KEENE S TURNER 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Enterprise Financial (EFSC) CFO Keene S. Turner Buys 462 Shares
What Happened Keene S. Turner, Chief Financial Officer 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. The transaction is reported on Form 4 as an "Other acquisition or disposition (J)."
Key Details
- Transaction date and price: 2026-06-30 — 462 shares at $45.94 each (total $21,224).
- How acquired: Purchased through the company's 2018 Employee Stock Purchase Plan (ESPP) for the Jan 1–Jun 30, 2026 purchase period.
- Discount detail: Per the filing, the shares were acquired based on 85% of EFSC's closing price on January 2, 2026.
- Exemption: Filing footnote states the transaction is exempt under Section 16(b)-3(c).
- Filing timeliness: Form filed 2026-07-08 (eight days after the transaction date), which is later than the standard two-business-day Form 4 deadline.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Other notes in the filing: The document also includes various footnotes about RSUs, options, and 401(k) holdings for the reporting person (not directly related to this ESPP purchase).
Context This was an ESPP purchase — a routine employee stock plan buy often executed at a discount and recurring each purchase period. Such purchases are common for employees and do not, by themselves, indicate personal trading strategies or company-forward guidance.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-06-30$45.94/sh+462$21,224→ 64,781 total
- 1,683(indirect: By 401(k))
Common Stock
[F3] - 2,000
Depository Shares
[F4] - 9,042
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (9,042 underlying) - 9,934
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (9,934 underlying) - 9,610
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (9,610 underlying) - 15,163
Non Qualified Stock Option (Right to Buy)
[F5]Exercise: $39.50Exp: 2034-02-28→ Common Stock (15,163 underlying) - 7,984
Non Qualified Stock Option (Right to Buy)
[F6]Exercise: $57.17Exp: 2035-03-04→ Common Stock (7,984 underlying) - 2,897
Restricted Share Units
[F7][F8]→ Common Stock (2,897 underlying) - 2,670
Restricted Share Units
[F7][F9]→ Common Stock (2,670 underlying) - 2,888
Restricted Share Units
[F7][F10]→ Common Stock (2,888 underlying) - 4,989
Restricted Share Units
[F7][F11]→ Common Stock (4,989 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]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.
- [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.