Enterprise Financial (EFSC) banking chief reports RSU conversion and tax withholding

Rhea-AI Filing Summary

Enterprise Financial Services Corp executive Douglas Bauche, SEVP and Chief Banking Officer, reported multiple equity transactions on February 10, 2026. He acquired 1,043 shares of common stock at $0 per share through the exercise of restricted share units, increasing his directly held common stock to 25,387 shares.

To cover tax obligations on issuances, the company withheld 460, 845, and 609 shares of common stock at a price of $59.22 per share, as noted in the footnotes. Bauche also received stock awards of 1,711 and 1,377 common shares at $0, granted under the 2018 Stock Incentive Plan, ending with 26,561 directly held shares plus 3,282 shares held indirectly through the company’s 401(k) plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAUCHE DOUGLAS

(Last) (First) (Middle)

150 N. MERAMEC

(Street)

CLAYTON MO 63105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENTERPRISE FINANCIAL SERVICES CORP [ EFSC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP, Chief Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/10/2026		M		1,043	A	$0	25,387	D
Common Stock	02/10/2026		F		460(1)	D	$59.22	24,927	D
Common Stock	02/10/2026		A(2)		1,711	A	$0	26,638	D
Common Stock	02/10/2026		F		845(1)	D	$59.22	25,793	D
Common Stock	02/10/2026		A(2)		1,377	A	$0	27,170	D
Common Stock	02/10/2026		F		609(1)	D	$59.22	26,561	D
Common Stock								3,282	I	401(K) Plan(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non Qualified Stock Option (Right to Buy)	$43.81							02/06/2024	02/25/2031	Common Stock	4,730		4,730	D
Non Qualified Stock Option (Right to Buy)	$48.34							02/03/2025	02/24/2032	Common Stock	5,081		5,081	D
Non Qualified Stock Option (Right to Buy)	$54.46							02/10/2026	02/28/2033	Common Stock	5,105		5,105	D
Non Qualified Stock Option (Right to Buy)	$39.5							(4)	02/28/2034	Common Stock	7,786		7,786	D
Non Qualified Stock Option (Right to Buy)	$57.17							(5)	03/04/2035	Common Stock	4,100		4,100	D
Restricted Share Units	(6)							(7)	(7)	Common Stock	1,487		1,487	D
Restricted Share Units	(6)							(8)	(8)	Common Stock	1,371		1,371	D
Restricted Share Units	(6)							(9)	(9)	Common Stock	6,652		6,652	D
Restricted Share Units	(6)	02/10/2026		M			1,043	(10)	(10)	Common Stock	1,043	$0	0	D

Explanation of Responses:

1. Withholding of stock to satisfy tax withholding obligation on issuance of common stock.

2. The shares of common stock were awarded pursuant to the Company's 2018 Stock Incentive Plan.

3. 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.

4. This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.

5. The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.

6. 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.

7. The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.

8. The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.

9. 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.

10. The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.

	/s/ Douglas Bauche	02/12/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did EFSC executive Douglas Bauche report on February 10, 2026?

Douglas Bauche reported several equity transactions on February 10, 2026. He converted 1,043 restricted share units into common stock, received additional stock awards, and had shares withheld at $59.22 per share to satisfy tax obligations related to these equity issuances.

How many EFSC common shares does Douglas Bauche hold after the reported Form 4 transactions?

After the reported transactions, Douglas Bauche directly holds 26,561 shares of Enterprise Financial Services common stock. He also has indirect ownership of 3,282 common shares through the company’s 401(k) plan, represented by units in a unitized stock fund that includes cash and stock.

Were any of Douglas Bauche’s EFSC share dispositions open-market sales?

The dispositions reported for Douglas Bauche were not open-market sales. Shares totaling 460, 845, and 609 were withheld at $59.22 per share to satisfy tax withholding obligations on the issuance of common stock, as described in the filing’s explanatory footnotes.

What stock awards did Douglas Bauche receive from Enterprise Financial Services Corp (EFSC)?

Douglas Bauche received awards of 1,711 and 1,377 shares of EFSC common stock at $0 per share. These awards were granted under the company’s 2018 Stock Incentive Plan, which provides equity-based compensation to executives in the form of stock and restricted share units.

What derivative and RSU holdings does Douglas Bauche report for EFSC?

Bauche reports several non-qualified stock options and restricted share units tied to EFSC common stock. Option positions include 4,730, 5,081, 5,105, 7,786, and 4,100 shares, plus RSU holdings of 1,487, 1,371, and 6,652 shares, all granted under the 2018 Stock Incentive Plan.

How were restricted share units involved in Douglas Bauche’s February 10, 2026 EFSC transactions?

On February 10, 2026, 1,043 restricted share units were converted into an equal number of EFSC common shares at $0 per share. Related RSU grants vest over time, with vesting schedules tied to continued employment and future first-quarter dates described in the explanatory footnotes.