC Restricted Share Units 254 May 31, 2023 Common Stock 254 Direct F6, F7
holding EFSC Restricted Share Units 426 May 31, 2023 Common Stock 426 Direct F6, F8
holding EFSC Restricted Share Units 341 May 31, 2023 Common Stock 341 Direct F6, F9
holding EFSC Restricted Share Units 1.14K May 31, 2023 Common Stock 1.14K Direct F6, F10
* 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 The Options vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 25, 2024
F4 The Options vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 24, 2025.
F5 The option becomes exercisable after a three year period on 2/28/26.
F6 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.
F7 The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 25, 2024. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.
F8 The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 24, 2025. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.
F9 The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
F10 The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on April 14, 2026. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.