Enterprise Financial (EFSC) Form 4: Director granted 3,222 shares

Rhea-AI Filing Summary

Enterprise Financial Services Corp (EFSC) director Michael A. DeCola received 3,222 shares of common stock under the company's Non-Management Director Stock Plan on 08/22/2025 at a stated price of $0, increasing his direct holdings to 7,694 shares. The filing also reports 43,903 shares held indirectly in a family trust where the reporting person's spouse is trustee and immediate family are beneficiaries. The Form 4 was signed on 08/26/2025.

Positive

• Director alignment: Issuance under the Non-Management Director Stock Plan increases the director's direct equity stake, aligning interests with shareholders.
• Transparency: Filing discloses both direct holdings and indirect family trust holdings, clarifying beneficial ownership.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received equity under a standard director stock plan, modestly increasing direct ownership; indirect holdings remain substantial.

The reported transaction is a typical, nondiscretionary issuance under a Non-Management Director Stock Plan rather than an open-market purchase or sale. The grant was recorded at a $0 stated price, indicating an automatic issuance component of the compensation plan rather than a cash purchase. Direct ownership after the issuance is 7,694 shares while indirect ownership through a family trust is 43,903 shares, which is material for governance and alignment but not an unexpected change in control or financing. This filing does not include vesting schedules, fair-value disclosure beyond the $0 entry, or any derivative transactions.

Corporate Governance Expert

TL;DR: Routine director equity grant consistent with standard compensation practices; reinforces director alignment with shareholders.

The Form 4 documents an equity grant under a Non-Management Director Stock Plan, commonly used to align outside directors with shareholder interests. The disclosure of indirect holdings via a family trust clarifies potential beneficial ownership concentrations. There is no indication of unusual timing, related-party transfers, or option exercises. From a governance perspective this is informational and routine.

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^*

DECOLA MICHAEL A

(Last) (First) (Middle)

150 N. MERAMEC

(Street)

ST. LOUIS 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		A		3,222	A	$0(1)	7,694	D
Common Stock								43,903	I	Family Trust(2)

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

Explanation of Responses:

1. Represents shares issued under the Non-Management Director Stock Plan.

2. A family trust of which the reporting person's spouse is the trustee and member's of the reporting person's immediate family are the sole beneficiaries.

	/s/ Michael A. DeCola	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did EFSC director Michael A. DeCola report on Form 4?

He reported receipt of 3,222 shares of common stock on 08/22/2025 under the Non-Management Director Stock Plan, increasing his direct holdings to 7,694 shares.

Was the transaction a purchase and what price was reported?

The shares were issued under a plan and the Form 4 shows a reported price of $0, indicating issuance rather than a cash-market purchase.

How many shares does Michael A. DeCola indirectly own?

The filing reports 43,903 shares held indirectly via a family trust where the spouse is trustee and immediate family are beneficiaries.

When was the Form 4 signed and filed?

The signature on the Form 4 is dated 08/26/2025 and the transaction date is 08/22/2025.

Does the Form 4 report any derivative transactions or option exercises?

No. Table II for derivative securities shows no entries; only non-derivative common stock issuance is reported.