Form 4: Stifel Executive Exercises Phantom Stock, Boosts Holdings

Stifel Financial Corp.'s Co-Head of FI Capital Markets, Brantley McDuffie, exercised phantom stock units, resulting in a net increase of 1,254 common shares.

Summary

• Brantley McDuffie, Co-Head of FI Capital Markets at Stifel Financial Corp. (SF), reported changes in beneficial ownership.
• On January 13, 2026, McDuffie acquired 2,094 shares of Common Stock through the exercise of Phantom Stock Units at a price of $0.
• Concurrently, 840 shares of Common Stock were disposed of at a price of $125.22 per share, typically to cover tax obligations related to the exercise.
• Following these transactions, McDuffie directly beneficially owns 1,254 shares of Common Stock.
• McDuffie also continues to beneficially own 4,921 Phantom Stock Units, which are currently exercisable and have no expiration date.

Sentiment

Score: 7

Explanation: The net increase in direct common stock ownership by a key executive, even with a tax-related sale, generally signals positive insider confidence in the company's future prospects.

Positives

• The executive's direct beneficial ownership of Common Stock increased by a net of 1,254 shares (2,094 acquired minus 840 disposed for taxes), indicating continued confidence in the company.

Negatives

• 840 shares of Common Stock were disposed of, reducing the total number of shares held, although this was likely for tax purposes related to the phantom stock exercise.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

This is a routine insider transaction related to executive compensation, common across the financial services industry, where phantom stock units are a form of equity-based incentive.

Stakeholder Impact

• Shareholders may view the net increase in insider ownership as a positive signal of management's alignment with shareholder interests and confidence in the company's value.

Key Dates

Keywords

Stifel Financial Corp, SF, Brantley McDuffie, Insider Transaction, Form 4, Phantom Stock Units, Common Stock, Equity Compensation, Beneficial Ownership