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Peter F. Benoist served as the CEO of Enterprise Financial Services Corporation from 2008 until his retirement in 2016. He has a background in finance, leading the company through various challenges during his tenure. Notably, Benoist extended his employment contract...

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Peter F. Benoist

CEO of Enterprise Financial Services

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

CEO of Enterprise Financial Services for

16 years 11 months (May 2008 - Present)

Previous Experience

Executive Vice President and Chairman of the Board of Directors of the Company, as well as Chief Executive Officer of Enterprise Bank & Trust.

Holdings

See how much did Peter F. Benoist make over time.

Peter F. Benoist's holdings in Enterprise Financial Services Corporation reflected both his commitment and investment in the company's success. His peak compensation reached over $1 million in 2016, a notable increase from earlier years, highlighting a consistent rise in value...

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Insider Trading

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Compensation History

See how much did Peter F. Benoist make over time.

Peter F. Benoist's compensation over the years reflects a strategic approach to executive pay. In his final year, 2016, he earned a total of $1,128,128, a culmination of a competitive salary, bonuses, and vested stock. His salary alone was $516,375, while a retention bonus of $260,015 was contingent on his continued employment, indicating that the company valued his leadership. He also saw a significant amount of vested stocks valued at $1,147,713, which underlines a performance-driven model. For earlier years, Benoist's total compensation varied, with a total of $1,219,453 in 2014, which included a notable retention bonus meant to keep him motivated during a time of transition. His compensation throughout the years adhered to a philosophy of rewarding performance and aligning his interests with those of shareholders. This practice ensured he maintained a vested interest in the company's success while navigating through varying market landscapes.

Year

2016

Total Compensation

$2.02M

Salary

$516.38K

Board Justification

The compensation philosophy is to provide competitive compensation that rewards executives for performance and management of risk, aligning with measurable business results and stockholder value.

Bonus

$260.02K

Board Justification

The annual incentive for the year of his retirement under the Company's annual incentive plan as if he had remained an employee to the end of the year.

Other

$92.39K

Board Justification

Includes various benefits provided to the Named Executive Officer, such as 401(k) match, car allowance, club dues, life insurance, and other cash bonuses.

Restricted Stock

$1.15M(259.35K RSU)

Board Justification

The stock that vested in 2016 includes performance contingent grants of stock that were awarded based on the achievement of performance goals during the applicable performance period.

Performance Metrics

The performance metrics include earnings per share, core deposits, and core fee income, which determine the compensation for the CEO.

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