EFSC.NASDAQEnterprise Financial Services CORP

Form 4: Enterprise Financial Services Corp: SEVP, Chief Risk Officer Reports Stock Transactions

Sentiment:

SEC Form 4

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Bridget Huffman, SEVP, Chief Risk Officer of Enterprise Financial Services Corp, reports acquisition and disposal of common stock and vesting of restricted stock units.

Summary

  • On February 24, 2025, Bridget Huffman, SEVP, Chief Risk Officer of Enterprise Financial Services Corp, reported transactions involving the company's common stock.
  • Huffman acquired 213 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $0.
  • Simultaneously, 90 shares were disposed of at $58.12 to satisfy tax withholding obligations.
  • Following these transactions, Huffman directly owns 5,579 shares of Enterprise Financial Services Corp.
  • Huffman also holds options to buy common stock at various prices and vesting schedules, as well as additional restricted share units that vest over time, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.

Key Dates

DateDescription
02/25/2024Anniversary date of the grant each year, with final vest occurring on February 25, 2024 for Options vesting at a rate of 33% annually over three years.
02/24/2025Date of earliest transaction; Anniversary date of the grant each year, with final vest occurring on February 24, 2025 for Options vesting at a rate of 33% annually over three years; RSUs vest at a rate of 33% annually over three years.
02/24/2025Transaction Date
02/26/2025Date of signature.
04/14/2026Vesting occurs on the anniversary date of the grant each year, with final vest occurring on April 14, 2026 for RSUs vesting at a rate of 33% annually over three years.
First quarter of 2026The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
First quarter of 2026This option becomes exercisable in the first quarter of 2026, subject to continued employment by the reporting person.
First quarter of 2027This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
First quarter of 2027The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
02/25/2031Expiration date for Non Qualified Stock Option (Right to Buy) at $43.81.
02/24/2032Expiration date for Non Qualified Stock Option (Right to Buy) at $48.34.
02/28/2033Expiration date for Non Qualified Stock Option (Right to Buy) at $54.46.
02/28/2034Expiration date for Non Qualified Stock Option (Right to Buy) at $39.5.

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