Stifel director exercises 2,812 units into stock

Stifel Financial Corp director Michael J. Zimmerman exercised 2,812 Phantom Stock Units into Common Stock on June 4, 2026.

Rhea-AI Filing Summary

Stifel Financial Corp director Michael J. Zimmerman exercised 2,812 Phantom Stock Units into Common Stock on June 4, 2026. The derivative exercise converted units at a stated price of $0.00 per unit, and Zimmerman now directly holds 71,562 shares of Common Stock.

A footnote states that this total share amount has been adjusted for a 3-for-2 stock split payable on February 26, 2026. The filing shows a routine compensation-related derivative conversion with no open-market buying or selling.

Insider Trade Summary

2,812 shares exercised/converted

Exercise 2 txns

Insider ZIMMERMAN MICHAEL J

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 — 71,562 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 Phantom Stock Units Shares held after transaction: 71,562 shares Exercise price: $0.00 per unit +2 more

5 metrics

Derivative units exercised 2,812 Phantom Stock Units Converted into Common Stock on June 4, 2026

Shares held after transaction 71,562 shares Common Stock directly owned after June 4, 2026 exercise

Exercise price $0.00 per unit Stated price for Phantom Stock Units conversion

Transaction date June 4, 2026 Date of derivative exercise/conversion

Stock split ratio 3-for-2 stock split Adjustment applied to total shares, payable February 26, 2026

Key Terms

Phantom Stock Units, derivative security, 3-for-2 stock split, currently exercisable

4 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.

derivative security financial

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

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

3-for-2 stock split financial

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

currently exercisable financial

"Footnote: "Currently exercisable.""

FAQ

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

What insider transaction did Stifel Financial (SF) report for Michael J. Zimmerman?

Stifel Financial reported that director Michael J. Zimmerman exercised 2,812 Phantom Stock Units into Common Stock. The transaction occurred on June 4, 2026, as a derivative security exercise, rather than an open-market share purchase or sale.

How many Stifel Financial (SF) shares does Michael J. Zimmerman hold after this Form 4?

After the June 4, 2026 transaction, Michael J. Zimmerman directly holds 71,562 shares of Stifel Financial Common Stock. A footnote notes this total has been adjusted to reflect the 3-for-2 stock split payable on February 26, 2026.

What type of derivative security did Michael J. Zimmerman exercise at Stifel Financial (SF)?

Zimmerman exercised Phantom Stock Units, a derivative security that tracks the value of Common Stock. He converted 2,812 units into Common Stock at a stated price of $0.00 per unit, consistent with a compensation-related stock unit settlement.

Did the Stifel Financial (SF) Form 4 show any open-market buying or selling by Michael J. Zimmerman?

The Form 4 shows no open-market purchases or sales. Instead, it reports an exercise or conversion of derivative securities, specifically 2,812 Phantom Stock Units converted to Common Stock, which increased Zimmerman’s directly held share count.

How is the Stifel Financial (SF) stock split reflected in Michael J. Zimmerman’s holdings?

A footnote explains that Zimmerman’s total of 71,562 Common Stock shares has been adjusted for a 3-for-2 stock split payable on February 26, 2026. This means the reported post-transaction holdings already incorporate the split ratio.

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

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Accepted by SEC EDGAR 06/08/2026 - 05:19 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^*

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)
06/04/2026

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	71,562(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/ Michael Zimmerman	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)