Director Maryam S. Brown converts phantom units at Stifel (NYSE: SF)

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

Mixed 2 txns

Insider Brown Maryam S.

Role null

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	2,812	$0.00	--
Exercise	Common Stock	2,812	$0.00	--

Holdings After Transaction: Phantom Stock Units — 0 shares (Direct, null); Common Stock — 10,429 shares (Direct, null)

Footnotes (1)

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

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Form 4 Insider Transactions: What Each Field Means →

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^*

Brown Maryam S.

(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)
06/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/04/2026		M		2,812	A	$0	10,429(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	$0	06/04/2026		M			2,812	(2)	(3)	Common Stock	2,812	$0	0	D

Explanation of Responses:

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

2. Currently exercisable.

3. No expiration date for these Units

	/s/ Maryam Brown	06/08/2026
	** 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)

FAQ

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.

How many STIFEL FINANCIAL (SF) shares does Maryam S. Brown hold after this Form 4?

After the reported transaction, Maryam S. Brown directly holds 10,429 shares of STIFEL FINANCIAL CORP Common Stock. The filing specifies that this total has been adjusted for the 3-for-2 stock split payable on February 26, 2026, providing an updated post-split share count.

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.