Enterprise Financial (EFSC) legal chief buys 462 ESPP shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Financial Services Corp senior executive vice president and Chief Legal Officer Nicole M. Iannacone reported routine equity activity. She acquired 462 shares of Common Stock at $45.94 per share through the company’s 2018 Employee Stock Purchase Plan for the purchase period from January 1, 2026 through June 30, 2026, a transaction the company notes is exempt under Section 16b-3(c). After this ESPP purchase, she directly holds 23,317 Common shares. She also reports multiple outstanding restricted share unit awards and non-qualified stock options on Common Stock with exercise prices ranging from $39.50 to $57.17 and expirations between 2031 and 2035, indicating a continuing long-term equity-based compensation position.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
IANNACONE NICOLE M
Role
SEVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 462 | $45.94 | $21K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,317 shares (Direct, null);
Non Qualified Stock Option (Right to Buy) — 4,521 shares (Direct, null);
Restricted Share Units — 1,443 shares (Direct, null)
Footnotes (1)
- The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of January 1, 2026, through June 30, 2026. This transaction is exempt under Section 16b-3(c). In accordance with the terms of the ESPP, the reported shares were acquired based on 85% of the closing price of the Issuer's common stock on January 2, 2026. 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 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.
Key Figures
ESPP shares acquired: 462 shares
ESPP purchase price: $45.94 per share
Direct common shares after transaction: 23,317 shares
+5 more
8 metrics
ESPP shares acquired
462 shares
Common Stock purchased for ESPP period Jan 1–Jun 30, 2026
ESPP purchase price
$45.94 per share
Price for 462 EFSC Common shares acquired under 2018 ESPP
Direct common shares after transaction
23,317 shares
Common Stock directly owned following ESPP acquisition
RSU grant 1 underlying shares
3,326 shares
Restricted Share Units on Common Stock, exercise price $0.00
RSU grant 2 underlying shares
1,471 shares
Restricted Share Units on Common Stock, exercise price $0.00
Largest option tranche
7,551 shares at $39.50
Non Qualified Stock Option expiring February 28, 2034
Option tranche at $57.17
3,976 shares at $57.17
Non Qualified Stock Option expiring March 4, 2035
Option tranche at $43.81
4,521 shares at $43.81
Non Qualified Stock Option expiring February 25, 2031
Key Terms
2018 Employee Stock Purchase Plan, Section 16b-3(c), Restricted Share Units, Non Qualified Stock Option (Right to Buy), +1 more
5 terms
2018 Employee Stock Purchase Plan financial
"acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP")"
Section 16b-3(c) regulatory
"This transaction is exempt under Section 16b-3(c)."
Non Qualified Stock Option (Right to Buy) financial
"Non Qualified Stock Option (Right to Buy) ... underlying security title: Common Stock"
2018 Stock Incentive Plan financial
"The RSU's were granted pursuant to the Company's 2018 Stock Incentive Plan."
FAQ
What insider transaction did EFSC officer Nicole Iannacone report on this Form 4?
Nicole M. Iannacone reported acquiring 462 shares of Enterprise Financial Services Corp common stock. The shares were purchased through the company’s 2018 Employee Stock Purchase Plan for the period January 1, 2026 to June 30, 2026.
What equity awards and options does the EFSC officer have outstanding?
The filing lists several restricted share unit grants and non-qualified stock options on EFSC common stock. Option tranches include 7,551 shares at $39.50 and 3,976 shares at $57.17, with expirations between 2031 and 2035, plus multiple RSU awards.
Is the EFSC employee stock purchase transaction subject to Section 16 short-swing profit rules?
The company states the ESPP transaction is exempt under Section 16b-3(c). This exemption generally applies to certain board- or committee-approved employee benefit plan transactions, reducing short-swing profit concerns for this specific purchase of EFSC shares.