Form 4: Stifel Financial Corp CEO Ronald Kruszewski Reports Changes in Beneficial Ownership
SEC Filing
Ronald Kruszewski, CEO of Stifel Financial Corp, reports transactions involving common stock and phantom stock units, including acquisitions and disposals, as per a Form 4 filing.
Summary
- On March 1, 2024, Ronald Kruszewski, the CEO of Stifel Financial Corp, reported changes in his beneficial ownership of the company's securities.
- These changes involve transactions in both common stock and phantom stock units.
- Kruszewski acquired 11,933 shares of common stock and 55,781 shares of common stock at $0.
- He also disposed of 29,896 shares of common stock at $75.
- Additionally, he acquired 69,726 phantom stock units and disposed of 11,933 and 55,781 phantom stock units.
- Following these transactions, Kruszewski beneficially owns 1,445,416 shares of common stock and 123,304 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- Shareholders can use this information to understand the CEO's stake in the company.
- Employees holding similar equity compensation may be interested in the vesting schedules and transaction prices.
Key Dates
| Date | Description |
|---|---|
| 02/26/2020 | Date of the PRSU award agreement related to the phantom stock units. |
| 03/01/2024 | Date of the transactions reported in the Form 4 filing. |
| 03/02/2025 | Date when the remaining 20 percent of the phantom stock units will vest. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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