Enterprise Financial Services (EFSC) officer exercises RSUs, covers tax in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Financial Services Corp EVP and Chief Accounting Officer Troy Dumlao exercised 380 Restricted Share Units into the same number of shares of common stock. To cover taxes, 168 shares of common stock were withheld at $58.30 per share, leaving him with 8,473 directly owned common shares. He also continues to hold several non-qualified stock option grants with exercise prices between the low $40s and high $50s per share and multiple unvested RSU awards scheduled to vest between the first quarters of 2027 and 2029, along with 400 Depositary Shares representing interests in 5.00% Series A preferred stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
380 shares exercised/converted
Mixed
12 txns
Insider
DUMLAO TROY
Role
EVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 380 | $0.00 | -- |
| Exercise | Common Stock | 380 | $0.00 | -- |
| Tax Withholding | Common Stock | 168 | $58.30 | $10K |
| 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 | Depository Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct);
Common Stock — 8,641 shares (Direct);
Non Qualified Stock Option (Right to Buy) — 1,058 shares (Direct);
Depository Shares — 400 shares (Direct)
Footnotes (1)
- Withholding of stock to satisfy tax withholding obligation on issuance of common stock. 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. 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'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's vest 100% in the first quarter of 2029, subject to continued employment by the reporting person. 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.
Key Figures
RSUs exercised: 380 units
Shares withheld for taxes: 168 shares at $58.30
Common shares after transaction: 8,473 shares
+5 more
8 metrics
RSUs exercised
380 units
Restricted Share Units converted into 380 common shares on 2026-04-14
Shares withheld for taxes
168 shares at $58.30
Common stock withheld to satisfy tax obligation on 2026-04-14
Common shares after transaction
8,473 shares
Directly owned Enterprise Financial Services Corp common stock after 2026-04-14
Option exercise price
$43.81 per share
Non-qualified stock option expiring 2031-02-25 with 1,058 underlying shares
Option exercise price
$39.50 per share
Non-qualified stock option expiring 2034-02-28 with 2,722 underlying shares
Option exercise price
$57.17 per share
Non-qualified stock option expiring 2035-03-04 with 1,919 underlying shares
Unvested RSUs
520 units
Restricted Share Units with exercise price $0.00 and no expiration date
Depositary Shares held
400 shares
Each represents 1/40th interest in 5.00% Series A preferred stock
Key Terms
Restricted Share Units, Non Qualified Stock Option (Right to Buy), Depositary Shares, 5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, +2 more
6 terms
Non Qualified Stock Option (Right to Buy) financial
"Non Qualified Stock Option (Right to Buy) with specific exercise prices and expirations."
5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock financial
"Represents the underlying security for the Depositary Shares purchased in an underwritten public offering."
2018 Stock Incentive Plan financial
"The RSU's were granted pursuant to the Company's 2018 Stock Incentive Plan."
tax withholding obligation financial
"Withholding of stock to satisfy tax withholding obligation on issuance of common stock."
FAQ
What insider transaction did EFSC executive Troy Dumlao report on this Form 4?
Troy Dumlao reported exercising 380 Restricted Share Units into 380 shares of Enterprise Financial Services Corp common stock. The filing also shows a related share withholding for taxes and updated holdings in options, RSUs, and preferred stock depositary shares.