EFSC (EFSC) CEO Lally receives 6,344 RSUs and updates stock, option holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Financial Services Corp CEO James Brian Lally reported an equity compensation grant rather than an open-market trade. On the reported date, he acquired 6,344 Restricted Share Units as a grant or award, at a stated price of $0.00 per unit, bringing his total reported RSU holdings of that grant to 6,344.
Footnotes explain that these RSUs were granted under the company’s 2018 Stock Incentive Plan and that each RSU represents the right to receive one share of common stock, with vesting conditioned on his continued employment. The filing also updates his direct and indirect holdings of common stock and non-qualified stock options, without identifying any separate buy or sell transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
LALLY JAMES BRIAN
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 6,344 | $0.00 | -- |
| 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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 6,344 shares (Direct);
Non Qualified Stock Option (Right to Buy) — 17,637 shares (Direct);
Common Stock — 115,696 shares (Direct);
Common Stock — 19,570 shares (Indirect, 401 (K) Plan)
Footnotes (1)
- 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. These shares are held jointly with spouse. 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. The RSU's vest 100% in the first quarter of 2029, subject to continued employment by the reporting person.
FAQ
What did EFSC CEO James Brian Lally report in this Form 4 filing?
He reported receiving a grant of 6,344 Restricted Share Units as equity compensation. The RSUs were awarded at a stated price of $0.00 and are tied to Enterprise Financial Services Corp’s common stock, with vesting dependent on his continued employment.
What are the terms of the RSUs granted to EFSC CEO James Brian Lally?
The RSUs were granted under Enterprise Financial Services Corp’s 2018 Stock Incentive Plan. Each RSU represents the right to receive one share of common stock, and footnotes state that vesting is conditioned on Mr. Lally’s continued employment with the company over specified future periods.
What stock options does the EFSC CEO report, and when do they become exercisable?
The filing lists several non-qualified stock option positions with different post-transaction share balances. Footnotes state that certain options become exercisable in the first quarters of 2027 and 2028, contingent on Mr. Lally’s continued employment with Enterprise Financial Services Corp.