Enterprise Financial (EFSC) Form 4: Director defers 2,445 shares under Plan
Rhea-AI Filing Summary
Sandra Van Trease, a director of Enterprise Financial Services Corp (EFSC), reported additions to her deferred compensation account under the Non-Management Director Stock Plan. The Form 4 shows 53,448 shares of common stock held indirectly by trust and previously reported phantom stock rights for 3,416 shares that were disposed of.
On 08/22/2025 she acquired 2,445 phantom shares (each converting to one common share on distribution) at $0 under the Plan; those phantom shares will be distributed on the deferral date she selected. The filing is signed 08/26/2025.
Positive
- None.
Negative
- None.
Insights
Routine director compensation deferral; no governance red flags in this filing.
The Form 4 documents non-management director deferred compensation activity rather than open-market trading. Holdings include 53,448 common shares held indirectly via trust, and the acquisition of 2,445 phantom shares under the Non-Management Director Stock Plan. Distribution dates are specified for deferred phantom shares, indicating plan compliance and standard director compensation mechanics. There is no evidence of securities sales, related-party transactions beyond plan participation, or unusual timing that would suggest governance concerns.
Insider report shows plan-based award and deferred distribution schedule; immaterial market impact.
The transaction code and explanations indicate these are plan-issued phantom shares converting to common stock on specified deferral dates (Jan 2, 2027 and Jan 3, 2028). The acquisition of 2,445 phantom shares at $0 is compensation-related and not a cash purchase. The report clarifies post-transaction beneficial ownership figures and the indirect ownership form, consistent with routine Form 4 disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 2,445 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each phantom share represents the right to receive one share of common stock upon distribution from the Non-Management Director Stock Plan deferred compensation account. Shares of common stock will be distributed on January 2, 2027, the deferral date identified by the director in accordance with the terms of the Plan. Each phantom share represents the right to receive one share of common stock upon distribution from the Non-Management Director Stock Plan deferred compensation account. Shares of common stock will be distributed on January 3, 2028 the deferral date identified by the director in accordance with the terms of the Plan. Represents shares issued under the Non-Management Director Stock Plan.
