Douglas Bauche of Enterprise Financial (EFSC) exercises RSUs and withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Financial Services Corp executive Douglas Bauche, SEVP and Chief Banking Officer, reported equity award activity. On February 24, 2026, he exercised 3,326 Restricted Share Units, receiving the same number of common shares at a stated price of $0.00 per share.
To cover tax obligations on this issuance, 1,466 common shares were disposed of at $57.57 per share through withholding rather than an open-market sale, as described in the footnote. Following these transactions, he directly held 28,421 shares of common stock, along with multiple non-qualified stock options and additional Restricted Share Units that vest in future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,326 shares exercised/converted
Mixed
11 txns
Insider
BAUCHE DOUGLAS
Role
SEVP, Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 3,326 | $0.00 | -- |
| Exercise | Common Stock | 3,326 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,466 | $57.57 | $84K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 3,326 shares (Direct);
Common Stock — 29,887 shares (Direct);
Non Qualified Stock Option (Right to Buy) — 4,730 shares (Direct);
Common Stock — 3,282 shares (Indirect, 401(K) Plan)
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. 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 did EFSC executive Douglas Bauche report in this Form 4?
Douglas Bauche reported equity award activity, including exercising 3,326 Restricted Share Units into common stock and a related tax-withholding share disposition. The filing also updates his remaining option and Restricted Share Unit holdings and his post-transaction common stock ownership balance.
What is Douglas Bauche’s EFSC common stock ownership after these transactions?
After the reported activity, Douglas Bauche directly held 28,421 shares of Enterprise Financial common stock. He also has indirect exposure through a 401(k) unitized stock fund and holds additional non-qualified stock options and Restricted Share Units scheduled to vest in future periods.