EFSC Director Lars C. Anderson Receives 2,115-Share Award

What Happened

• Lars C. Anderson, an Independent Director of Enterprise Financial Services Corp (EFSC), was granted 2,115 phantom shares (a derivative award) on 2026-08-14. The award shows an acquisition price of $0.00 (no cash paid) and represents the right to receive common stock in the future rather than immediate stock ownership.

Key Details

• Transaction date: 2026-08-14; Filing date (Form 4): 2026-08-18.
• Transaction type/code: A — Grant/award (derivative). Reported as 2,115 phantom shares at $0.00.
• Distribution timing: Shares will be distributed on the director’s selected deferral date, January 3, 2028, or upon termination of Independent Director service under the plan.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes summary: The grant is under the Non-Management Director Stock Plan; each phantom share equals the right to one common share upon distribution; represents shares issued under that Plan.
• Timeliness: Form shows filing four days after the transaction (filing timeliness not explicitly flagged in the provided data).

Context

• These are deferred-compensation “phantom” shares, meaning Anderson does not receive stock or market exposure immediately; value converts to actual common shares (or equivalent) when distributed per plan terms.
• Such awards are routine for non-management directors as part of board compensation and do not by themselves indicate a buy or sell signal.