KEENE S TURNER 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
EFSC CFO Keene Turner Exercises Options and Receives RSUs
What Happened
- Keene S. Turner, Chief Financial Officer of Enterprise Financial Services Corp (EFSC), exercised/converted derivative awards and received stock awards on Feb 10, 2026. The filing shows 1,964 shares from an exercise/conversion and two awards of 3,221 and 2,592 shares — a total of 7,777 shares issued to Turner.
- To satisfy tax withholding on the issuance, 3,454 shares were withheld (three withholdings of 854, 1,473 and 1,127 shares) at $59.22 per share, totaling $204,546. After withholding, Turner’s net increase from these transactions is 4,323 shares.
- These disposals were tax withholdings (Form 4 code F), not open-market sales.
Key Details
- Transaction date: February 10, 2026; Form 4 filed Feb 12, 2026 (timely filing).
- Reported prices/values: withholding price $59.22 per share; withheld value ≈ $204,546 total. Grants/exercise shown at $0.00 per share in the filing (typical for RSU vesting or option conversion entries).
- Shares issued per filing: 1,964 (exercise/conversion) + 3,221 (award) + 2,592 (award) = 7,777 issued; 3,454 withheld for taxes; net +4,323 shares.
- Notable footnotes: withheld shares used to satisfy tax withholding on issuance; awards were granted under the company’s Stock Incentive Plan and include RSU vesting tied to continued employment (vesting referenced in the filing).
- Filing does not indicate these were open-market sales. The F-code disposals are routine tax-withholding transactions.
Context
- This is primarily a grant/vesting and option-conversion event, not a discretionary sale — tax withholding is common when RSUs vest or options are exercised. Such transactions are routine and do not necessarily signal buying or selling intent.
- For retail investors: the filing increases Turner’s net holding by 4,323 shares, but the withheld shares are simply a payroll/tax action. No 10% owner or suspicious open-market sale was reported in this filing.
Insider Transaction Report
Form 4
KEENE S TURNER
SEVP, Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2026-02-10+1,964→ 59,140 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−854$50,574→ 58,286 total - Award
Common Stock
[F2]2026-02-10+3,221→ 61,507 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−1,473$87,231→ 60,034 total - Award
Common Stock
[F2]2026-02-10+2,592→ 62,626 total - Tax Payment
Common Stock
2026-02-10$59.22/sh−1,127$66,741→ 61,499 total - Exercise/Conversion
Restricted Share Units
[F6][F11]2026-02-10−1,964→ 0 total→ Common Stock (1,964 underlying)
Holdings
- 1,683(indirect: By 401(k))
Common Stock
[F3] - 2,000
Depository Shares
[F4] - 9,042
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (9,042 underlying) - 9,934
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (9,934 underlying) - 9,610
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (9,610 underlying) - 15,163
Non Qualified Stock Option (Right to Buy)
[F5]Exercise: $39.50Exp: 2034-02-28→ Common Stock (15,163 underlying) - 2,897
Restricted Share Units
[F6][F7]→ Common Stock (2,897 underlying) - 2,670
Restricted Share Units
[F6][F8]→ Common Stock (2,670 underlying) - 9,978
Restricted Share Units
[F6][F9]→ Common Stock (9,978 underlying) - 7,984
Non Qualified Stock Option (Right to Buy)
[F10]Exercise: $57.17Exp: 2035-03-04→ Common Stock (7,984 underlying)
Footnotes (11)
- [F1]Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
- [F10]The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
- [F11]The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
- [F2]The shares of common stock were awarded pursuant to the Company's 2018 Stock Incentive Plan.
- [F3]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.
- [F4]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.
- [F5]This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
- [F6]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.
- [F7]The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
- [F8]The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.
- [F9]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.
Signature
/s/ Keene S. Turner|2026-02-12