Stifel Financial (NYSE: SF) executive converts phantom units and withholds shares

Rhea-AI Filing Summary

Stifel Financial Corp executive Charles Bradford Raymond reported routine equity compensation activity involving company stock. On January 13, 2026, 20,927 Phantom Stock Units were converted into 20,927 shares of Stifel common stock at an exercise price of $0, increasing his directly held common shares to 53,482 immediately after the conversion.

On the same date, 10,456 shares of common stock were disposed of at $125.22 per share in a transaction coded "F," which typically reflects share withholding to cover taxes on equity awards. After this withholding, Raymond directly held 43,026 shares of Stifel common stock. He also directly held 38,259 Phantom Stock Units, which the filing notes are currently exercisable and have no expiration date.

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^*

Raymond Charles Bradford

(Last) (First) (Middle)

787 7TH AVENUE

(Street)

NEW YORK NY

(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
	Officer (give title below)	X	Other (specify below)
			Co-Head Global Instl Eqty Adv

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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	01/13/2026		M		20,927	A	$0	53,482	D
Common Stock	01/13/2026		F		10,456	D	$125.22	43,026	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 Unit	$0	01/13/2026		M			20,927	(1)	(2)	Common Stock	20,927	$0	38,259	D

Explanation of Responses:

1. Currently exercisable.

2. No expiration date for these Units

	/s/ Charles Bradford Raymond	01/15/2026
	** 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).
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FAQ

What insider stock transactions did SF executive Charles Bradford Raymond report?

Charles Bradford Raymond reported that on January 13, 2026, 20,927 Phantom Stock Units were converted into 20,927 shares of Stifel Financial common stock at an exercise price of $0. He then reported the disposal of 10,456 shares of common stock at $125.22 per share in a transaction coded "F," with 43,026 common shares held directly after these transactions.

How many SF common shares does Charles Bradford Raymond hold after the reported Form 4 transactions?

Following the reported transactions on January 13, 2026, Charles Bradford Raymond directly held 43,026 shares of Stifel Financial common stock.

What happened to the Phantom Stock Units reported by SF executive Charles Bradford Raymond?

On January 13, 2026, 20,927 Phantom Stock Units were converted into 20,927 shares of Stifel common stock at an exercise price of $0. After this transaction, he reported holding 38,259 Phantom Stock Units, which are described as currently exercisable with no expiration date.

What does the transaction code "F" mean in the SF Form 4 filing?

In this filing, the transaction code "F" is used for the disposal of 10,456 shares of common stock at $125.22 per share. Code F typically indicates shares withheld to satisfy tax obligations associated with equity compensation.

What is Charles Bradford Raymond’s role at Stifel Financial Corp (SF)?

The filing identifies Charles Bradford Raymond as an "Other" reporting person with the title Co-Head Global Instl Eqty Adv, indicating a senior leadership role in global institutional equity advisory at Stifel Financial Corp.

Are the Phantom Stock Units in the SF Form 4 currently exercisable and do they expire?

The footnotes state that the Phantom Stock Units reported for Charles Bradford Raymond are currently exercisable and that there is no expiration date for these units.