Stifel director exercises 2,812 phantom stock units

Stifel Financial Corp director Lisa Landau Carnoy exercised 2,812 Phantom Stock Units into an equal number of common shares on June 4, 2026.

Rhea-AI Filing Summary

Stifel Financial Corp director Lisa Landau Carnoy exercised 2,812 Phantom Stock Units into an equal number of common shares on June 4, 2026. The units converted at $0.00 per unit, reflecting a compensation-related derivative exercise rather than an open‑market purchase.

After the transaction, she directly holds 10,611 shares of Stifel common stock. The reported totals have been adjusted to reflect the company’s 3-for-2 stock split payable on February 26, 2026, and the exercised Phantom Stock Units balance is now zero.

Insider Trade Summary

2,812 shares exercised/converted

Exercise 2 txns

Insider Carnoy Lisa Landau

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 — 10,611 shares (Direct)

Footnotes (3)

1. F1. This total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026.
2. F2. Currently exercisable.
3. F3. No expiration date for these Units

Key Figures

Derivative units exercised: 2,812 units Common shares received: 2,812 shares Post-transaction holdings: 10,611 shares +4 more

7 metrics

Derivative units exercised 2,812 units Phantom Stock Units converted to common stock on June 4, 2026

Common shares received 2,812 shares Common Stock acquired via derivative exercise

Post-transaction holdings 10,611 shares Common Stock directly held after June 4, 2026 transaction

Exercise price per unit $0.00 per unit Conversion price for 2,812 Phantom Stock Units

Exercise count 1 exercise Total derivative exercises in this Form 4

Derivative transactions 1 transaction Total derivative-type transactions reported

Stock split ratio 3-for-2 Split payable on February 26, 2026, reflected in totals

Key Terms

Phantom Stock Units, Exercise or conversion of derivative security, 3-for-2 stock split, currently exercisable, +1 more

5 terms

Phantom Stock Units financial

"security_title": "Phantom Stock Units""

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

"transaction_code_description": "Exercise or conversion of derivative security""

3-for-2 stock split financial

"adjusted to reflect the 3-for-2 stock split payable on February 26, 2026"

currently exercisable financial

"Footnote states: "Currently exercisable.""

No expiration date for these Units financial

"Footnote states: "No expiration date for these Units""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Stifel Financial (SF) director Lisa Landau Carnoy do in this Form 4?

Lisa Landau Carnoy exercised 2,812 Phantom Stock Units into 2,812 shares of Stifel common stock. This was a derivative exercise at $0.00 per unit, reflecting compensation rather than an open-market stock purchase or sale.

How many Stifel Financial (SF) shares does Lisa Landau Carnoy hold after this transaction?

After exercising 2,812 Phantom Stock Units, Lisa Landau Carnoy directly holds 10,611 shares of Stifel common stock. This post‑transaction total is explicitly disclosed and already adjusted for the company’s 3‑for‑2 stock split payable on February 26, 2026.

Was the Stifel Financial (SF) Form 4 transaction a stock sale or purchase?

The Form 4 reports a derivative exercise, not a market sale or purchase. Carnoy converted 2,812 Phantom Stock Units into common stock at $0.00 per unit, so it is classified as an acquisition through derivative exercise rather than an open-market trade.

What are Phantom Stock Units in the Stifel Financial (SF) filing?

Phantom Stock Units are derivative compensation instruments tied to Stifel common stock. In this filing, 2,812 units were exercised and converted into 2,812 common shares, leaving a zero Phantom Stock Unit balance for this award after the transaction.

How is the Stifel Financial (SF) stock split referenced in this Form 4?

A footnote states the totals have been adjusted for a 3-for-2 stock split payable on February 26, 2026. This means the reported share figures, including the 10,611 post‑transaction shares, already reflect the impact of that split.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/08/2026 - 04:55 PM EDT 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^*

Carnoy Lisa Landau

(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	10,611(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/ Lisa Carnoy	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)