SF Insider Transaction: 15,000 Shares Sold; 32,919 Phantom Units Disclosed

Rhea-AI Filing Summary

David D. Sliney, Chief Operating Officer of Stifel Financial Corp. (SF), reported an insider sale on Form 4. The filing shows a disposition of 15,000 shares of Common Stock on 08/19/2025 at a price of $112.90 per share, leaving 156,043 shares beneficially owned after the transaction. The report also discloses 32,919 Phantom Stock Units held, which vest in 20% increments over five years and have no expiration date. The Form 4 was signed on 08/21/2025 and was filed by one reporting person.

Positive

• Clear disclosure of transaction date, price, and resulting beneficial ownership
• Detailed phantom unit information including vesting schedule and no expiration
• Form properly signed and filed by one reporting person, meeting filing formalities

Negative

• Insider sale of 15,000 shares reduced beneficial ownership
• No indication in the filing of a 10b5-1 plan or reason for the sale

Insights

Financial Analyst

TL;DR: Insider sale disclosed; routine transaction with clear post-sale ownership and phantom unit vesting details.

The Form 4 documents a straightforward sale of 15,000 common shares by the COO at $112.90 on 08/19/2025, leaving 156,043 shares beneficially owned. This filing provides explicit post-transaction holdings, helping investors assess insider liquidity and remaining exposure. The separate disclosure of 32,919 Phantom Stock Units and their vesting schedule clarifies future potential dilution or compensation-related issuance. No additional transactions, option exercises, or amendments are reported.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements and details compensation vesting; transaction appears routine.

The filing identifies the reporting person, role (Chief Operating Officer), and confirms a single reporting filer. It reports both the open-market sale and outstanding Phantom Stock Units with vesting terms (20% annually over five years) and no expiration, which is useful for governance transparency. The document contains no indication of planned trades under a Rule 10b5-1 plan or other atypical arrangements. The filing is complete for the disclosed items.

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^*

SLINEY DAVID D

(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 Operating 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		15,000	D	$112.9	156,043	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		32,919	D

Explanation of Responses:

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

2. No expiration date for these Units

	/s/ David Sliney	08/21/2025
	** 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 David D. Sliney report on Form 4 for Stifel Financial (SF)?

He reported a sale of 15,000 shares of Common Stock on 08/19/2025 at $112.90 per share and retains 156,043 shares beneficially owned.

How many Phantom Stock Units does the reporting person hold and what are the terms?

The filing shows 32,919 Phantom Stock Units that vest in 20% increments over five years and have no expiration date.

What is the reporting person's role at Stifel Financial?

The reporting person is identified as David D. Sliney, the Chief Operating Officer.

When was the Form 4 signed and filed?

The signature date on the Form 4 is 08/21/2025; the earliest reported transaction date is 08/19/2025.

Does the filing indicate a trading plan under Rule 10b5-1?

No. The filing does not indicate the transaction was made pursuant to a Rule 10b5-1 trading plan.