REICHERT CHRISTOPHER K 4

What Happened

• Christopher K. Reichert, CEO of Stifel Bank & Trust (a Stifel Financial unit), had performance/retention stock units issue and conversion activity on Feb 18, 2026. He received a grant of 9,245 PRSU units, 7,396 of which were converted/exercised into common shares. To cover tax withholding, 3,261 of the shares were surrendered at $120.49 each, generating about $392,918. The remaining shares from the award were retained as company stock (80% vested now; 20% vests in one year per the award).

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely).
• Grants/acquisitions: 9,245 PRSU units awarded (code A) at $0; 7,396 units converted/exercised into shares (code M).
• Tax withholding: 3,261 shares withheld/disposed (code F) at $120.49 each, total ≈ $392,918.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: (F1) Units issued under PRSU award agreement dated Feb 18, 2022 — 80% vested now, 20% vests in one year; (F2) No expiration date for these units; (F3) Currently exercisable.
• Transaction codes explained: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price or tax withholding.

Context

• This appears to be routine vesting/exercise of PRSU awards with a standard tax-withholding surrender of shares (a common practice when awards vest). The exercise/award represents acquisition of shares via company compensation, while the withheld shares cover tax obligations — not an open-market sale signaling investment intent. The withheld shares equal roughly $393k at the reported price.