PEACOCK DAVID A 4
Research Summary
AI-generated summary
Stifel (SF) Director David Peacock Exercises 2,812 Units
What Happened
- David A. Peacock, a director of Stifel Financial Corp. (SF), reported the exercise/conversion of 2,812 derivative units on June 4, 2026. The Form 4 shows 2,812 units acquired and 2,812 derivative units disposed, both reported at $0.00, indicating a conversion-type transaction rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely within the two-business-day filing window).
- Reported price/value: $0.00 for both the acquired and disposed derivative items (no cash paid or received per the filing).
- Shares owned after the transaction: not specified in the provided summary.
- Footnotes: (F1) totals adjusted for 3-for-2 stock split payable Feb 26, 2026; (F2) units were currently exercisable; (F3) the units have no expiration date.
- Transaction code: M (exercise or conversion of derivative securities).
Context
- For retail investors: code M transactions typically mean options/units were exercised or converted into common stock or units; a $0.00 price usually reflects a non‑cash conversion (e.g., conversion of outstanding units or settlement mechanics), not an open‑market buy or sale. This filing does not by itself indicate a purchase-driven bullish signal or a routine sale — it documents a conversion event.