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ENTERPRISE FINANCIAL SERVICES CORP·4

Feb 12, 5:27 PM ET

IANNACONE NICOLE M 4

Research Summary

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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.