REICHERT CHRISTOPHER K 4
Research Summary
AI-generated summary
STIFEL (SF) CEO Christopher Reichert Receives Equity Award
What Happened
- Christopher K. Reichert, CEO of Stifel Bank & Trust, received two derivative equity awards (reported as "A" — grant/award) on February 27, 2026: 5,402 units at $74.05 each ($400,018) and 4,051 units at $74.05 each ($299,977), for a combined 9,453 units valued at approximately $699,995 (~$700,000). These are reported as derivative awards (not open-market purchases or sales) and are compensation-related grants.
Key Details
- Transaction date: 2026-02-27; reported filing date: 2026-03-03 (filed within the SEC two-business-day deadline).
- Price used for valuation: $74.05 per unit.
- Total units granted: 9,453; total reported value: $699,995 (rounded ~$700k).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes of note:
- F1: Amounts adjusted to reflect a 3-for-2 stock split payable Feb 26, 2026.
- F2: One award vests in 20% increments over five years.
- F4 & F3: The other award vests in 10% increments over ten years and is reported as having no expiration.
- Transaction type code: A = Award/Grant (derivative securities).
Context
- These grants are compensation awards subject to multi-year vesting schedules, so they are not immediately tradable shares and do not represent an open-market purchase or sale. Awards like this are routine for executives and primarily reflect long-term incentive compensation rather than an immediate market signal.