Rubulotta of Stifel Financial (NYSE: SF) granted phantom stock units

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

STIFEL FINANCIAL CORP insider David Rubulotta reported new equity-based awards. On February 27, 2026, he acquired 10,533 Phantom Stock Units at $74.05 per unit, bringing this award to 23,432 units after the transaction. A second grant of 13,504 Phantom Stock Units at $74.05 increased another award balance to 36,936 units. Footnotes state these totals reflect a 3-for-2 stock split payable on February 26, 2026, with units vesting 20% annually over five years for one grant and 10% annually over ten years for the other, and no expiration date. He also reported 1,488 shares of common stock held directly.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Rubulotta David

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	10,533	$74.05	$780K
Grant/Award	Phantom Stock Units	13,504	$74.05	$1000K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 23,432 shares (Direct); Common Stock — 1,488 shares (Direct)

Footnotes (1)

This total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026. Units vest in 20% increments over a five year period. No expiration date for these Units Units vest in 10% increments over a 10 year period.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 05:20 PM

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^*

Rubulotta David

(Last)

(First)

(Middle)

787 7TH AVENUE

(Street)

NEW YORK

10019

(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 Fixed Inc Cap Mkts

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								1,488⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	$0	02/27/2026		A		10,533		⁽²⁾	⁽³⁾	Common Stock	10,533	$74.05	23,432⁽¹⁾	D
Phantom Stock Units	$0	02/27/2026		A		13,504		⁽⁴⁾	⁽³⁾	Common Stock	13,504	$74.05	36,936⁽¹⁾	D

Explanation of Responses:

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

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

3. No expiration date for these Units

4. Units vest in 10% increments over a 10 year period.

	/s/ David Rubulotta	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did David Rubulotta report for STIFEL FINANCIAL CORP (SF)?

David Rubulotta reported acquiring two grants of Phantom Stock Units on February 27, 2026. One grant was 10,533 units and the other 13,504 units, both priced at $74.05 per unit, as equity-based compensation tied to Stifel Financial Corp.

How many Phantom Stock Units does David Rubulotta hold after the latest SF Form 4 filing?

After the reported awards, one Phantom Stock Unit grant totals 23,432 units and the second totals 36,936 units. These balances already reflect Stifel Financial Corp’s 3-for-2 stock split that was payable on February 26, 2026, according to the filing footnotes.

What are the vesting terms of David Rubulotta’s Phantom Stock Units at SF?

One Phantom Stock Unit grant vests in 20% increments over a five-year period, while the other vests in 10% increments over a ten-year period. Footnotes also state there is no expiration date for these units awarded by Stifel Financial Corp.

How does the 3-for-2 stock split affect David Rubulotta’s reported SF holdings?

The totals for David Rubulotta’s Phantom Stock Units are adjusted to reflect Stifel Financial Corp’s 3-for-2 stock split payable on February 26, 2026. This means the unit balances shown in the Form 4 already incorporate the split-adjusted figures disclosed in the footnotes.

Did David Rubulotta buy or sell SF common stock in this Form 4 filing?

The Form 4 primarily reports grants of Phantom Stock Units, not open-market stock trades. It also shows Rubulotta directly holding 1,488 shares of Stifel Financial Corp common stock, but does not list a specific buy or sell transaction code for common shares.

What does the absence of an expiration date mean for SF Phantom Stock Units granted to Rubulotta?

The filing notes there is no expiration date for these Phantom Stock Units, meaning they do not automatically lapse on a set date. Their value and payout depend on Stifel Financial Corp’s plan terms and vesting schedules described in the footnotes.