[Form 3] Stifel Financial Corp. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Hyatt Hotels Corporation (H) filed a Form 3 disclosing the initial beneficial ownership of newly designated insider Marc Jacheet, Executive Vice President & Group President-EAME. The filing, effective 07/01/2025 and submitted 07/08/2025, reports no previously held non-derivative shares but lists two equity-based awards granted under Hyatt’s Long-Term Incentive Plan:

• 2,454 Restricted Stock Units (RSUs) that begin vesting on 03/16/2026 in four equal annual tranches and convert 1-for-1 into Class A common shares upon vesting.
• 5,651 Stock Appreciation Rights (SARs) exercisable at $122.21 per share, vesting on the same four-year schedule and expiring 03/18/2035.

The disclosure is routine for a newly appointed Section 16 officer and does not reflect an open-market purchase or sale. It mainly confirms alignment of the executive’s compensation with shareholder value creation through equity-linked incentives.

Insights

Securities Analyst

TL;DR: Routine Form 3—new Hyatt EVP reports modest RSU & SAR holdings; neutral impact.

Form 3 filings merely establish baseline ownership for Section 16 insiders. Jacheet’s 2,454 RSUs and 5,651 SARs represent standard incentive grants for senior leadership and signal no directional view on Hyatt’s valuation. The awards vest over four years, encouraging retention and long-term performance alignment, but involve no cash outlay or immediate share issuance. There is no purchase, sale, or unexpected compensation element that would materially influence valuation or near-term trading dynamics. Overall impact on investors is neutral.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Rubulotta David

(Last) (First) (Middle)

787 7TH AVENUE

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/06/2025

3. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [ SF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Co-Head Fixed Inc Cap Mkts

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	(2)	Common Stock	10,901	$0	D

Explanation of Responses:

1. Units vest in 20% increments over a five year period.

2. No expiration date for these Units

	David Rubulotta	06/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Hyatt Hotels (H) report on Form 3?

The filing is not a transaction; it records Marc Jacheet’s initial ownership of 2,454 RSUs and 5,651 SARs as he becomes a Section 16 officer.

Who is the reporting person in Hyatt’s July 2025 Form 3?

The reporting person is Marc Jacheet, Executive Vice President & Group President-EAME.

When do the RSUs granted to Marc Jacheet at Hyatt vest?

The RSUs vest in four equal annual installments starting 03/16/2026.

What is the exercise price and expiry of the Hyatt SARs disclosed?

The 5,651 SARs have an exercise price of $122.21 and expire on 03/18/2035.

Does the Form 3 indicate any open-market buying or selling by the executive?

No. The filing only records equity awards; it shows no purchases or sales of Hyatt shares.