Jefferies (JEF) EVP and General Counsel receives 746 deferred stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jefferies Financial Group Inc. executive Michael J. Sharp, EVP and General Counsel, acquired 746 shares of common stock through a grant of deferred shares at $52.72 per share, treated as a dividend reinvestment exempt under Rule 16b-3(d)(1) and (2). After this award, he directly holds 167,663 common shares, plus 5 additional shares held indirectly through a profit sharing plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sharp Michael J.
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 746 | $52.72 | $39K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 167,663 shares (Direct, null);
Common Stock — 5 shares (Indirect, By Trustee of Profit Sharing Plan)
Footnotes (1)
- [object Object]
Key Figures
Deferred shares granted: 746 shares
Recorded grant price: $52.72/share
Direct holdings after grant: 167,663 shares
+2 more
5 metrics
Deferred shares granted
746 shares
Common Stock grant coded A on May 29, 2026
Recorded grant price
$52.72/share
Price for deferred share dividend reinvestment
Direct holdings after grant
167,663 shares
Common Stock held directly after Form 4 transactions
Indirect holdings after grant
5 shares
Held by trustee of profit sharing plan
Rule exemption cited
Rule 16b-3(d)(1) & (2)
Applies to deferred share dividend reinvestment
Key Terms
deferred shares, dividend reinvestment, Rule 16b-3(d)(1) & (2), Profit Sharing Plan
4 terms
dividend reinvestment financial
"Acquisition of deferred shares as a dividend reinvestment in a transaction exempt under Rule 16b-3(d)(1) & (2)"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Rule 16b-3(d)(1) & (2) regulatory
"transaction exempt under Rule 16b-3(d)(1) & (2) under the Securities Exchange Act of 1934"
Profit Sharing Plan financial
"By Trustee of Profit Sharing Plan"
FAQ
What insider transaction did Jefferies (JEF) report for Michael J. Sharp?
Jefferies reported that EVP and General Counsel Michael J. Sharp received 746 deferred common shares as a grant. The shares were acquired via dividend reinvestment and are exempt under Rule 16b-3(d)(1) and (2), reflecting compensation-related equity rather than an open-market purchase.
Was Michael J. Sharp’s Jefferies (JEF) transaction an open-market buy or a compensation grant?
The filing shows a compensation-related acquisition, not an open-market buy. Sharp received 746 deferred shares through dividend reinvestment, coded as an “A” grant and described as exempt under Rule 16b-3(d)(1) and (2) of the Securities Exchange Act of 1934.
What does Rule 16b-3(d)(1) and (2) mean for this Jefferies (JEF) insider transaction?
Rule 16b-3(d)(1) and (2) provides an exemption from short-swing profit rules for certain insider equity awards. In this case, it covers Michael J. Sharp’s 746-share deferred dividend reinvestment, clarifying that the transaction is a permitted, compensation-related grant rather than speculative trading activity.