Form 4: Stifel Financial Corp CEO of Stifel Bank & Trust, Christopher Reichert, Reports Transaction
SEC Form 4 Filing
Christopher Reichert, CEO of Stifel Bank & Trust, reports the disposition of 10,000 shares of Stifel Financial Corp common stock and the acquisition of 6,933 phantom stock units.
Summary
- On March 8, 2024, Christopher Reichert, CEO of Stifel Bank & Trust, reported a transaction involving Stifel Financial Corp (SF).
- Reichert disposed of 10,000 shares of common stock at a price of $75.41 per share.
- Following this transaction, Reichert indirectly owns 40,588 shares through a trust.
- Additionally, Reichert acquired 6,933 phantom stock units, which vest in 20% increments over five years.
- Reichert directly owns 22,226 derivative securities after the reported transaction.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell shares, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock disposal and acquisition of phantom stock units |
| 03/12/2024 | Date of signature on the report |
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