Stifel Financial GC exercises phantom units, covers taxes
Stifel Financial Corp reports that Senior VP & General Counsel Mark P. Fisher exercised 11,335 Phantom Stock Units into an equal number of Common Stock shares on 2026-01-13.
Rhea-AI Filing Summary
Stifel Financial Corp reports that Senior VP & General Counsel Mark P. Fisher exercised 11,335 Phantom Stock Units into an equal number of Common Stock shares on 2026-01-13. A related transaction shows 6,695 Common Stock shares disposed of in a tax-withholding disposition at $125.2200 per share.
The filing notes these Phantom Stock Units are currently exercisable with no expiration date. Following the reported transactions, Fisher directly holds 50,239 shares of Common Stock and 18,779 Phantom Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,335 shares exercised/converted
Exercise
3 txns
Insider
Fisher Mark P
Role
Senior VP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Units | 11,335 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,335 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,695 | $125.22 | $838K |
Holdings After Transaction:
Phantom Stock Units — 18,779 contracts (Direct);
Common Stock — 50,239 shares (Direct)
Footnotes (2)
- F1. Currently exercisable.
- F2. No expiration date for these Units
Key Figures
Phantom units exercised: 11,335 units
Shares withheld for taxes: 6,695 shares
Tax withholding price: $125.2200 per share
+2 more
5 metrics
Phantom units exercised
11,335 units
Exercise or conversion of Phantom Stock Units into Common Stock on 2026-01-13
Shares withheld for taxes
6,695 shares
Common Stock used in tax-withholding disposition related to equity exercise
Tax withholding price
$125.2200 per share
Per-share value for tax-withholding disposition of Common Stock
Post-transaction Common Stock holdings
50,239 shares
Direct Common Stock holdings after reported transactions
Phantom Stock Units remaining
18,779 units
Phantom Stock Units shown as held following the derivative transaction
Key Terms
Phantom Stock Units, tax-withholding disposition, derivative security
3 terms
Phantom Stock Units financial
"security_title 'Phantom Stock Units' related to derivative exercise"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
tax-withholding disposition financial
"transaction_action 'tax-withholding disposition' of Common Stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description 'Exercise or conversion of derivative security'"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did SF's General Counsel Mark P. Fisher report in this Form 4?
Mark P. Fisher reported exercising 11,335 Phantom Stock Units into Common Stock and a related tax-withholding disposition of 6,695 Common Stock shares. These transactions adjusted his equity-based compensation holdings without indicating an open-market purchase or sale.
How many Phantom Stock Units did Mark P. Fisher exercise at SF?
He exercised 11,335 Phantom Stock Units into an equal number of Common Stock shares on 2026-01-13. This reflects the conversion of derivative equity awards into stock as part of his compensation, rather than a cash purchase on the open market.
What are Mark P. Fisher's SF Common Stock holdings after these transactions?
After the reported transactions, Mark P. Fisher directly holds 50,239 shares of Common Stock. This post-transaction balance reflects his remaining direct equity position in Stifel Financial Corp, as reported in the Form 4’s canonical holdings section.
Do the SF Phantom Stock Units reported for Mark P. Fisher have an expiration date?
The filing notes the Phantom Stock Units are currently exercisable and have no expiration date. This means the units can be converted into Common Stock without a stated time limit, subject to the company’s equity compensation plan terms.
Were Mark P. Fisher’s SF transactions market purchases or sales of stock?
The transactions involve a derivative exercise/conversion and a tax-withholding disposition, not open-market buys or sells. Shares were issued from Phantom Stock Units and some surrendered for taxes, typical of equity compensation events.
AI-generated analysis. How Rhea-AI works. Not financial advice.
