Form 4: Stifel Financial Corp Director David Peacock Reports Changes in Beneficial Ownership

David Peacock, a director at Stifel Financial Corp, reported transactions involving common stock and phantom stock units, including the acquisition and disposition of derivative securities.

Summary

• On June 7, 2024, David Peacock, a director of Stifel Financial Corp, filed a Form 4 with the SEC detailing changes in beneficial ownership.
• The report includes transactions involving common stock and derivative securities, specifically phantom stock units.
• Peacock acquired 1,914 phantom stock units on June 5, 2024, at a price of $78.37, and disposed of 2,504 phantom stock units on June 7, 2024, at a price of $0.
• He also reported indirect ownership of 21,150 shares of common stock held by a trust.
• The phantom stock units vest quarterly over a one-year period and have no expiration date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership changes.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings are closely watched by investors to gauge the sentiment and actions of those with intimate knowledge of the company's operations and prospects.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates