BAUCHE DOUGLAS 4

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.