Stifel director exercises 2,812 phantom units
STIFEL FINANCIAL CORP director Maryam S. Brown exercised phantom stock units into common shares.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
STIFEL FINANCIAL CORP director Maryam S. Brown exercised phantom stock units into common shares. On this Form 4, 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 transaction, her directly owned Common Stock holdings increased to 10,429 shares. The filing notes that this total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026. No derivative positions remain listed after this exercise.
Insider Trade Summary
2,812 shares exercised/converted
Exercise
2 txns
Insider
Brown Maryam S.
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 — 10,429 shares (Direct)
Footnotes (3)
- F1. This total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026.
- F2. Currently exercisable.
- F3. No expiration date for these Units
Key Figures
Phantom units exercised: 2,812 units
Common shares acquired: 2,812 shares
Shares owned after transaction: 10,429 shares
+3 more
6 metrics
Phantom units exercised
2,812 units
Converted into Common Stock on exercise
Common shares acquired
2,812 shares
Received from Phantom Stock Units conversion
Shares owned after transaction
10,429 shares
Direct Common Stock holdings following exercise
Exercise price per unit
$0.00 per unit
Conversion of Phantom Stock Units into Common Stock
Exercise transactions
1 exercise, 1 derivative entry
transactionSummary exerciseCount and derivativeTransactionCount
Stock split reference
3-for-2 split
Holdings adjusted for split payable February 26, 2026
Key Terms
Phantom Stock Units, Exercise or conversion of derivative security, 3-for-2 stock split, Common Stock, +1 more
5 terms
Phantom Stock Units financial
"The filing shows an exercise of 2,812 Phantom Stock Units into 2,812 underlying shares of 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.
Exercise or conversion of derivative security financial
"Both transactions are coded as M, indicating the exercise or conversion of a derivative security, resulting in additional Common Stock."
3-for-2 stock split financial
"The filing specifies that this total has been adjusted for the 3-for-2 stock split payable on February 26, 2026."
Common Stock financial
"After the reported transaction, Maryam S. Brown directly holds 10,429 shares of STIFEL FINANCIAL CORP 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.
Form 4 regulatory
"On this Form 4, she converted 2,812 Phantom Stock Units into 2,812 shares of Common Stock at a stated price of $0.00 per share."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did STIFEL FINANCIAL CORP (SF) report for Maryam S. Brown?
STIFEL FINANCIAL CORP reported that director Maryam S. Brown exercised 2,812 Phantom Stock Units into 2,812 shares of Common Stock. The transaction was recorded at a stated price of $0.00 per share, reflecting a compensation-related derivative conversion rather than an open-market stock purchase.
What was the size of the phantom stock unit exercise reported by STIFEL FINANCIAL (SF)?
The filing shows an exercise of 2,812 Phantom Stock Units into 2,812 underlying shares of Common Stock. These units were converted at a stated exercise price of $0.00 per unit, consistent with compensation-related phantom equity plans rather than cash-funded option exercises in the open market.
Did the STIFEL FINANCIAL (SF) insider Form 4 report any stock sales?
The Form 4 reports no open-market stock sales for Maryam S. Brown. Both transactions are coded as M, indicating the exercise or conversion of a derivative security, resulting in additional Common Stock, without any corresponding S-coded disposition transactions in this particular filing.
How does the 3-for-2 stock split affect Maryam S. Brown’s STIFEL FINANCIAL (SF) holdings?
The filing states that her total holdings have been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026. This means the 10,429-share figure already incorporates the split, giving investors a post-split view of her current direct Common Stock position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
