Form 4: Director Robert E. Guest Jr. Reports Acquisition of Phantom Stock in Enterprise Financial Services Corp

Robert E. Guest Jr., a director of Enterprise Financial Services Corp, reports the acquisition of phantom stock units, representing a right to receive common stock, through a non-management director stock plan.

Summary

• On July 10, 2024, Robert E. Guest Jr., a director of Enterprise Financial Services Corp, reported a transaction involving derivative securities.
• Specifically, Mr. Guest acquired 1,490 units of phantom stock.
• These phantom stock units represent the right to receive one share of common stock upon distribution from the Non-Management Director Stock Plan deferred compensation account.
• The shares of common stock related to the newly acquired phantom stock will be distributed on January 2, 2028, as per the director's deferral election.
• Following the transaction, Mr. Guest directly owns 1,490 derivative securities.
• Mr. Guest also indirectly owns 8,272 shares of common stock through a spouse's IRA, 89,792 shares through the Guest Family Trust 2023, and directly owns 3,399 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which is generally a good sign. However, it's a routine transaction related to a compensation plan.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan allows for tax-advantaged savings for the director.

Future Outlook

The phantom stock will be converted to common stock on January 2, 2028, following the terms of the Non-Management Director Stock Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The transaction signals to shareholders that a director has a vested interest in the company's long-term success.

Key Dates