LALLY JAMES BRIAN 4

What Happened

• James B. Lally, CEO and director of Enterprise Financial Services Corp. (EFSC), exercised/converted derivatives and received stock awards on Feb 10, 2026. The filing shows acquisitions totaling 16,538 shares (4,176 via exercise/conversion and 12,362 via awards/RSUs) at $0.00 reported cost. To satisfy tax withholding on the stock issuance, 6,657 shares were withheld/disposed, generating proceeds of $394,228 (reported per-share tax withholding price $59.22).

Key Details

• Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (timely filing).
• Acquisitions: 4,176 shares (exercise/conversion, code M) + 6,849 shares (grant/award, code A) + 5,513 shares (grant/award, code A) = 16,538 shares acquired at $0.00 reported price.
• Withholding/disposed for taxes (code F): 1,673 + 2,776 + 2,208 = 6,657 shares sold/withheld at $59.22 each, totaling $394,228.
• Notable footnotes: F1 indicates shares were withheld to satisfy tax obligations; F10/F11 describe RSU vesting schedules (multi-year vesting and some RSUs vesting 100% in early 2026) and F2/F7 note awards were under the 2018 Stock Incentive Plan.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• No 10b5-1 plan or other trading plan disclosed in the excerpt.

Context

• This looks like a routine exercise/settlement and vesting event followed by stock withholding to cover taxes — a common, administrative transaction that does not necessarily signal a buy or sell decision for market sentiment. The zero reported acquisition price reflects stock-settlement/RSU vesting rather than a cash-market purchase.