EFSC executive exercises RSUs, withholds shares for tax
Enterprise Financial Services Corp executive Douglas Bauche, SEVP and Chief Banking Officer, reported equity award activity.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 3,326 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,326 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | 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 | -- | -- | -- |
Footnotes (8)
- F1. Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
- F2. 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.
- F3. This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
- F4. The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
- F5. 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.
- F6. The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
- F7. The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.
- F8. 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
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What did EFSC executive Douglas Bauche report in this Form 4?
What is Douglas Bauche’s EFSC common stock ownership after these transactions?
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