Form 4: Stifel Financial Corp: CEO of Stifel Bank & Trust Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Christopher Reichert, CEO of Stifel Bank & Trust, reports acquiring phantom stock units and adjustments to his common stock holdings.
Summary
- Christopher Reichert, CEO of Stifel Bank & Trust, filed a Form 4 detailing changes in his beneficial ownership of Stifel Financial Corp securities.
- On March 6, 2025, Reichert acquired 6,743 phantom stock units.
- These units vest in 20% increments over a five-year period.
- The price of the phantom stock units was $98.43.
- Reichert also reported owning 49,369 shares of common stock indirectly through a trust.
- Following the reported transactions, Reichert directly owns 22,782 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions.
Positives
- The acquisition of phantom stock units could align Reichert's interests with the long-term performance of Stifel Financial Corp.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the transaction involving phantom stock units. |
| 03/10/2025 | Date of the Form 4 filing. |
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