Rubulotta David 4

What Happened

• David Rubulotta, Co‑Head of Fixed Income Capital Markets at Stifel Financial Corp (ticker: SF), was granted two derivative equity awards on February 27, 2026. The awards total 24,037 units (10,533 + 13,504) priced at $74.05 per share, with an aggregate notional value of roughly $1,779,940. These were reported on a Form 4 filed March 3, 2026.
• This was an award/grant (derivative securities), not an open‑market purchase or sale. Awards typically vest over time and do not indicate an immediate buy or sell of shares.

Key Details

• Transaction date: 2026-02-27; reported on Form 4 filed 2026-03-03.
• Grants: 10,533 units @ $74.05 (value $779,969) and 13,504 units @ $74.05 (value $999,971).
• Total units granted: 24,037; total notional value: ~$1.78M.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes/vesting and terms:
  • F1: Totals adjusted for a 3-for-2 stock split effective Feb 26, 2026.
  • F2: One award vests in 20% increments over five years.
  • F3: One set of units has no expiration date.
  • F4: One award vests in 10% increments over ten years.
• Filing timeliness: Form 4 was filed six days after the transaction date (Feb 27 → Mar 3); check the filed Form 4 for any late‑filing indicator.

Context

• These grants are derivative equity awards (commonly restricted stock units or similar) that vest over multiple years; they do not represent an immediate open‑market purchase or sale of shares.
• Awards are compensation and retention tools and should be interpreted differently than purchases (which can signal direct buying interest) or sales (which can signal cashing out).