KEENE S TURNER 4

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.