Form 4: Enterprise Financial Services Corp Executive Reports Stock Transactions
SEC Form 4 Filing
Bridget Huffman, SEVP and Chief Risk Officer of Enterprise Financial Services Corp, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On April 14, 2024, Bridget Huffman, SEVP, Chief Risk Officer of Enterprise Financial Services Corp, had restricted stock units (RSUs) vest.
- 381 shares of common stock were acquired upon vesting of the RSUs.
- 112 shares were disposed of to satisfy tax withholding obligations at a price of $38.3 per share.
- Following these transactions, Huffman directly owns 5,056 shares of Enterprise Financial Services Corp common stock.
- Huffman also holds non-qualified stock options and additional RSUs that vest over time, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Future Outlook
The reporting person holds additional stock options and RSUs that will vest in the future, contingent upon continued employment with the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
- The vesting of RSUs incentivizes the executive to remain with the company.
Key Dates
| Date | Description |
|---|---|
| 02/25/2031 | Expiration date for Non Qualified Stock Option (Right to Buy) at $43.81 |
| 02/24/2025 | Final vesting date for RSUs vesting at a rate of 33% annually |
| 02/24/2032 | Expiration date for Non Qualified Stock Option (Right to Buy) at $48.34 |
| 02/28/2033 | Expiration date for Non Qualified Stock Option (Right to Buy) at $54.46 |
| 02/28/2034 | Expiration date for Non Qualified Stock Option (Right to Buy) at $39.5 |
| 04/14/2024 | Date of RSU vesting and tax withholding. |
| 04/15/2024 | Date of Form 4 filing. |
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