Handley Kevin L 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
EFSC Chief Credit Officer Kevin Handley Receives 380 Shares
What Happened
Kevin L. Handley, Chief Credit Officer of Enterprise Financial Services Corp (EFSC), had 380 restricted stock units (RSUs) convert to common stock on April 14, 2026 (reported on Form 4 filed April 16, 2026). The conversion shows an exercise/conversion at $0.00 (no cash purchase). To satisfy tax withholding, 160 shares were withheld at $58.30 per share, totaling $9,328. After withholding, Handley retained a net 220 shares.
Key Details
- Transaction date: April 14, 2026; Form 4 filed April 16, 2026 (filed within the usual two-business-day window).
- Conversion/exercise: 380 shares @ $0.00 (derivative conversion of RSUs).
- Tax withholding: 160 shares withheld @ $58.30 = $9,328 (reported as disposition to cover tax).
- Net shares retained from the conversion: 220 shares.
- Shares owned after transaction: not disclosed in the provided filing details.
- Relevant footnotes: F4 (RSUs granted under the 2018 Stock Incentive Plan); F8 (the RSUs vested 100% on April 14, 2026, subject to continued employment); F1 (withholding of stock to satisfy tax withholding).
Context
- The transaction is a routine equity award vesting and tax withholding (a cashless tax withholding), not an open-market buy or sell indicating directional insider trading.
- Transaction code M indicates the conversion/exercise of a derivative (here, RSUs converting to shares); code F indicates shares withheld to cover taxes.
- No sale of remaining shares was reported in this filing.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-14+380→ 6,560 total - Tax Payment
Common Stock
[F1]2026-04-14$58.30/sh−160$9,328→ 6,400 total - Exercise/Conversion
Restricted Share Units
[F4][F8]2026-04-14−380→ 0 total→ Common Stock (380 underlying)
- 1,612
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (1,612 underlying) - 1,230
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (1,230 underlying) - 1,684
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (1,684 underlying) - 2,576
Non Qualified Stock Option (Right to Buy)
[F2]Exercise: $39.50Exp: 2034-02-28→ Common Stock (2,576 underlying) - 1,791
Non Qualified Stock Option (Right to Buy)
[F3]Exercise: $57.17Exp: 2035-03-04→ Common Stock (1,791 underlying) - 492
Restricted Share Units
[F4][F5]→ Common Stock (492 underlying) - 599
Restricted Share Units
[F4][F6]→ Common Stock (599 underlying) - 1,140
Restricted Share Units
[F4][F7]→ Common Stock (1,140 underlying)
Footnotes (8)
- [F1]Withholding of stock to satisfy tax withholding obligation on issuance of common stock.
- [F2]This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
- [F3]The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
- [F4]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.
- [F5]The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
- [F6]The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.
- [F7]The RSU's vest 100% in the first quarter of 2029, subject to continued employment by the reporting person.
- [F8]The RSU's vest 100% April 14, 2026, subject to continued employment by the reporting person.