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

Role
SEVP, Chief Credit Officer
Signature
/s/ Douglas Bauche
Stock symbol
EFSC
Transactions as of
May 31, 2023
Transactions value $
$18,128
Form type
4
Date filed
6/7/2023, 03:10 PM
Previous filing
Mar 2, 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 $18.1K +525 +4.26% $34.53 12.8K May 31, 2023 Direct F2, F3
holding EFSC Common Stock 2.69K May 31, 2023 401(K) Plan F1

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) 4.73K May 31, 2023 Common Stock 4.73K $43.81 Direct F4
holding EFSC Non Qualified Stock Option (Right to Buy) 5.08K May 31, 2023 Common Stock 5.08K $48.34 Direct F5
holding EFSC Non Qualified Stock Option (Right to Buy) 5.11K May 31, 2023 Common Stock 5.11K $54.46 Direct F6
holding EFSC Restricted Share Units 897 May 31, 2023 Common Stock 897 Direct F7, F8
holding EFSC Restricted Share Units 898 May 31, 2023 Common Stock 898 Direct F7, F9
holding EFSC Restricted Share Units 1.04K May 31, 2023 Common Stock 1.04K Direct F7, F10
holding EFSC Restricted Share Units 9.98K May 31, 2023 Common Stock 9.98K Direct F7, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 5,508 units in the 401(k) Plan, which units consisted of 2,693 shares of common stock.
F2 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).
F3 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.
F4 This option becomes exercisable after a three year period on 2/25/24.
F5 This option becomes exercisable after a three year period on 2/24/25.
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 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 RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
F11 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.