LALLY JAMES BRIAN 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Enterprise Financial (EFSC) CEO James B. Lally Buys 462 Shares via ESPP
What Happened
James B. Lally, CEO and Director of Enterprise Financial Services Corp (EFSC), acquired 462 shares of EFSC common stock on June 30, 2026 at $45.94 per share, for a total reported value of $21,224. This was an employee stock purchase plan (ESPP) purchase—an acquisition rather than a sale.
Key Details
- Transaction date: 2026-06-30; Price: $45.94; Shares: 462; Total value: $21,224.
- Reporting/filing date: Form filed 2026-07-08 (filed eight days after the trade date; this is later than the typical two-business-day Form 4 reporting window).
- Mechanism: Acquired under the Issuer’s 2018 Employee Stock Purchase Plan (ESPP); transaction is reported as exempt under Section 16(b)-3(c) (see footnote F1).
- ESPP pricing detail: Shares were acquired based on 85% of the closing price on January 2, 2026 per plan terms (footnote F2).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Other footnotes in the filing reference outstanding RSUs and option vesting schedules for the reporting person (F7–F11), but those relate to awards/vesting rather than this ESPP purchase.
Context: ESPP purchases are common compensation-related acquisitions and often reflect routine participation in an employee benefit. The filing indicates this purchase was made at the ESPP discounted price (85% lookback), and the Form 4 lists it as an exempt ESPP acquisition under Section 16(b)-3(c). The later filing date may be worth noting for timeliness, but does not change the nature of the transaction.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-06-30$45.94/sh+462$21,224→ 116,158 total
- 19,570(indirect: 401 (K) Plan)
Common Stock
[F3] - 4,107
Common Stock
[F4] - 17,637
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (17,637 underlying) - 20,325
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (20,325 underlying) - 20,438
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (20,438 underlying) - 30,661
Non Qualified Stock Option (Right to Buy)
[F5]Exercise: $39.50Exp: 2034-02-28→ Common Stock (30,661 underlying) - 16,144
Non Qualified Stock Option (Right to Buy)
[F6]Exercise: $57.17Exp: 2035-03-04→ Common Stock (16,144 underlying) - 5,857
Restricted Share Units
[F7][F8]→ Common Stock (5,857 underlying) - 5,398
Restricted Share Units
[F7][F9]→ Common Stock (5,398 underlying) - 6,344
Restricted Share Units
[F7][F10]→ Common Stock (6,344 underlying) - 7,982
Restricted Share Units
[F7][F11]→ Common Stock (7,982 underlying)
Footnotes (11)
- [F1]The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of January 1, 2026, through June 30, 2026. This transaction is exempt under Section 16b-3(c).
- [F10]The RSU's vest 100% in the first quarter of 2029, subject to continued employment by the reporting person.
- [F11]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.
- [F2]In accordance with the terms of the ESPP, the reported shares were acquired based on 85% of the closing price of the Issuer's common stock on January 2, 2026.
- [F3]These securities are shares of EFSC common stock held through the Company's 401(k) Plan.
- [F4]These shares are held jointly with spouse.
- [F5]This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
- [F6]The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
- [F7]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.
- [F8]The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
- [F9]The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.