Stifel (NYSE: SF) director receives 2,450 phantom stock units award

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kavanaugh James P. reported acquisition or exercise transactions in this Form 4 filing.

STIFEL FINANCIAL CORP director James P. Kavanaugh received a grant of 2,450 Phantom Stock Units tied to the company’s common stock. The units were awarded at a reference price of $71.40 per unit and vest quarterly over a one-year period, with no stated expiration date.

In addition to this grant, Kavanaugh directly holds 13,626 shares of Stifel common stock as of the reported date, reflecting his ongoing equity stake in the company.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kavanaugh James P.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	2,450	$71.40	$175K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 2,450 shares (Direct, null); Common Stock — 13,626 shares (Direct, null)

Footnotes (1)

Units vest quarterly over a one year period. No expiration date for these Units

Key Figures

Phantom Stock Units granted: 2,450 units Reference price per unit: $71.40 per unit Common shares held: 13,626 shares +1 more

4 metrics

Phantom Stock Units granted 2,450 units Grant of Phantom Stock Units to director James P. Kavanaugh

Reference price per unit $71.40 per unit Transaction price per Phantom Stock Unit at grant

Common shares held 13,626 shares Direct Stifel common stock holdings after reported transactions

Vesting period One year, quarterly Phantom Stock Units vest quarterly over a one-year period

Key Terms

Phantom Stock Units, vest quarterly, grant/award acquisition, Common Stock

4 terms

Phantom Stock Units financial

"The director received a grant of 2,450 Phantom Stock Units tied to the company’s 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.

vest quarterly financial

"Units vest quarterly over a one year period."

grant/award acquisition financial

"transaction_action: grant/award acquisition for the Phantom Stock Units."

Common Stock financial

"Underlying security title for the Phantom Stock Units is Common Stock."

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/11/2026 - 04:26 PM Accepted by SEC EDGAR 06/11/2026 - 04:26 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^*

Kavanaugh James P.

(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)
06/09/2026

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)
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								13,626	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	06/09/2026		A		2,450		⁽¹⁾	⁽²⁾	Common Stock	2,450	$71.4	2,450	D

Explanation of Responses:

1. Units vest quarterly over a one year period.

2. No expiration date for these Units

	/s/ James Kavanaugh	06/11/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did STIFEL FINANCIAL (SF) director James P. Kavanaugh report?

James P. Kavanaugh reported receiving 2,450 Phantom Stock Units tied to Stifel common stock. These units represent a compensation-related equity award rather than an open-market share purchase or sale, aligning his interests with shareholders over the vesting period.

How many Phantom Stock Units did the STIFEL FINANCIAL (SF) director receive?

The director received a grant of 2,450 Phantom Stock Units. Each unit is linked to Stifel common stock and was awarded at a reference price of $71.40, providing equity-based compensation that tracks the company’s share performance over time.

What is the vesting schedule for the 2,450 Phantom Stock Units at STIFEL FINANCIAL (SF)?

The 2,450 Phantom Stock Units vest quarterly over a one-year period. This means portions of the award become earned at each quarter, helping retain and incentivize the director through ongoing, performance-linked compensation across the year.

Do the Phantom Stock Units granted at STIFEL FINANCIAL (SF) have an expiration date?

The filing notes there is no expiration date for these Phantom Stock Units. Combined with their one-year quarterly vesting schedule, this structure emphasizes long-term alignment rather than short-term trading or near-term option expiry risk.

How many STIFEL FINANCIAL (SF) common shares does the director hold after this Form 4?

Following the reported transactions, the director holds 13,626 shares of Stifel common stock directly. This share position is separate from the 2,450 newly granted Phantom Stock Units, providing both actual share ownership and additional equity-linked compensation.

Was there any open-market buying or selling by the STIFEL FINANCIAL (SF) director in this Form 4?

The Form 4 does not show any open-market purchases or sales. It reports a grant of 2,450 Phantom Stock Units as a compensation award and a holding entry reflecting 13,626 common shares owned directly by the director.