ZIMMERMAN MICHAEL J 4

What Happened Michael J. Zimmerman, a director of Stifel Financial Corp (SF), received an award of 2,450 derivative units on 2026-06-09. The units are reported at a per-unit value of $71.40, for a total reported value of $174,930. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09; reported on Form 4 filed 2026-06-11 (appears timely).
• Amount: 2,450 derivative units at $71.40 each; total value $174,930.
• Transaction type: Grant / award (derivative units), code A.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — units vest quarterly over a one-year period; F2 — no expiration date for these units.
• No 10b5-1 plan, tax withholding, or sale associated with this filing.

Context This report documents a compensation-related award to a company director. Derivative unit grants like this typically vest over time (here, quarterly over one year) and are not immediate market purchases or sales, so they are more an element of director compensation than a direct buy/sell signal.