Stifel director exercises 2,812 phantom stock units

STIFEL FINANCIAL CORP director Maura A. Markus exercised phantom equity into common shares.

Rhea-AI Filing Summary

STIFEL FINANCIAL CORP director Maura A. Markus exercised phantom equity into common shares. On June 4, 2026, she converted 2,812 Phantom Stock Units into 2,812 shares of Common Stock at a stated price of $0.00 per share.

Following the exercise, her direct Common Stock holdings increased to 44,688 shares, and the Phantom Stock Units position related to this award was reduced to zero. A footnote states that this total has been adjusted for a 3-for-2 stock split payable on February 26, 2026.

Insider Trade Summary

2,812 shares exercised/converted

Exercise 2 txns

Insider Markus Maura A.

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	2,812	$0.00	$0.00
Exercise	Common Stock	2,812	$0.00	$0.00

Holdings After Transaction: Phantom Stock Units — 0 contracts (Direct); Common Stock — 44,688 shares (Direct)

Footnotes (3)

1. F1. This total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026.
2. F2. Currently exercisable.
3. F3. No expiration date for these Units

Key Figures

Phantom units exercised: 2,812 units Common shares acquired: 2,812 shares Shares held after transaction: 44,688 shares +2 more

5 metrics

Phantom units exercised 2,812 units Phantom Stock Units converted to Common Stock on June 4, 2026

Common shares acquired 2,812 shares Common Stock received from phantom unit exercise

Shares held after transaction 44,688 shares Total direct Common Stock holdings after June 4, 2026 exercise

Exercise price per share $0.00 per share Stated price for phantom unit conversion into Common Stock

Stock split ratio 3-for-2 split Payable on February 26, 2026; holdings reported on post-split basis

Key Terms

Phantom Stock Units, 3-for-2 stock split, Common Stock, Exercise or conversion of derivative security

4 terms

Phantom Stock Units financial

"The filing lists a derivative transaction in "Phantom Stock Units" that converts into Common Stock."

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.

3-for-2 stock split financial

"A footnote states the total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026."

Common Stock financial

"Following the exercise, direct holdings of "Common Stock" increased to 44,688 shares."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Exercise or conversion of derivative security financial

"The transaction code description is "Exercise or conversion of derivative security" for the phantom unit award."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did STIFEL FINANCIAL CORP (SF) report for Maura A. Markus?

STIFEL FINANCIAL CORP reported that director Maura A. Markus exercised 2,812 Phantom Stock Units into 2,812 shares of Common Stock. This was a derivative exercise at a stated price of $0.00 per share, increasing her direct ownership stake in the company.

How many STIFEL FINANCIAL (SF) shares does Maura A. Markus hold after this Form 4?

After the reported transaction, Maura A. Markus directly holds 44,688 shares of STIFEL FINANCIAL CORP Common Stock. This figure reflects the addition of 2,812 shares from exercised Phantom Stock Units and includes an adjustment for the 3-for-2 stock split payable on February 26, 2026.

Were any STIFEL FINANCIAL (SF) shares sold in this Form 4 transaction?

No, the Form 4 shows no sales of STIFEL FINANCIAL CORP shares by Maura A. Markus. The only activity was exercising 2,812 Phantom Stock Units into 2,812 shares of Common Stock, which increased her direct holdings without any reported open-market sales or dispositions.

What happened to Maura A. Markus’s Phantom Stock Units at STIFEL FINANCIAL (SF)?

Maura A. Markus exercised 2,812 Phantom Stock Units linked to STIFEL FINANCIAL CORP into the same number of Common Stock shares. After this conversion, the Phantom Stock Units position associated with this grant is shown as zero, indicating the award was fully exercised in this transaction.

How does the 3-for-2 stock split affect Maura A. Markus’s STIFEL FINANCIAL (SF) holdings?

A footnote notes her share total is adjusted for a 3-for-2 stock split payable on February 26, 2026. This means the reported 44,688 Common Stock shares already reflect the split, giving investors a post-split view of her direct ownership after the phantom unit exercise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/08/2026 - 05:14 PM EDT Learn about SEC filing dates

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^*

Markus Maura A.

(Last) (First) (Middle)

501 NORTH BROADWAY

(Street)

ST. LOUIS MISSOURI 63102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [ SF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/04/2026		M		2,812	A	$0	44,688(1)	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	06/04/2026		M			2,812	(2)	(3)	Common Stock	2,812	$0	0	D

Explanation of Responses:

1. This total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026.

2. Currently exercisable.

3. No expiration date for these Units

	/s/ Maura Markus	06/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)