WEISEL THOMAS W 4

What Happened

• Thomas W. Weisel, a director of Stifel Financial Corp (SF), exercised/converted performance-based derivative units and received awards on Feb 18, 2026. The filing shows a grant/award of 5,778 units (A) and conversion/exercise activity (M) that resulted in 4,623 shares being converted/issued and 1,693 shares withheld to cover tax obligations (F) at $120.49 per share, totaling $203,990. The transactions are primarily an award/conversion and a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-02-18; Form filed 2026-02-20 (timely).
• Actions reported: Grant/award (A) of 5,778 units; exercise/conversion (M) of 4,623 units; tax withholding (F) of 1,693 shares at $120.49/share ($203,990).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: Units issued under the PRSU award agreement dated Feb 18, 2022; 80% of these units are currently vested and 20% will vest in one year (F1). Units have no expiration (F2) and are currently exercisable (F3).
• Transaction codes: M = exercise/conversion of derivative; F = shares withheld to satisfy tax liability; A = grant/award.

Context

• This appears to be a typical vesting/conversion of performance restricted stock units (PRSUs) with shares withheld to cover taxes (a cashless withholding), which is common and does not by itself signal a directional bet on the stock. The filing documents derivative-unit conversion rather than an open-market purchase or voluntary sale.