Stifel Financial (NYSE: SF) director awarded 2,450 phantom stock units

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BROWN MICHAEL W reported acquisition or exercise transactions in this Form 4 filing.

STIFEL FINANCIAL CORP director Michael W. Brown reported a compensation-related grant of 2,450 Phantom Stock Units. These units were awarded on June 9, 2026 at a reference price of $71.40 per unit and are tied to the company’s common stock.

The Phantom Stock Units vest quarterly over a one-year period, providing Brown with equity-based incentives over time, and the footnotes state there is no expiration date for these units. Following the reported transactions, Brown directly holds 103,264 shares of common stock, giving context for his existing ownership stake alongside the new award.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BROWN MICHAEL W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	2,450	$71.40	$175K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 2,450 shares (Direct, null); Common Stock — 103,264 shares (Direct, null)

Footnotes (1)

Units vest quarterly over a one year period. No expiration date for these Units

Key Figures

Phantom Stock Units granted: 2,450 units Reference price per Phantom Stock Unit: $71.40 per unit Underlying common stock for units: 2,450 shares +3 more

6 metrics

Phantom Stock Units granted 2,450 units Grant to director on June 9, 2026

Reference price per Phantom Stock Unit $71.40 per unit Grant valuation for Phantom Stock Units

Underlying common stock for units 2,450 shares Common shares underlying Phantom Stock Units

Common shares held after filing 103,264 shares Direct holdings following reported transactions

Vesting schedule Quarterly over one year Phantom Stock Units vesting terms from footnote

Expiration for units No expiration date Phantom Stock Units have no stated expiration

Key Terms

Phantom Stock Units, vest quarterly over a one year period, underlying security, grant, award, or other acquisition

4 terms

Phantom Stock Units financial

"The filing reports a grant of 2,450 Phantom Stock Units to the director."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

vest quarterly over a one year period financial

"Units vest quarterly over a one year period."

underlying security financial

"The underlying security title is Common Stock with 2,450 underlying shares."

grant, award, or other acquisition financial

"The transaction code description states Grant, award, or other acquisition."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/11/2026 - 04:29 PM

SEC Form 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

BROWN MICHAEL W

(Last)

(First)

(Middle)

501 NORTH BROADWAY

(Street)

ST. LOUIS

MISSOURI

63102

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								103,264	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	$0	06/09/2026		A		2,450		⁽¹⁾	⁽²⁾	Common Stock	2,450	$71.4	2,450	D

Explanation of Responses:

1. Units vest quarterly over a one year period.

2. No expiration date for these Units

	/s/ Michael Brown	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did STIFEL FINANCIAL CORP director Michael W. Brown report on this Form 4 for SF?

Michael W. Brown reported receiving 2,450 Phantom Stock Units as a compensation-related grant. The award is tied to STIFEL FINANCIAL CORP common stock and reflects an equity-based incentive rather than an open-market stock purchase or sale.

How many Phantom Stock Units did Michael W. Brown receive from STIFEL FINANCIAL CORP?

He received 2,450 Phantom Stock Units. Each unit is referenced at $71.40 and is linked to an equivalent number of STIFEL FINANCIAL CORP common shares, giving him additional equity-based exposure to the company’s stock over time.

How do Michael W. Brown’s Phantom Stock Units for SF vest?

The 2,450 Phantom Stock Units vest quarterly over a one-year period. This means portions of the award become earned at regular intervals, aligning his compensation more closely with STIFEL FINANCIAL CORP’s ongoing performance throughout the vesting year.

Do Michael W. Brown’s Phantom Stock Units in STIFEL FINANCIAL CORP have an expiration date?

The footnotes state there is no expiration date for these Phantom Stock Units. They remain outstanding subject to their vesting terms and are designed to mirror the value of STIFEL FINANCIAL CORP common stock over time.

How many STIFEL FINANCIAL CORP common shares does Michael W. Brown hold after this Form 4?

After the reported transactions, he directly holds 103,264 shares of STIFEL FINANCIAL CORP common stock. This position provides a substantial existing equity stake, in addition to the newly granted 2,450 Phantom Stock Units tied to common shares.

Was there any open-market buying or selling of SF shares by Michael W. Brown in this filing?

No open-market purchases or sales were reported. The filing shows a grant of 2,450 Phantom Stock Units and a holding entry for 103,264 common shares, indicating compensation-related activity rather than trading in STIFEL FINANCIAL CORP stock.