Stifel Financial (SF) CEO granted new phantom stock unit awards

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(Very High)

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(Neutral)

Form Type

Rhea-AI Filing Summary

STIFEL FINANCIAL CORP Chief Executive Officer Ronald J. Kruszewski reported awards of phantom stock units on February 27, 2026. He acquired 39,163 phantom stock units at $74.03 per unit and 27,009 phantom stock units at $74.05 per unit as grant or award acquisitions.

One award vests in 20% increments over five years and another vests in 10% increments over ten years, with no expiration date for these units. Following these awards, he also directly held 1,883,213 shares of common stock, a total adjusted for a 3-for-2 stock split payable on February 26, 2026.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider KRUSZEWSKI RONALD J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	39,163	$74.03	$2.90M
Grant/Award	Phantom Stock Units	27,009	$74.05	$2.00M
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 236,278 shares (Direct); Common Stock — 1,883,213 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 - 06:32 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
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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^*

KRUSZEWSKI RONALD J

(Last)

(First)

(Middle)

501 NORTH BROADWAY

(Street)

ST. LOUIS

63102

(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)

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

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								1,883,213⁽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		39,163		⁽²⁾	⁽³⁾	Common Stock	39,163	$74.03	236,278⁽¹⁾	D
Phantom Stock Units	$0	02/27/2026		A		27,009		⁽⁴⁾	⁽³⁾	Common Stock	27,009	$74.05	263,287⁽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/ Ronald Kruszewski	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 transactions did Stifel (SF) report for Ronald Kruszewski?

Ronald J. Kruszewski reported awards of phantom stock units on February 27, 2026. He received 39,163 units at $74.03 and 27,009 units at $74.05 per unit as grant or award acquisitions, increasing his derivative holdings.

How many phantom stock units did the Stifel (SF) CEO receive?

The CEO received two phantom stock unit awards totaling 66,172 units. One grant was 39,163 units at $74.03 per unit and the other was 27,009 units at $74.05 per unit, both categorized as grant or award acquisitions.

What are the vesting terms of the new Stifel (SF) phantom stock units?

The phantom stock units vest over long periods. One award vests in 20% increments over five years, while another vests in 10% increments over ten years. The filing also notes there is no expiration date for these units.

How many Stifel (SF) common shares does the CEO hold after these transactions?

After the reported transactions, Ronald J. Kruszewski directly held 1,883,213 shares of Stifel common stock. This total was adjusted to reflect a 3-for-2 stock split that was payable on February 26, 2026, as noted in the footnotes.

Did the Stifel (SF) CEO buy or sell common stock in this Form 4?

The Form 4 focuses on grant or award acquisitions of phantom stock units rather than open-market trades. It reports awards of 39,163 and 27,009 phantom stock units, while the common stock line simply shows an updated direct holding balance after the stock split.

How does the stock split affect the Stifel (SF) CEO’s reported holdings?

The reported common stock holdings reflect a 3-for-2 stock split payable on February 26, 2026. A footnote explains that the total share count has been adjusted, so the 1,883,213 directly held shares incorporate the split’s impact.