Form 4: Stifel Financial Corp: Senior Vice President Thomas B. Michaud Reports Acquisition of Phantom Stock Units

Senior Vice President Thomas B. Michaud reports the acquisition of phantom stock units in Stifel Financial Corp.

Summary

• Thomas B. Michaud, a Senior Vice President at Stifel Financial Corp, filed a Form 4 with the SEC.
• The filing reports the acquisition of phantom stock units on March 6, 2025.
• Michaud acquired 8,458 phantom stock units that vest in 20% increments over five years, and 10,160 phantom stock units that vest in 10% increments over ten years.
• The price of the phantom stock units was $98.43.
• Following the reported transactions, Michaud beneficially owns 37,751 and 47,911 phantom stock units respectively.
• Michaud also directly owns 89,469 shares of Stifel Financial Corp common stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing, indicating routine transactions. The acquisition of phantom stock units by an executive is generally viewed neutrally to slightly positive.

Positives

• The acquisition of phantom stock units by a senior executive could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of phantom stock units by a senior executive could have a minor positive impact on shareholder sentiment.

Key Dates