Form 4: Enterprise Financial Services Corp Director Marsh Reports Acquisition of Phantom Stock

Director Stephen P. Marsh reports acquisition of phantom stock units convertible to common stock in Enterprise Financial Services Corp.

Summary

• Stephen P. Marsh, a director of Enterprise Financial Services Corp (EFSC), filed a Form 4 on July 12, 2024, reporting a transaction on July 10, 2024.
• The transaction involved the acquisition of 1,490 phantom stock units, each representing the right to receive one share of EFSC common stock upon distribution from the Non-Management Director Stock Plan deferred compensation account.
• Following the reported transaction, Marsh directly owns 4,317 derivative securities (phantom stock).
• Marsh also indirectly owns 47,540 shares of common stock through a trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction related to director compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

Shares of common stock will be distributed following termination of the reporting person's services as an Independent Director of the Company.

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 participation in a deferred compensation plan.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates