Bridget Huffman
About Bridget Huffman
Bridget Huffman is Senior Executive Vice President and Chief Risk Officer of Enterprise Financial Services Corp (EFSC) and Enterprise Bank & Trust, serving as SEVP, CRO since May 2023 after previously holding the EVP, CRO role from November 2022 to April 2023 . She is 43 years old with ~14 years at the company as of 2Q25, reflecting deep internal experience across risk, finance, reporting, and internal audit . EFSC’s 2024 performance context under her CRO tenure included record operating revenue of $638 million, EPS of $4.83, adjusted ROATCE of 13.71%, loan growth of 3%, deposits up 8%, and nonperforming assets to total assets of 0.30% .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| EFSC / Enterprise Bank & Trust | SEVP, Chief Risk Officer | Since May 2023 | Enterprise risk oversight and governance |
| Enterprise Bank & Trust | EVP, Chief Risk Officer | Nov 2022 – Apr 2023 | Enterprise risk oversight and governance |
| Enterprise Bank & Trust | SVP, Enterprise Risk Management | Aug 2020 – Nov 2022 | Risk management framework and processes |
| Enterprise Bank & Trust | SVP, Finance and Corporate Development | Apr 2019 – Aug 2020 | Finance and strategic corporate development |
| EFSC | SVP, Financial and Regulatory Reporting | Apr 2017 – Apr 2019 | Financial reporting and regulatory compliance |
| Enterprise Bank & Trust | SVP, Manager of Internal Controls | Apr 2015 – Feb 2017 | Internal control design and monitoring |
| Enterprise Bank & Trust | VP, Internal Audit Manager | Nov 2010 – Apr 2015 | Internal audit and assurance |
External Roles
No additional public-company board roles or external directorships are disclosed in EFSC’s proxy statements or executive officer listings .
Fixed Compensation
- EFSC’s disclosed executive compensation program consists of base salary, short-term annual incentives (STIP), and long-term equity incentives, plus modest perquisites; specific dollar amounts are disclosed for Named Executive Officers (NEOs) only . Bridget Huffman was not named as a 2024 NEO in the proxy, so her base salary, target bonus %, and actual bonus paid are not disclosed .
Performance Compensation
EFSC applies common STIP metrics across NEOs and senior management (including CRO-level leadership). 2024 STIP metrics, weightings, thresholds, targets, and actuals:
| Metric | Weight @ Target | Threshold | Target | Exceptional | Actual (FY 2024) |
|---|---|---|---|---|---|
| EPS ($) | 40% | $3.20 | $4.18 | $4.78 | $4.94 (adjusted) |
| Loan growth ($000s) | 10% | $327,000 | $544,000 | $762,000 | $336,237 |
| ROATCE (%) | 20% | 10.20% | 12.20% | 13.60% | 13.89% (adjusted) |
| Nonperforming assets / total assets (%) | 15% | 1.00% | 0.50% | 0.25% | 0.30% |
| Leadership rating (1–4) | 15% | 2 | 3 | 4 | Assigned per individual; NEO examples provided |
Notes:
- Actual EPS and ROATCE were adjusted to exclude $4.9 million core system conversion expenses and $0.6 million FDIC special assessment .
- Individual payout details for Bridget Huffman are not disclosed; NEO payouts ranged 137–139% of target for 2024 .
Long-Term Incentive Plan (framework for NEOs):
- Mix: 60% performance-based RSUs, 25% non-qualified stock options, 15% time-based RSUs .
Equity Ownership & Alignment
Beneficial ownership snapshots and changes (common stock and derivatives):
| Date | Common Stock (Direct) | ESPP acquisition | Source |
|---|---|---|---|
| 05/12/2023 (Form 3) | 4,193 shares | — | |
| 12/31/2024 (Form 5) | 5,456 shares | 161 shares at $34.10 (85% of closing price via ESPP) |
Outstanding options and RSUs (as of 12/31/2024 Form 5):
| Instrument | Shares | Exercise price | Expiration | Vesting/exercisability |
|---|---|---|---|---|
| Non-Qualified Stock Option | 3,791 | $39.50 | 02/28/2034 | Becomes exercisable in 1Q 2027, subject to continued employment |
| Non-Qualified Stock Option | 816 | $43.81 | 02/25/2031 | 33% annually over 3 years; final vest 02/25/2024 |
| Non-Qualified Stock Option | 737 | $48.34 | 02/24/2032 | 33% annually over 3 years; final vest 02/24/2025 |
| Non-Qualified Stock Option | 1,668 | $54.46 | 02/28/2033 | Becomes exercisable in 1Q 2026 |
| RSUs | 724 | — | — | 100% vest in 1Q 2027 |
| RSUs | 213 | — | — | 33% annually; final vest 02/24/2025 |
| RSUs | 341 | — | — | 100% vest in 1Q 2026 |
| RSUs | 761 | — | — | 33% annually; final vest 04/14/2026 |
Historical derivative and RSU disclosure (Form 3 grant inventory):
- Options: 816 at $43.81 (2031), 737 at $48.34 (2032), 1,668 at $54.46 (2033) .
- RSUs: 254 (final vest 02/25/2024), 426 (final vest 02/24/2025), 341 (100% vest 1Q 2026), 1,142 (final vest 04/14/2026) .
Policies and alignment:
- Insider Trading Policy prohibits hedging and restricts pledging for directors and officers; hedging transactions (puts, calls, swaps, forwards, etc.) are prohibited .
- Stock ownership guidelines require executives and directors to own specified amounts within five years; NEO targets are 2x base salary (CEO: 5x) . Compliance status for Bridget Huffman is not disclosed.
- Clawback policy permits recovery of incentive compensation upon restatements due to materially inaccurate financial information .
Employment Terms
- EFSC discloses double-trigger change-in-control severance for certain NEOs via employment agreements; examples include Mr. Lally, Mr. Goodman, and Mr. Bauche with defined multiples and benefits, and no 280G/4999 tax gross-ups .
- No specific employment agreement, severance or change-in-control terms for Bridget Huffman are disclosed in the 2025 proxy; she is not listed among the 2024 NEOs with agreements .
- Corporate Code of Ethics and Insider Trading Policy apply to executive officers .
Investment Implications
- Near-term vesting supply: RSU tranches scheduled to vest include 341 shares in 1Q 2026, 761 shares with final vest by 04/14/2026, and 724 shares in 1Q 2027, which can create discretionary liquidity events around those dates .
- Option exercise windows: Options become exercisable in 1Q 2026 (1,668 shares at $54.46) and 1Q 2027 (3,791 shares at $39.50), with expirations in 2033 and 2034, respectively—potential future exercise-related trading activity depends on market conditions at those times .
- Alignment signals: Direct ownership increased to 5,456 shares by FY2024, and ESPP participation (161 shares acquired at $34.10) indicates ongoing accumulation and alignment with shareholder outcomes; anti-hedging and pledging restrictions reduce misalignment risks .
- Performance backdrop: As CRO through 2024, EFSC maintained nonperforming assets at 0.30% and delivered strong adjusted ROATCE and record operating revenue, supporting the firm’s pay-for-performance framework even though her individual STIP/LTIP payouts are not disclosed .