EVP, Chief Accounting Officer Dumlao Troy covered exercise/tax liability with 149 shares and converted options into 381 shares, increasing direct ownership by 3% to 7,087 units (SEC Form 4)
$EFSC
Major Banks
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ENTERPRISE FINANCIAL SERVICES CORP [ EFSC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/14/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 04/14/2025 | M | 381 | A | $0 | 7,236 | D | |||
| Common Stock | 04/14/2025 | F | 149(1) | D | $46.89 | 7,087 | D | |||
| Depository Shares(2) | 400 | D | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Non Qualified Stock Option (Right to Buy) | $43.81 | (3) | 02/25/2031 | Common Stock | 1,058 | 1,058 | D | ||||||||
| Non Qualified Stock Option (Right to Buy) | $48.34 | (4) | 02/24/2032 | Common Stock | 1,266 | 1,266 | D | ||||||||
| Non Qualified Stock Option (Right to Buy) | $54.46 | (5) | 02/28/2033 | Common Stock | 1,769 | 1,769 | D | ||||||||
| Non Qualified Stock Option (Right to Buy) | $39.5 | (6) | 02/28/2034 | Common Stock | 2,722 | 2,722 | D | ||||||||
| Non Qualified Stock Option (Right to Buy) | $57.17 | (7) | 03/04/2035 | Common Stock | 1,919 | 1,919 | D | ||||||||
| Restricted Share Units | (8) | (9) | (9) | Common Stock | 361 | 361 | D | ||||||||
| Restricted Share Units | (8) | (10) | (10) | Common Stock | 520 | 520 | D | ||||||||
| Restricted Share Units | (8) | (11) | (11) | Common Stock | 642 | 642 | D | ||||||||
| Restricted Share Units | (8) | 04/14/2025 | M | 381 | (12) | (12) | Common Stock | 381 | $0 | 380 | D | ||||
| Explanation of Responses: |
| 1. Withholding of stock to satisfy tax withholding obligation on issuance of common stock. |
| 2. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Depositary Shares were purchased in an underwritten public offering. |
| 3. The Options vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 25, 2024 |
| 4. The Options vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 24, 2025. |
| 5. This option becomes exercisable in the first quarter of 2026, subject to continued employment by the reporting person. |
| 6. This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person. |
| 7. The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person. |
| 8. The RSU's were granted pursuant to the Company's 2018 Stock Incentive Plan. Each RSU represents the right to receive one share of Common Stock, subject to adjustment as provided in the Grant Agreement. |
| 9. The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person. |
| 10. The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person. |
| 11. The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person. |
| 12. The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on April 14, 2026. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock. |
| /s/ Troy Dumlao | 04/16/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||