Handley Kevin L 4

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.