Handley Kevin L 4

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.