Enterprise Financial (EFSC) officer files Form 3 showing options and RSUs
Rhea-AI Filing Summary
Kevin L. Handley, Chief Credit Officer and officer of Enterprise Financial Services Corp (EFSC), reported initial beneficial ownership on a Form 3. He directly holds 5,462 shares of common stock and multiple stock‑based awards: five non‑qualified options covering 8,893 shares in total and four restricted share unit grants representing 1,815 shares. Several options and RSUs vest in Q1 2026–Q1 2028 or on 04/14/2026, subject to continued employment.
Positive
- Direct ownership of 5,462 shares indicates personal equity stake
- Time‑vested options covering 8,893 shares align officer incentives with shareholder value over multiple years
- RSUs totaling 1,815 shares provide retention through Q1 2026–Q1 2028
Negative
- None.
Insights
TL;DR: Officer reports modest direct holdings plus time‑vested options and RSUs, aligning compensation with tenure.
The reported package combines 5,462 directly owned shares with non‑qualified stock options totaling 8,893 underlying shares and RSUs for 1,815 shares. Exercise prices range from $39.50 to $57.17, and vesting is spread across Q1 2026–Q1 2028 (one RSU vests 04/14/2026), which creates multi‑year retention incentives tied to continued employment.
This is routine for senior officers and is actionable for governance monitoring: watch actual exercises or RSU deliveries as they vest and any future filings that change direct ownership or disclose sales within the next 12–36 months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This option becomes exercisable in the first quarter of 2026, subject to continued employment by the reporting person. This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person. The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person. The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person. 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. The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person. The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person. The RSU vest 100% April 14, 2026, subject to continued employment by the reporting person.
