Handley Kevin L 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
EFSC Chief Credit Officer Kevin Handley Exercises Options, Receives Awards
What Happened
Kevin L. Handley, Chief Credit Officer of Enterprise Financial Services Corp (EFSC), reported multiple equity transactions on Feb 10, 2026. The filing shows an exercise/conversion of 344 option-derived shares and awards/grants of 565 and 455 shares (RSUs/awards). To satisfy tax withholding obligations, a total of 646 shares were withheld/disposed at $59.22 per share, generating proceeds of $38,256. The Form 4 also lists a 344-share derivative disposition (likely related to the option conversion/settlement).
Key Details
- Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (timely).
- Acquisitions reported: 344 shares (exercise/conversion) + 565 shares (award) + 455 shares (award) = 1,364 shares acquired.
- Dispositions reported (tax withholding): 163, 268, 215 shares = 646 shares sold/withheld at $59.22/share, total $38,256.
- Net effect (based on lines reported): gross +1,364 shares acquired less 646 withheld = net +718 shares added to holdings (subject to the derivative disposition noted below).
- A 344-share derivative disposition is listed separately (zero price) and may reflect the mechanics of the option exercise/settlement.
- Footnotes: awards granted under the Company’s 2018 Stock Incentive Plan (RSUs); several grants/options carry vesting/exercise schedules (vest/exercise in Q1 2026, Q1 2027, Q1 2028, and Apr 14, 2026).
- Tax withholding was done via share withholding (code F).
Context
- This appears to be a routine option exercise/award issuance with shares withheld to cover tax obligations (a common cashless settlement/tax-satisfaction practice), not an open-market sale or purchase signal.
- Awards include RSUs with future vesting dates; until vested, they may be subject to forfeiture if employment conditions aren't met.
- No evidence in this filing of a 10% owner transaction, gifts, or a 10b5-1 plan. Check the full Form 4 for total post-transaction ownership if you need exact holdings.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-10+344→ 5,806 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−163$9,653→ 5,643 total - Award
Common Stock
[F2]2026-02-10+565→ 6,208 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−268$15,871→ 5,940 total - Award
Common Stock
[F2]2026-02-10+455→ 6,395 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−215$12,732→ 6,180 total - Exercise/Conversion
Restricted Share Units
[F5][F9]2026-02-10−344→ 0 total→ Common Stock (344 underlying)
- 1,612
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (1,612 underlying) - 1,230
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (1,230 underlying) - 1,684
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (1,684 underlying) - 2,576
Non Qualified Stock Option (Right to Buy)
[F3]Exercise: $39.50Exp: 2034-02-28→ Common Stock (2,576 underlying) - 1,791
Non Qualified Stock Option (Right to Buy)
[F4]Exercise: $57.17Exp: 2035-03-04→ Common Stock (1,791 underlying) - 492
Restricted Share Units
[F5][F6]→ Common Stock (492 underlying) - 599
Restricted Share Units
[F5][F7]→ Common Stock (599 underlying) - 380
Restricted Share Units
[F5][F8]→ Common Stock (380 underlying)
Footnotes (9)
- [F1]Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
- [F2]The shares of common stock were awarded pursuant to the Company's 2018 Stock Incentive Plan.
- [F3]This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
- [F4]The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
- [F5]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.
- [F6]The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
- [F7]The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.
- [F8]The RSU vest 100% April 14, 2026, subject to continued employment by the reporting person.
- [F9]The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.