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

Corporate Governance Analyst

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Handley Kevin L

(Last) (First) (Middle)

150 N MERAMEC

(Street)

ST LOUIS MO 63105

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2025

3. Issuer Name and Ticker or Trading Symbol
ENTERPRISE FINANCIAL SERVICES CORP [ EFSC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,462	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non Qualified Stock Option (Right to Buy)	02/06/2024	02/25/2031	Common Stock	1,612	$43.81	D
Non Qualified Stock Option (Right to Buy)	02/03/2025	02/24/2032	Common Stock	1,230	$48.34	D
Non Qualified Stock Option (Right to Buy)	(1)	02/28/2033	Common Stock	1,684	$54.46	D
Non Qualified Stock Option (Right to Buy)	(2)	02/28/2034	Common Stock	2,576	$39.5	D
Non Qualified Stock Option (Right to Buy)	(3)	03/04/2035	Common Stock	1,791	$57.17	D
Restricted Share Units	(4)	(4)	Common Stock	344	(5)	D
Restricted Share Units	(6)	(6)	Common Stock	492	(5)	D
Restricted Share Units	(7)	(7)	Common Stock	599	(5)	D
Restricted Share Units	(8)	(8)	Common Stock	380	(5)	D

Explanation of Responses:

1. This option becomes exercisable in the first quarter of 2026, subject to continued employment by the reporting person.

2. This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.

3. The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.

4. The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.

5. 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.

6. The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.

7. The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.

8. The RSU vest 100% April 14, 2026, subject to continued employment by the reporting person.

	/s/ Kevin L Handley	10/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Kevin L. Handley report on the Form 3 for EFSC?

He reported 5,462 directly owned common shares, non‑qualified options for 8,893 underlying shares with exercise prices from $39.50 to $57.17, and RSUs for 1,815 shares.

When do the reported options and RSUs vest for EFSC officer Kevin Handley?

Several awards vest in Q1 2026, others in Q1 2027 and Q1 2028; one RSU vests on 04/14/2026, all subject to continued employment.

Are the reported stock options exercisable immediately?

Some options are already exercisable (dates in 2024 and 2025), while others become exercisable in future vesting periods noted as Q1 2026–Q1 2028.

Do the RSUs convert to shares under EFSC's plan?

Yes; each RSU represents the right to receive one share of common stock under the Company's 2018 Stock Incentive Plan, subject to adjustment per the grant agreement.

What is the relationship of the reporting person to EFSC?

Kevin L. Handley is an officer of EFSC, holding the title Chief Credit Officer, and filed this Form 3 as an individual reporting person.