Victor Nesi (SF) awarded 2,450 Phantom Stock Units and updates Stifel share holdings

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nesi Victor reported acquisition or exercise transactions in this Form 4 filing.

Stifel Financial Corp director Victor Nesi reported updated equity holdings and a new compensation grant. He received 2,450 Phantom Stock Units, each tied to one share of common stock at a reference price of $71.40. These units vest quarterly over one year and have no stated expiration date. Following this award, his Phantom Stock Unit balance is 90,962 units. The filing also lists 247,571 shares of common stock held directly, plus additional indirect holdings through a children's trust, a family trust, and another trust structure.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Nesi Victor

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	2,450	$71.40	$175K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 90,962 shares (Direct, null); Common Stock — 62,963 shares (Indirect, by Trust); Common Stock — 247,571 shares (Direct, null)

Footnotes (1)

Units vest quarterly over a one year period. No expiration date for these Units

Key Figures

Phantom Stock Unit grant: 2,450 units Reference price per Phantom Unit: $71.40 Total Phantom Stock Units after grant: 90,962 units +4 more

7 metrics

Phantom Stock Unit grant 2,450 units Grant of Phantom Stock Units tied to common stock

Reference price per Phantom Unit $71.40 Price per Phantom Stock Unit on grant

Total Phantom Stock Units after grant 90,962 units Balance of Phantom Stock Units following transaction

Direct common stock holding 247,571 shares Common Stock held directly by Victor Nesi

Children's Trust holding 66,348 shares Common Stock held via Children’s Trust

Family Trust holding 46,500 shares Common Stock held via Family Trust

Other Trust holding 62,963 shares Common Stock held via another trust

Key Terms

Phantom Stock Units, vesting, Children's Trust, Family Trust

4 terms

Phantom Stock Units financial

"The filing includes a transaction in Phantom Stock Units tied to 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.

vesting financial

"Footnotes explain 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.

Children's Trust financial

"Common stock is reported as indirectly owned through a Children's Trust."

Family Trust financial

"Additional common stock is held indirectly via a Family Trust."

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Form 4 Insider Transactions: What Each Field Means →

06/11/2026 - 04:23 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^*

Nesi Victor

(Last)

(First)

(Middle)

787 7TH AVENUE

(Street)

NEW YORK

10019

(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								62,963	I	by Trust
Common Stock								247,571	D
Common Stock								46,500	I	Family Trust
Common Stock								66,348	I	Children's Trust

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	90,962	D

Explanation of Responses:

1. Units vest quarterly over a one year period.

2. No expiration date for these Units

	/s/ Victor Nesi	06/11/2026
	** 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 Victor Nesi report in this Stifel Financial (SF) Form 4?

Victor Nesi reported a grant of 2,450 Phantom Stock Units tied to Stifel Financial common stock. The filing also updates his direct and indirect share holdings, including trust-held positions for family-related entities.

How many Phantom Stock Units did Victor Nesi receive from Stifel Financial (SF)?

He received 2,450 Phantom Stock Units. Each unit is linked to one share of Stifel Financial common stock at a reference price of $71.40, increasing his total Phantom Stock Unit balance to 90,962 units after the award.

How do Victor Nesi’s Phantom Stock Units at Stifel Financial (SF) vest?

The Phantom Stock Units vest quarterly over a one-year period. This means portions of the 2,450-unit grant become earned at regular quarterly intervals rather than all at once on a single vesting date.

What is Victor Nesi’s direct common stock holding in Stifel Financial (SF)?

He directly holds 247,571 shares of Stifel Financial common stock. In addition, the Form 4 lists separate indirect holdings in children’s, family, and other trusts, which are reported as indirectly owned positions.

What indirect Stifel Financial (SF) holdings are reported for Victor Nesi?

The filing shows 66,348 shares held through a children’s trust, 46,500 shares held through a family trust, and 62,963 shares held by another trust. These are reported as indirect ownership separate from his directly owned shares.

Does the Stifel Financial (SF) Phantom Stock Unit grant have an expiration date?

The footnotes state there is no expiration date for these Phantom Stock Units. While the units vest quarterly over one year, the award itself does not carry a specified end date after vesting completes.