EFSC (EFSC) CFO Keene Turner exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENTERPRISE FINANCIAL SERVICES CORP executive Keene S. Turner reported equity award activity and related tax withholding. On February 24, 2026, he acquired 4,989 shares of common stock through the exercise of 4,989 restricted share units at a stated price of $0 per share.
To cover taxes on this issuance, 2,169 common shares were withheld at $57.57 per share, as noted in the filing. After these transactions, Turner directly owned 64,319 shares of common stock, with additional indirect holdings through a 401(k) plan and separate depository shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,989 shares exercised/converted
Mixed
12 txns
Insider
KEENE S TURNER
Role
SEVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 4,989 | $0.00 | -- |
| Exercise | Common Stock | 4,989 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,169 | $57.57 | $125K |
| 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 | Common Stock | -- | -- | -- |
| holding | Depository Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 4,989 shares (Direct);
Common Stock — 66,488 shares (Direct);
Non Qualified Stock Option (Right to Buy) — 9,042 shares (Direct);
Common Stock — 1,683 shares (Indirect, 401(k) Plan);
Depository Shares — 2,000 shares (Direct)
Footnotes (1)
- Withholding of stock to satisfy tax withholding obligation on issuance of common stock. 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. 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 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.
FAQ
What insider transactions did EFSC executive Keene S. Turner report on February 24, 2026?
Keene S. Turner reported exercising 4,989 restricted share units into 4,989 shares of common stock at a stated price of $0. The filing also shows a related tax-withholding disposition of 2,169 common shares at $57.57 per share to satisfy tax obligations on the equity award.
What are the key details of the tax-withholding transaction reported by EFSC’s CFO?
The filing lists a disposition of 2,169 common shares under transaction code F at $57.57 per share. A footnote explains this reflects withholding of stock to satisfy the tax withholding obligation upon issuance of common shares from vested restricted share units granted to the executive.
What types of EFSC equity awards and holdings does Keene S. Turner report owning?
Turner reports common stock, restricted share units and multiple non-qualified stock options with various post-transaction balances. He also holds depository shares, each representing a 1/40th interest in 5.00% Series A preferred stock, and common shares through a unitized stock fund in the company’s 401(k) plan.