IANNACONE NICOLE M 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
EFSC: Nicole Iannacone (CLO) Exercises Options, Receives RSUs
What Happened
Nicole M. Iannacone, Senior EVP and Chief Legal Officer of Enterprise Financial Services Corp. (EFSC), reported multiple equity transactions on 2026-02-10. She acquired a total of 4,035 shares through option exercise/conversion (1,019 shares) and awards/grants (1,671 and 1,345 shares). To satisfy tax withholding obligations, 1,879 shares were withheld at $59.22 per share for a total withholding value of $111,275. The filing shows reported disposals (including the withholding and a derivative disposition) of 2,898 shares, yielding a net increase of 1,137 shares based on the reported numbers.
Key Details
- Transaction date: February 10, 2026; Form filed Feb 12, 2026 (timely filing).
- Reported acquisitions: 4,035 shares (1,019 exercised/conversion; 1,671 and 1,345 awarded).
- Reported disposals/withholdings: 2,898 shares (including 1,879 shares withheld for taxes at $59.22/share; total withheld value $111,275).
- Net change (acquired minus disposed as reported): +1,137 shares.
- Price recorded for exercises/grants: $0.00 in the filing entries; tax withholding price used: $59.22.
- Footnotes: awards and exercises are under the Company’s 2018 Stock Incentive Plan; several RSUs/options are subject to future vesting/exercise schedules (see footnotes F2–F9). F1 notes withholding of stock to satisfy taxes.
- No indication in the provided excerpt of a 10b5-1 plan, charitable gift, or an open-market sale.
Context
- These transactions combine option exercise/conversion and awards of restricted stock/RSUs. The withholding of shares to cover tax obligations is a routine, administrative step and does not necessarily signal a bullish or bearish view.
- Because some awards/options referenced have future vesting or exercisability dates (per footnotes), portions of the reported activity relate to scheduled vesting/grant mechanics rather than open-market trading.
- The filing does not list total shares owned after the transactions in the excerpt provided; consult the full Form 4 for current post-transaction holdings.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-10+1,019→ 19,858 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−449$26,590→ 19,409 total - Award
Common Stock
[F2]2026-02-10+1,671→ 21,080 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−825$48,857→ 20,255 total - Award
Common Stock
[F2]2026-02-10+1,345→ 21,600 total - Tax Payment
Common Stock
[F1]2026-02-10$59.22/sh−605$35,828→ 20,995 total - Exercise/Conversion
Restricted Share Units
[F5][F9]2026-02-10−1,019→ 0 total→ Common Stock (1,019 underlying)
- 4,521
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (4,521 underlying) - 4,946
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (4,946 underlying) - 4,985
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (4,985 underlying) - 7,551
Non Qualified Stock Option (Right to Buy)
[F3]Exercise: $39.50Exp: 2034-02-28→ Common Stock (7,551 underlying) - 3,976
Non Qualified Stock Option (Right to Buy)
[F4]Exercise: $57.17Exp: 2035-03-04→ Common Stock (3,976 underlying) - 1,443
Restricted Share Units
[F5][F6]→ Common Stock (1,443 underlying) - 1,330
Restricted Share Units
[F5][F7]→ Common Stock (1,330 underlying) - 6,652
Restricted Share Units
[F5][F8]→ Common Stock (6,652 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 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.
- [F9]The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.