Enterprise Financial (NASDAQ: EFSC) CFO awarded stock and withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Financial Services Corp executive Keene S. Turner, SEVP and Chief Financial Officer, reported multiple equity compensation transactions dated 02/10/2026. He acquired 1,964 shares of common stock through the exercise of restricted share units at $0 per share, then had 854, 1,473 and 1,127 shares of common stock withheld at $59.22 per share to cover tax obligations.
Turner also received new stock awards of 3,221 and 2,592 shares of common stock, granted under the company’s 2018 Stock Incentive Plan. After these transactions, he directly owned 61,499 shares of common stock, plus 1,683 shares held indirectly through the company 401(k) plan and 2,000 depository shares, alongside several outstanding stock options and restricted share unit grants that vest or become exercisable in future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,964 shares exercised/converted
Mixed
17 txns
Insider
KEENE S TURNER
Role
SEVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,964 | $0.00 | -- |
| Exercise | Common Stock | 1,964 | $0.00 | -- |
| Tax Withholding | Common Stock | 854 | $59.22 | $51K |
| Grant/Award | Common Stock | 3,221 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,473 | $59.22 | $87K |
| Grant/Award | Common Stock | 2,592 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,127 | $59.22 | $67K |
| 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 | Non Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depository Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct);
Common Stock — 59,140 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. The shares of common stock were awarded pursuant to the Company's 2018 Stock Incentive Plan. 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 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 option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person. The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
FAQ
What did EFSC CFO Keene S. Turner report on this Form 4?
Keene S. Turner reported equity compensation activity, not an open-market trade. He exercised 1,964 restricted share units into common stock, received additional stock awards, and had some shares withheld to cover taxes, updating his direct and indirect ownership in Enterprise Financial Services Corp.
What new EFSC stock awards did the CFO receive on 02/10/2026?
On 02/10/2026, the CFO received two new common stock awards of 3,221 and 2,592 shares at $0 per share. These were granted under Enterprise Financial Services Corp’s 2018 Stock Incentive Plan and increase his equity-based compensation tied to the company’s performance and continued employment.
What equity incentives in EFSC does the CFO still hold after this filing?
The CFO continues to hold several nonqualified stock options and restricted share units. These cover thousands of shares of common stock with exercise prices such as $43.81, $48.34, $54.46, $39.5 and $57.17, and vesting or exercisability scheduled between 2027 and 2035, subject to continued employment.