Raymond Charles Bradford 4

What Happened

• Raymond Charles Bradford, Co-Head, Global Institutional Equity Advisory at Stifel Financial Corp., received two equity awards reported as derivative securities on Feb 27, 2026. The grants consist of 12,694 units valued at $74.05 each ($939,991) and 13,504 units at $74.05 each ($999,971), for a combined 26,198 units valued at $1,939,962.
• This filing reports awards/grants (code A) rather than open-market purchases or sales; awards are typically compensation and do not necessarily signal a market buy decision.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (appears timely within the SEC’s 2-business-day reporting window).
• Price/value: $74.05 per unit; totals $939,991 and $999,971 (combined $1,939,962).
• Units granted: 12,694 and 13,504 (total 26,198).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes from the filing:
  • Adjusted for a 3-for-2 stock split payable Feb 26, 2026.
  • One grant vests in 20% increments over five years; the other vests in 10% increments over ten years.
  • The units have no expiration date per the filing.
• Transaction type: Derivative award (units that convert to common stock upon vesting), not an open-market buy or sale.

Context

• Awards (A) are compensation-related grants. They differ from purchases (which can be interpreted as a direct bullish signal) and from sales (which may reflect diversification or tax planning). Vesting schedules determine when the units become actual shares.
• Because these are derivative/award units with multi-year vesting, the economic exposure is spread over time; they are not immediately tradable shares unless and until vesting conditions are met.