Enterprise Financial (EFSC) CFO adds ESPP shares and details large option, RSU holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENTERPRISE FINANCIAL SERVICES CORP executive vice president and chief financial officer Keene S. Turner reported a routine equity purchase through the company’s employee stock plan. He acquired 462 shares of common stock at $45.94 per share under the 2018 Employee Stock Purchase Plan for the period from January 1, 2026 through June 30, 2026, a transaction exempt under Section 16b-3(c). After this purchase, he directly holds 64,781 shares of common stock, along with 2,000 depository shares representing interests in 5.00% Series A preferred stock and 1,683 common shares held through the company’s 401(k) plan. Turner also holds multiple restricted stock unit awards and nonqualified stock options on common stock with exercise prices between $39.50 and $57.17 and expirations between 2031 and 2035, providing additional long-term equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
KEENE S TURNER
Role
SEVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 462 | $45.94 | $21K |
| 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 | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depository Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,781 shares (Direct, null);
Non Qualified Stock Option (Right to Buy) — 9,042 shares (Direct, null);
Restricted Share Units — 2,897 shares (Direct, null);
Common Stock — 1,683 shares (Indirect, 401(k) Plan);
Depository Shares — 2,000 shares (Direct, null)
Footnotes (1)
- The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of January 1, 2026, through June 30, 2026. This transaction is exempt under Section 16b-3(c). In accordance with the terms of the ESPP, the reported shares were acquired based on 85% of the closing price of the Issuer's common stock on January 2, 2026. These securities are shares of EFSC common stock held through the Company's 401(k) Plan. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Depositary Shares were purchased in an underwritten public offering. 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 RSU's vest 100% in the first quarter of 2029, 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.
Key Figures
ESPP purchase: 462 shares at $45.94/share
Direct common shares: 64,781 shares
Depository shares: 2,000 shares
+5 more
8 metrics
ESPP purchase
462 shares at $45.94/share
Common stock acquired for ESPP period Jan 1–Jun 30, 2026
Direct common shares
64,781 shares
Common stock directly owned after ESPP transaction
Depository shares
2,000 shares
Each represents 1/40th of 5.00% Series A preferred
401(k) common stock
1,683 shares
EFSC common stock held through company 401(k) plan
Largest option grant
15,163 underlying shares at $39.50
Nonqualified stock option expiring February 28, 2034
Option grant
7,984 underlying shares at $57.17
Nonqualified stock option expiring March 4, 2035
RSU grant
4,989 units
Restricted Share Units, each for one common share
RSU grant
2,897 units
Restricted Share Units, vesting schedule per grant terms
Key Terms
Employee Stock Purchase Plan, Section 16b-3(c), Depositary Share, Non Qualified Stock Option (Right to Buy), +1 more
5 terms
Employee Stock Purchase Plan financial
"acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 16b-3(c) regulatory
"This transaction is exempt under Section 16b-3(c)."
Non Qualified Stock Option (Right to Buy) financial
"Non Qualified Stock Option (Right to Buy) ... underlying Security Title Common Stock"
FAQ
What did EFSC CFO Keene S. Turner report in this Form 4 filing?
He reported acquiring 462 shares of ENTERPRISE FINANCIAL SERVICES CORP common stock through the company’s 2018 Employee Stock Purchase Plan. The purchase covered the period from January 1, 2026 through June 30, 2026 and is exempt under Section 16b-3(c).
What stock options on EFSC common stock does the CFO currently have?
Turner holds several nonqualified stock options, including 15,163 underlying shares at $39.50 expiring February 28, 2034 and 9,610 underlying shares at $54.46 expiring February 28, 2033. Additional option grants run through 2035, supporting long-term equity alignment.
What restricted stock units (RSUs) linked to EFSC common stock are outstanding for the CFO?
He has multiple RSU grants, including 4,989 units, 2,888 units, 2,670 units, and 2,897 units, each convertible into one EFSC common share. Footnotes indicate these RSUs generally vest 100% in the first quarter of 2027, 2028, and 2029, subject to continued employment.