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

Role
EVP, Chief Accounting Officer
Signature
/s/ Troy Dumlao
Stock symbol
EFSC
Transactions as of
May 31, 2023
Transactions value $
$16,574
Form type
4
Date filed
6/7/2023, 03:08 PM
Previous filing
Apr 18, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFSC Common Stock Other $16.6K +480 +10.54% $34.53 5.03K May 31, 2023 Direct F1, F2
holding EFSC Depository Shares 400 May 31, 2023 Direct F3

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) 1.06K May 31, 2023 Common Stock 1.06K $43.81 Direct F4
holding EFSC Non Qualified Stock Option (Right to Buy) 1.27K May 31, 2023 Common Stock 1.27K $48.34 Direct F5
holding EFSC Non Qualified Stock Option (Right to Buy) 1.77K May 31, 2023 Common Stock 1.77K $54.46 Direct F6
holding EFSC Restricted Share Units 329 May 31, 2023 Common Stock 329 Direct F7, F8
holding EFSC Restricted Share Units 488 May 31, 2023 Common Stock 488 Direct F7, F9
holding EFSC Restricted Share Units 361 May 31, 2023 Common Stock 361 Direct F7, F10
holding EFSC Restricted Share Units 1.14K May 31, 2023 Common Stock 1.14K Direct F7, F11
* 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 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.
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 25, 2024
F5 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.
F6 The option becomes exercisable after a three year period on 2/28/26.
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 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.
F9 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.
F10 The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
F11 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.