Fisher Mark P 4

What Happened

• Mark P. Fisher, Senior Vice President and General Counsel of Stifel Financial Corp. (SF), reported exercise/conversion and award activity on Feb 18, 2026. The filing shows an exercise/conversion of 7,859 derivative shares (acquired) and a grant/award of 9,823 units (PRSU-based). To cover taxes/exercise obligations, 4,241 shares were surrendered/disposed at $120.49 each, generating about $510,998. The filing also reports a contemporaneous disposition of 7,859 derivative shares (reported at $0).

Key Details

• Transaction date: 2026-02-18.
• Reported items: Exercise/conversion (M) — 7,859 shares acquired; Grant/award (A) — 9,823 units issued; Tax/withholding (F) — 4,241 shares disposed at $120.49 for $510,998; also a reported disposition of 7,859 derivative shares at $0.
• Footnotes: Units issued under the PRSU award agreement dated Feb 18, 2022; 80% of those units are currently vested and 20% will vest in one year (F1). Units have no expiration (F2). Reported derivative shares are currently exercisable (F3).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: filing does not indicate a late report.

Context

• The 4,241-share disposition is reported as a payment of exercise price/tax liability (code F), meaning shares were surrendered/withheld to satisfy taxes rather than an open-market sale — a common administrative step after awards vest or options are exercised. The grant (PRSU units) and exercisable derivative indicate compensation-related equity activity rather than an independent purchase or investment decision.