[Form 4] Stifel Financial Corp. Insider Trading Activity

Rhea-AI Filing Summary

Raymond Charles Bradford, Co-Head Global Institutional Equity Advisory and an officer of Stifel Financial Corp. (SF), reported a sale of 10,000 shares of Stifel common stock on 08/19/2025 at a price of $112.90 per share. After the transaction he beneficially owned 32,555 shares. The filing also reports 59,186 phantom stock units held indirectly, which vest in 20% increments over five years and carry no expiration date. The Form 4 was signed on 08/21/2025.

Positive

• Disclosure completeness: Form 4 includes transaction date, price, post-transaction holdings, and signature
• Long-term alignment: 59,186 phantom stock units vesting 20% annually over five years indicate multi-year retention incentives

Negative

• Insider sale: Disposition of 10,000 shares reduces direct ownership, which some investors may view as less favorable

Insights

Financial Analyst

TL;DR: Officer executed a routine sale of 10,000 shares, reducing direct holdings to 32,555 shares; phantom units remain subject to multi-year vesting.

The reported transaction is a direct disposition of 10,000 shares at $112.90 each, a clear sale by an insider rather than an acquisition or derivative exercise. Post-transaction direct beneficial ownership is 32,555 shares, while 59,186 phantom stock units are held indirectly and vest over five years in 20% increments. There is no indication in the filing of derivative exercises, pledge events, or plan-based automated trading; the form marks a single reporting person filing. For investors, this is a straightforward insider sale disclosure without further financial metrics in the Form 4.

Corporate Governance Expert

TL;DR: The filing documents a standard Section 16 sale by an officer and discloses long-term incentive alignment via phantom units with staggered vesting.

The reporting person is identified as an officer and Co-Head of Global Institutional Equity Advisory, and the Form 4 properly reports a direct sale and ongoing indirect holdings via phantom stock units. The phantom units have no expiration and vest 20% annually over five years, which aligns the executive with multi-year performance retention. The filing appears complete for the disclosed transactions and includes a manual signature dated 08/21/2025. No governance red flags such as undisclosed related-party transfers or immediate derivative conversions are present in this document.

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^*

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)
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		10,000	D	$112.9	32,555	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							(1)	(2)	Common Stock	0		59,186	D

Explanation of Responses:

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

2. No expiration date for these Units

	/s/ Charles Bradford Raymond	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 Raymond C. Bradford report on the Form 4 for Stifel Financial (SF)?

He reported a sale of 10,000 shares on 08/19/2025 at $112.90 per share and beneficial ownership of 32,555 shares after the sale.

How many phantom stock units does the reporting person hold and what are the vesting terms?

He holds 59,186 phantom stock units held indirectly, which vest in 20% increments over five years and have no expiration date.

What is the reporting person’s role at Stifel Financial noted on the Form 4?

The Form 4 lists him as an Officer with the title Co-Head Global Institutional Equity Advisory.

When was the Form 4 signed and filed?

The document shows a signature dated 08/21/2025 for the reported transactions occurring on 08/19/2025.

Does the Form 4 show any derivative transactions or exercises?

No derivative exercises are reported; the Form 4 discloses a direct sale and indirect phantom stock unit holdings only.