BAUCHE DOUGLAS 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Enterprise Financial (EFSC) SEVP Douglas Converts RSUs; Withholds Shares
What Happened Douglas Bauche, Senior EVP and Chief Banking Officer of Enterprise Financial Services Corp (EFSC), had 3,326 restricted stock units (RSUs/derivative securities) convert into common stock on February 24, 2026. Of those shares, 1,466 were withheld to satisfy tax withholding obligations at $57.57 per share (value = $84,398), resulting in a net issuance of 1,860 shares to Douglas. The conversion/vesting is reflected as an exercise/conversion of a derivative (code M) and the withholding is reported as a disposition for tax purposes (code F).
Key Details
- Transaction date: 2026-02-24; filing date: 2026-02-26 (timely).
- Conversion: 3,326 shares acquired via exercise/conversion (reported at $0.00 per share).
- Withholding: 1,466 shares withheld/disposed at $57.57/share to cover taxes; total = $84,398.
- Net shares issued to insider: 1,860 (3,326 − 1,466).
- Relevant footnotes: F1 = stock withheld to satisfy tax withholding; F8 = these RSUs vest in installments (one vesting occurred Feb 24, 2026).
- Shares owned following the transaction are not specified in the filing.
Context This was a routine RSU vesting and tax-withholding event (not an open-market buy or a discretionary sale). Withholding shares to cover taxes is common and effectively a cashless settlement of tax obligations; it should not be interpreted alone as a bullish or bearish trading signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-24+3,326→ 29,887 total - Tax Payment
Common Stock
[F1]2026-02-24$57.57/sh−1,466$84,398→ 28,421 total - Exercise/Conversion
Restricted Share Units
[F5][F8]2026-02-24−3,326→ 3,326 total→ Common Stock (3,326 underlying)
- 3,282(indirect: By 401(k))
Common Stock
[F2] - 4,730
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (4,730 underlying) - 5,081
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (5,081 underlying) - 5,105
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (5,105 underlying) - 7,786
Non Qualified Stock Option (Right to Buy)
[F3]Exercise: $39.50Exp: 2034-02-28→ Common Stock (7,786 underlying) - 4,100
Non Qualified Stock Option (Right to Buy)
[F4]Exercise: $57.17Exp: 2035-03-04→ Common Stock (4,100 underlying) - 1,487
Restricted Share Units
[F5][F6]→ Common Stock (1,487 underlying) - 1,371
Restricted Share Units
[F5][F7]→ Common Stock (1,371 underlying)
Footnotes (8)
- [F1]Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
- [F2]These securities are represented by units held in a unitized stock fund through the Company's 401(k) Plan. The unitized stock fund consists of cash and common stock in amounts that vary from time to time.
- [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.