Stifel Financial (SF) director awarded 2,450 Phantom Stock Units in equity grant

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Stifel Financial Corp director Michael J. Zimmerman reported a new equity-based compensation grant. He received 2,450 Phantom Stock Units on Common Stock at a reference value of $71.40 per unit, classified as a grant or award acquisition. The units vest quarterly over a one-year period and have no expiration date. Following this filing, Zimmerman holds 71,562 shares of Common Stock directly, and 2,450 Phantom Stock Units tied to an equivalent number of underlying common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider ZIMMERMAN MICHAEL J

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 — 71,562 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 Underlying common shares for units: 2,450 shares +2 more

5 metrics

Phantom Stock Units granted 2,450 units Equity grant on Phantom Stock Units

Reference price per unit $71.40 per unit Phantom Stock Units grant value

Underlying common shares for units 2,450 shares Common Stock underlying Phantom Stock Units

Common shares held after transaction 71,562 shares Direct holdings following reported transactions

Vesting schedule Quarterly over one year Phantom Stock Units vesting terms

Key Terms

Phantom Stock Units, grant/award acquisition, vesting, underlying common shares

4 terms

Phantom Stock Units financial

"The director received 2,450 Phantom Stock Units on Common Stock at a reference value"

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.

grant/award acquisition financial

"classified as a grant or award acquisition"

vesting financial

"The units vest quarterly over a one-year period"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

underlying common shares financial

"tied to an equivalent number of underlying common shares"

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Form 4 Insider Transactions: What Each Field Means →

06/11/2026 - 04:15 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^*

ZIMMERMAN MICHAEL J

(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								71,562	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/ Michael Zimmerman	06/09/2026
	** 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 did Michael J. Zimmerman report in this Stifel Financial (SF) Form 4?

Michael J. Zimmerman reported a grant of 2,450 Phantom Stock Units linked to Stifel Financial common stock. These units were awarded at a reference value of $71.40 per unit as equity-based compensation, rather than an open-market stock purchase or sale.

How many Phantom Stock Units did the Stifel Financial (SF) director receive?

The director received 2,450 Phantom Stock Units tied to Stifel Financial common stock. Each unit references the value of one share of common stock, providing equity-based compensation that aligns the director’s economic interests with shareholders over time as the units vest.

What are the vesting terms of the Phantom Stock Units reported for SF?

The Phantom Stock Units vest quarterly over a one-year period. This means the award becomes earned in several installments during that year, linking the director’s compensation more closely to ongoing service and the company’s performance over the vesting schedule.

Do the Phantom Stock Units reported for Stifel Financial (SF) have an expiration date?

The filing states there is no expiration date for these Phantom Stock Units. Instead of expiring, the units vest over time and are typically settled according to the company’s plan, which often delivers value in cash or stock based on the share price.

How many Stifel Financial (SF) common shares does Michael J. Zimmerman hold after this filing?

After the reported transactions, Michael J. Zimmerman directly holds 71,562 shares of Stifel Financial common stock. In addition, he holds 2,450 Phantom Stock Units referencing an equivalent number of underlying common shares as part of his equity-based compensation.

Was this Stifel Financial (SF) Form 4 a stock purchase or sale by the director?

No, the key transaction was a grant of 2,450 Phantom Stock Units classified as a grant or award acquisition. The filing does not show any open-market stock purchases or sales; it primarily reflects compensation-related equity awarded to the director.