Form 4: Stifel Financial Corp: Officer Thomas B. Michaud Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Thomas B. Michaud reports transactions involving Stifel Financial Corp common stock and phantom stock units on February 28, 2025.
Summary
- On February 28, 2025, Thomas B. Michaud, a Senior Vice President of Stifel Financial Corp, reported changes in beneficial ownership.
- The transactions involved the disposition of common stock to cover tax obligations and the exercise of phantom stock units.
- Specifically, 3,387 phantom stock units were exercised, and 1,570 shares of common stock were disposed of at a price of $104.9 to satisfy tax withholding obligations.
- Following these transactions, Michaud directly owns 89,469 shares of Stifel Financial Corp common stock and 29,293 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the reported transactions (exercise of phantom stock units and disposition of common stock). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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