EFSC (EFSC) CEO exercises RSUs and withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Financial Services Corp CEO James Brian Lally exercised 7,982 Restricted Share Units into an equal number of common shares on February 24, 2026, at a stated price of $0 per share, reflecting equity compensation vesting rather than an open-market purchase.
To satisfy tax withholding on this issuance, 3,502 common shares were disposed of at $57.57 per share, a non-cash, tax-withholding disposition. Following these transactions, Lally directly owned 115,696 common shares, plus additional holdings through stock options, restricted share units, a 401(k) plan fund, and 4,107 shares held jointly with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,982 shares exercised/converted
Mixed
12 txns
Insider
LALLY JAMES BRIAN
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 7,982 | $0.00 | -- |
| Exercise | Common Stock | 7,982 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,502 | $57.57 | $202K |
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 7,982 shares (Direct);
Common Stock — 119,198 shares (Direct);
Non Qualified Stock Option (Right to Buy) — 17,637 shares (Direct);
Common Stock — 19,570 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. These shares are held jointly with spouse. 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 CEO James Brian Lally report in this Form 4?
James Brian Lally reported exercising 7,982 Restricted Share Units into common stock and a related tax-withholding share disposition. These actions reflect equity compensation vesting rather than an open-market trade, and updated his direct and indirect ownership positions in Enterprise Financial Services Corp.
Was there any sale of EFSC stock by the CEO on the open market?
The reported 3,502-share disposition was for tax withholding at $57.57 per share, not an open-market sale. Shares were withheld to cover tax obligations triggered by the RSU share issuance, a common administrative step in stock-based compensation programs for senior executives.
What is James Brian Lally’s EFSC common stock ownership after these transactions?
After these transactions, James Brian Lally directly owned 115,696 shares of Enterprise Financial common stock. He also held additional interests through stock options, remaining restricted share units, a 401(k) plan’s unitized stock fund, and 4,107 shares reported as held jointly with his spouse.
What do the footnotes say about vesting of EFSC RSUs and options?
Footnotes explain that RSUs and nonqualified stock options generally vest or become exercisable in specified quarters, such as the first quarter of 2027 or 2028, and are subject to the CEO’s continued employment. Upon vesting, each RSU entitles him to receive one share of common stock.