Stifel’s Reichert gets phantom units, exercises shares

STIFEL FINANCIAL CORP executive Christopher K. Reichert, CEO of Stifel Bank & Trust, reported several stock-based compensation transactions.

Rhea-AI Filing Summary

STIFEL FINANCIAL CORP executive Christopher K. Reichert, CEO of Stifel Bank & Trust, reported several stock-based compensation transactions. He received a grant of 9,245 Phantom Stock Units tied to a PRSU award agreement dated February 18, 2022, of which 80 percent are vested and the remaining 20 percent will vest in one year. He also exercised 7,396 Phantom Stock Units, converting them into 7,396 shares of common stock held indirectly by a trust. In a related move, 3,261 common shares held by the trust were disposed of at $120.49 per share to satisfy tax withholding obligations rather than as an open-market sale.

Insider Trade Summary

7,396 shares exercised/converted

Exercise 4 txns

Insider REICHERT CHRISTOPHER K

Role CEO of Stifel Bank & Trust

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	9,245	$0.00	$0.00
Exercise	Phantom Stock Units	7,396	$0.00	$0.00
Exercise	Common Stock	7,396	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	3,261	$120.49	$393K

Holdings After Transaction: Phantom Stock Units — 15,759 contracts (Direct); Common Stock — 59,480 shares (Indirect, by Trust)

Footnotes (3)

1. F1. These units are being issued based on the PRSU award agreement dated February 18, 2022. Of these units, 80 percent are currently vested and the remaining 20 percent will vest in one year.
2. F2. No expiration date for these Units
3. F3. Currently exercisable.

FAQ

What insider transactions did Christopher Reichert report for STIFEL FINANCIAL CORP (SF)?

Christopher Reichert reported a grant of 9,245 Phantom Stock Units, the exercise of 7,396 Phantom Stock Units into common stock held by a trust, and a 3,261-share tax-withholding disposition at $120.49 per share, all dated February 18, 2026.

What are the vesting terms of Christopher Reichert’s new Phantom Stock Units at SF?

The 9,245 Phantom Stock Units are issued under a PRSU award agreement dated February 18, 2022. According to the disclosure, 80 percent of these units are currently vested, while the remaining 20 percent are scheduled to vest in one year, with no expiration date stated.

How many STIFEL FINANCIAL CORP shares did Christopher Reichert acquire through derivative exercises?

Reichert exercised 7,396 Phantom Stock Units on February 18, 2026. These exercises converted into 7,396 shares of STIFEL FINANCIAL CORP common stock, which are reported as being held indirectly by a trust associated with him following the transaction.

Why were 3,261 STIFEL FINANCIAL CORP shares disposed of in Christopher Reichert’s Form 4?

The 3,261 common shares were disposed of at $120.49 per share to pay tax liabilities related to equity awards. The filing classifies this as a tax-withholding disposition, meaning the shares were delivered to cover taxes rather than sold as a discretionary open-market transaction.

How many Phantom Stock Units does Christopher Reichert hold after these SF transactions?

After the reported grant and exercise activity, Reichert holds 23,155 Phantom Stock Units. This figure reflects his remaining derivative position in Phantom Stock Units following the 9,245-unit grant and the 7,396-unit exercise recorded on February 18, 2026.

How many STIFEL FINANCIAL CORP common shares does Christopher Reichert’s trust hold after these trades?

Following the derivative exercise and related tax-withholding disposition, the trust associated with Reichert holds 59,480 shares of STIFEL FINANCIAL CORP common stock. This balance incorporates the 7,396 shares received from the Phantom Stock Unit exercise and the 3,261 shares used to satisfy tax obligations.

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Accepted by SEC EDGAR 02/20/2026 - 04:35 PM 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^*

REICHERT CHRISTOPHER K

(Last) (First) (Middle)

501 NORTH BROADWAY

(Street)

ST. LOUIS MO 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO of Stifel Bank & Trust

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/18/2026		M		7,396	A	$0	62,741	I	by Trust
Common Stock	02/18/2026		F		3,261	D	$120.49	59,480	I	by Trust

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	02/18/2026		A		9,245		(1)	(2)	Common Stock	9,245	$0	23,155	D
Phantom Stock Units	$0	02/18/2026		M			7,396	(3)	(2)	Common Stock	7,396	$0	15,759	D

Explanation of Responses:

1. These units are being issued based on the PRSU award agreement dated February 18, 2022. Of these units, 80 percent are currently vested and the remaining 20 percent will vest in one year.

2. No expiration date for these Units

3. Currently exercisable.

	/s/ Christopher Reichert	02/20/2026
	** 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).
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