Form 4: Enterprise Financial Services Corp Executive Douglas Bauche Reports Stock Transactions
SEC Form 4 Filing
Douglas Bauche, SEVP and Chief Credit Officer of Enterprise Financial Services Corp, reports acquisition and disposal of company stock and derivative securities.
Summary
- Douglas Bauche, SEVP, Chief Credit Officer of Enterprise Financial Services Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 24, 2024, Bauche acquired 3,326 shares of common stock upon vesting of restricted stock units (RSUs) at a price of $0.
- Also on February 24, 2024, Bauche disposed of 1,369 shares of common stock at $40.83 to satisfy tax withholding obligations.
- Bauche also holds 2,847 shares of common stock indirectly through a 401(k) plan.
- Bauche holds multiple non-qualified stock options with various exercise prices and expiration dates, as well as additional restricted share units that vest in the future.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions described do not inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The reporting person holds options and RSUs that will vest and become exercisable in future periods, subject to continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of these instruments are generally comparable to those offered by peer companies in the financial services industry.
- Comparing the holdings and transaction patterns of insiders at Enterprise Financial Services Corp to those of executives at similar-sized regional banks could provide further insights.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of stock acquisition and disposal due to RSU vesting and tax withholding. |
| 02/25/2031 | Expiration date of Non Qualified Stock Option (Right to Buy) at $43.81. |
| 02/24/2032 | Expiration date of Non Qualified Stock Option (Right to Buy) at $48.34. |
| 02/28/2033 | Expiration date of Non Qualified Stock Option (Right to Buy) at $54.46. |
| 02/27/2024 | Date of Form 4 filing. |
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