S. Turner Keene - 24 Feb 2024 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Signature
/s/ Keene S. Turner
Issuer symbol
EFSC
Transactions as of
24 Feb 2024
Net transactions value
-$89,948
Form type
4
Filing time
27 Feb 2024, 13:27:50 UTC
Previous filing
08 Feb 2024
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFSC Common Stock Options Exercise $0 +4,989 +11% $0.000000 50,337 24 Feb 2024 Direct
transaction EFSC Common Stock Tax liability $89,948 -2,203 -4.4% $40.83 48,134 24 Feb 2024 Direct F2
holding EFSC Common Stock 1,566 24 Feb 2024 401(k) Plan F1
holding EFSC Depository Shares 2,000 24 Feb 2024 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
transaction EFSC Restricted Share Units Options Exercise $0 -4,989 -33% $0.000000 9,978 24 Feb 2024 Common Stock 4,989 Direct F4, F5
holding EFSC Non Qualified Stock Option (Right to Buy) 9,042 24 Feb 2024 Common Stock 9,042 $43.81 Direct F6
holding EFSC Non Qualified Stock Option (Right to Buy) 9,934 24 Feb 2024 Common Stock 9,934 $48.34 Direct F7
holding EFSC Non Qualified Stock Option (Right to Buy) 9,610 24 Feb 2024 Common Stock 9,610 $54.46 Direct F8
holding EFSC Restricted Share Units 1,756 24 Feb 2024 Common Stock 1,756 Direct F4, F9
holding EFSC Restricted Share Units 1,964 24 Feb 2024 Common Stock 1,964 Direct F4, F10
* 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.
F2 Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
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 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.
F5 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.
F6 This option becomes exercisable in the first quarter of 2024, subject to continued employment by the reporting person.
F7 This option becomes exercisable in the first quarter of 2025, subject to continued employment by the reporting person.
F8 This option becomes exercisable in the first quarter of 2026, 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.