SF Insider Filing: Marischen Reports Sale and 31,171 Phantom Units

Rhea-AI Filing Summary

James M. Marischen, identified as Chief Financial Officer and a director/officer of Stifel Financial Corp. (SF), reported a sale of 5,000 shares of Stifel common stock on 08/19/2025 at a reported price of $112.90 per share. After that transaction the reporting person beneficially owned 63,846 shares directly. The filing also discloses 31,171 phantom stock units held beneficially, which vest in 20% increments over five years and have no expiration date. The Form 4 was signed on 08/22/2025. The filing contains only the transactions and unit vesting terms listed and no additional commentary or explanations.

Insights

Securities Analyst

TL;DR: Routine insider sale by the CFO; holdings remain material and long-term compensation consists of phantom units vesting over five years.

The Form 4 documents a single open-market sale of 5,000 common shares at $112.90 on 08/19/2025, reducing the reporting person's direct holdings to 63,846 shares. The presence of 31,171 phantom stock units, vesting at 20% per year over five years with no expiration, indicates a multi-year retention/compensation element. This disclosure is standard for executive compensation and insider trading reporting and contains no additional information about intent, plan transactions, or changes to compensation policies.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported transactions; the phantom unit vesting schedule signals typical retention mechanics.

The filing clearly identifies the reporting person, relationship to the issuer, the date and price of the disposition, and the post-transaction beneficial ownership. The phantom stock units are disclosed with vesting and expiration details, satisfying common transparency expectations for executive equity compensation. There are no amendments, no 10b5-1 plan indication, and no other governance actions reported in this Form 4.

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
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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^*

Marischen James M

(Last) (First) (Middle)

501 NORTH BROADWAY

(Street)

ST. LOUIS MO 63102

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		D		5,000	D	$112.9	63,846	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	$0							(1)	(2)	Common Stock	0		31,171	D

Explanation of Responses:

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

2. No expiration date for these Units

	/s/ James Marischen	08/22/2025
	** 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.

FAQ

What did Stifel (SF) CFO James Marischen report on Form 4?

The Form 4 reports a sale of 5,000 common shares on 08/19/2025 at $112.90 per share and shows post-transaction direct ownership of 63,846 shares.

How many phantom stock units does James Marischen hold per the filing?

The filing discloses 31,171 phantom stock units beneficially owned, which vest in 20% increments over five years and have no expiration date.

Did the Form 4 indicate a 10b5-1 trading plan or amendment?

No. The filing does not indicate that the transaction was made pursuant to a 10b5-1 plan and contains no amendment date beyond the signature date of 08/22/2025.

What is the reporting date and signature date on the Form 4?

The earliest transaction date reported is 08/19/2025 and the Form 4 is signed by James Marischen on 08/22/2025.

Does the Form 4 disclose any other changes to compensation or governance?

No. The Form 4 only discloses the share disposition and the phantom stock unit holdings with vesting terms; it contains no other compensation or governance changes.