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ENTERPRISE FINANCIAL SERVICES CORP·4

Feb 26, 1:17 PM ET

KEENE S TURNER 4

4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Feb 26, 2026

Research Summary

AI-generated summary of this filing

Updated

EFSC (Enterprise Financial) CFO Keene Turner Exercises/Converts 4,989 Units

What Happened

  • Keene S. Turner, Chief Financial Officer of Enterprise Financial Services Corp. (EFSC), converted/exercised 4,989 derivative units into common stock on Feb 24, 2026. The filing shows an exercise/conversion price of $0.00 for those units.
  • As part of the same transaction, 2,169 shares were withheld to satisfy tax withholding obligations at a reported per-share value of $57.57, for a total withholding value of $124,869. That leaves a net of 2,820 shares issued to Mr. Turner (4,989 converted − 2,169 withheld).

Key Details

  • Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (appears timely).
  • Reported amounts:
    • Conversion/exercise: 4,989 shares (reported consideration $0.00).
    • Tax withholding: 2,169 shares @ $57.57 = $124,869 (Disposition code F).
    • Net shares received: 2,820 (4,989 − 2,169).
  • Relevant footnotes:
    • F1: Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
    • F9 (appears in filing): RSU vesting schedule includes Feb 24, 2026 (vesting may explain the conversion/issuance).
  • Shares owned after the transaction are not included in the excerpt provided.

Context

  • This is primarily an issuance/vesting-type event (conversion of derivative/RSU units) with a routine tax-withholding share surrender rather than an open-market sale or new cash purchase. The withholding is a common, administrative step to cover tax liabilities and does not necessarily indicate a change in insider sentiment.
  • Because part of the converted shares were withheld rather than sold on the market, this is effectively a net acquisition of shares by the insider (2,820 shares), though no cash purchase occurred.

Insider Transaction Report

Form 4
Period: 2026-02-24
ENTERPRISE FINANCIAL SERVICES CORPEFSC
KEENE S TURNER
SEVP, Chief Financial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-02-24+4,989→ 66,488 total
  • Tax Payment

    Common Stock

    [F1]
    2026-02-24$57.57/sh−2,169$124,869→ 64,319 total
  • Exercise/Conversion

    Restricted Share Units

    [F6][F9]
    2026-02-24−4,989→ 4,989 total
    → Common Stock (4,989 underlying)
Holdings

  • Common Stock

    [F2]
    (indirect: By 401(k))
    1,683

  • Depository Shares

    [F3]
    2,000

  • Non Qualified Stock Option (Right to Buy)

    Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (9,042 underlying)
    9,042

  • Non Qualified Stock Option (Right to Buy)

    Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (9,934 underlying)
    9,934

  • Non Qualified Stock Option (Right to Buy)

    Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (9,610 underlying)
    9,610

  • Non Qualified Stock Option (Right to Buy)

    [F4]
    Exercise: $39.50Exp: 2034-02-28→ Common Stock (15,163 underlying)
    15,163

  • Non Qualified Stock Option (Right to Buy)

    [F5]
    Exercise: $57.17Exp: 2035-03-04→ Common Stock (7,984 underlying)
    7,984

  • Restricted Share Units

    [F6][F7]
    → Common Stock (2,897 underlying)
    2,897

  • Restricted Share Units

    [F6][F8]
    → Common Stock (2,670 underlying)
    2,670
Footnotes (9)
  • [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]Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Depositary Shares were purchased in an underwritten public offering.
  • [F4]This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
  • [F5]The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
  • [F6]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.
  • [F7]The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
  • [F8]The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.
  • [F9]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.
Signature
/s/ Keene S. Turner|2026-02-26

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT