Marischen James M 4

What Happened

• On Feb 18, 2026, Stifel Financial CFO James M. Marischen exercised/converting derivative awards that resulted in 7,859 shares being issued and was also granted 9,823 units under a PRSU award. To cover tax obligations, 3,463 shares were surrendered/withheld at $120.49 each, totaling $417,257. The Form 4 shows the derivative instrument was disposed (conversion) and the stock issued; the withholding was recorded as a disposition for tax payment.

Key Details

• Transaction date: Feb 18, 2026; Form 4 filed Feb 20, 2026 (timely — within required reporting window).
• Exercise/conversion: 7,859 shares (derivative conversion entries shown as both acquisition and disposition of the derivative instrument).
• Grant/award: 9,823 PRSU units issued (recorded as acquisition).
• Tax withholding: 3,463 shares surrendered at $120.49 each = $417,257 (code F).
• Footnotes: PRSU units issued under the Feb 18, 2022 PRSU award agreement; 80% of these units are currently vested and 20% vest in one year (F1). Units have no expiration date (F2) and are currently exercisable (F3).
• Shares owned after the transaction: not specified in the provided filing excerpts.

Context

• Codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding); A = grant/award. The surrender of 3,463 shares was for tax withholding (a common “sell-to-cover” / share-withholding approach), not an open-market sale for cash. This filing shows a net receipt from the exercise: 7,859 shares issued less 3,463 shares withheld = 4,396 net shares retained from the exercise, plus the 9,823 PRSU units granted.