Stifel (NYSE: SF) GC awarded phantom units, withholds shares

Q: What insider transactions did SF executive Mark P. Fisher report on this Form 4?

Mark P. Fisher reported a grant of 9,823 Phantom Stock Units , exercise of 7,859 phantom units into common stock , and a disposition of 4,241 common shares to cover tax obligations at $120.49 per share .

Q: What are the key details of the phantom stock unit grant reported by SF?

The filing shows a grant of 9,823 Phantom Stock Units under a PRSU award agreement dated February 18, 2022 . According to the disclosure, 80% of these units are currently vested , while the remaining 20% will vest in one year .

Q: What type of disposition occurred for the 4,241 SF common shares?

The 4,241 common shares were disposed of in a tax-withholding transaction , not an open-market sale. The filing states the shares were delivered at $120.49 per share to satisfy tax liabilities tied to an equity award exercise.

Q: What does the exercise of 7,859 phantom stock units mean for SF insider ownership?

The insider exercised 7,859 Phantom Stock Units , converting them into 7,859 common shares . This increases his direct common stock holdings while reducing his phantom unit balance, as part of standard equity award mechanics disclosed in the Form 4.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Stifel Financial Corp Senior VP & General Counsel Mark P. Fisher reported several equity-related transactions on phantom stock units and common stock. He received a grant of 9,823 Phantom Stock Units based on a PRSU award agreement dated February 18, 2022; 80% are vested and 20% will vest in one year.

He also exercised 7,859 Phantom Stock Units, converting them into 7,859 shares of Common Stock, and disposed of 4,241 shares of Common Stock at $120.49 per share to satisfy tax obligations through share withholding. Following these transactions, he directly holds 26,877 Phantom Stock Units and 54,651 shares of Common Stock.

Insider Trade Summary

7,859 shares exercised/converted

Mixed 4 txns

Insider Fisher Mark P

Role Senior VP & General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	9,823	$0.00	--
Exercise	Phantom Stock Units	7,859	$0.00	--
Exercise	Common Stock	7,859	$0.00	--
Tax Withholding	Common Stock	4,241	$120.49	$511K

Holdings After Transaction: Phantom Stock Units — 26,877 shares (Direct); Common Stock — 58,892 shares (Direct)

Footnotes (1)

These units are being issued based on the PRSU award agreement dated February 18, 2022. Of these units, 80 percent are currently vested and the remaining 20 percent will vest in one year. No expiration date for these Units Currently exercisable.

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Form 4 Insider Transactions: What Each Field Means →

02/20/2026 - 04:40 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^*

Fisher Mark P

(Last)

(First)

(Middle)

ONE MONTGOMERY STREET

SUITE 3700

(Street)

SAN FRANCISCO

94104

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [ SF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/18/2026		M		7,859	A	$0	58,892	D
Common Stock	02/18/2026		F		4,241	D	$120.49	54,651	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	02/18/2026		A		9,823		⁽¹⁾	⁽²⁾	Common Stock	9,823	$0	26,877	D
Phantom Stock Units	$0	02/18/2026		M			7,859	⁽³⁾	⁽²⁾	Common Stock	7,859	$0	19,018	D

Explanation of Responses:

1. These units are being issued based on the PRSU award agreement dated February 18, 2022. Of these units, 80 percent are currently vested and the remaining 20 percent will vest in one year.

2. No expiration date for these Units

3. Currently exercisable.

	/s/ Mark Fisher	02/20/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SF executive Mark P. Fisher report on this Form 4?

Mark P. Fisher reported a grant of 9,823 Phantom Stock Units, exercise of 7,859 phantom units into common stock, and a disposition of 4,241 common shares to cover tax obligations at $120.49 per share.

What are the key details of the phantom stock unit grant reported by SF?

The filing shows a grant of 9,823 Phantom Stock Units under a PRSU award agreement dated February 18, 2022. According to the disclosure, 80% of these units are currently vested, while the remaining 20% will vest in one year.

How many phantom stock units and SF common shares does Mark P. Fisher now hold?

After the reported transactions, Mark P. Fisher directly holds 26,877 Phantom Stock Units and 54,651 shares of Stifel Financial Corp common stock. These updated balances reflect the recent grant, derivative exercise, and tax-withholding share disposition.

What type of disposition occurred for the 4,241 SF common shares?

The 4,241 common shares were disposed of in a tax-withholding transaction, not an open-market sale. The filing states the shares were delivered at $120.49 per share to satisfy tax liabilities tied to an equity award exercise.

What does the exercise of 7,859 phantom stock units mean for SF insider ownership?

The insider exercised 7,859 Phantom Stock Units, converting them into 7,859 common shares. This increases his direct common stock holdings while reducing his phantom unit balance, as part of standard equity award mechanics disclosed in the Form 4.