Stifel Financial (NYSE: SF) insider exercises units, withholds shares

Rhea-AI Filing Summary

Stifel Financial Corp insider Brantley McDuffie, Co Head FI Capital Markets, reported activity in common stock and phantom stock units on January 13, 2026. He exercised 2,094 phantom stock units at $0 into an equal number of common shares, leaving 4,921 phantom stock units beneficially owned. On the same date, 840 common shares were disposed of at $125.22, described as an F-code transaction typically used for tax withholding, resulting in 1,254 common shares held directly after the transactions. The phantom stock units are noted as currently exercisable with 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

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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^*

McDuffie Brantley

(Last) (First) (Middle)

800 SHADES CREEK PARKWAY

(Street)

BIRMINGHAM AL 35209

(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 FI Capital Markets

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		2,094	A	$0	2,094	D
Common Stock	01/13/2026		F		840	D	$125.22	1,254	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	01/13/2026		M			2,094	(1)	(2)	Common Stock	2,094	$0	4,921	D

Explanation of Responses:

1. Currently exercisable.

2. No expiration date for these Units

	/s/ Brantley McDuffie	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).
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

Who is the insider in Stifel Financial Corp (SF) involved in this Form 4?

The insider is Brantley McDuffie, who is reported as Co Head FI Capital Markets at Stifel Financial Corp.

What derivative securities did Brantley McDuffie exercise at Stifel Financial Corp (SF)?

He exercised 2,094 phantom stock units at an exercise price of $0, converting them into 2,094 shares of common stock.

How many Stifel Financial Corp (SF) phantom stock units does the insider hold after the transaction?

Following the reported transaction, Brantley McDuffie beneficially owns 4,921 phantom stock units.

What common stock transactions did the Stifel Financial Corp (SF) insider report?

On January 13, 2026, he acquired 2,094 common shares via an M-code transaction at $0, and disposed of 840 common shares in an F-code transaction at $125.22 per share.

How many Stifel Financial Corp (SF) common shares does the insider own after these transactions?

After the reported transactions, Brantley McDuffie directly owns 1,254 shares of Stifel Financial Corp common stock.

What do the footnotes say about the Stifel Financial Corp (SF) phantom stock units?

The footnotes state that the phantom stock units are currently exercisable and that there is no expiration date for these units.