Kavanaugh James P. 4

What Happened

• James P. Kavanaugh, a director of Stifel Financial Corp. (SF), was granted 2,450 derivative units on 2026-06-09. The award is recorded at $71.40 per share, with a total reported value of $174,930. This transaction is an award/grant (acquisition of derivative units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09; filing date: 2026-06-11 (timely filing).
• Award details: 2,450 units at $71.40 per unit; total value $174,930.
• Security type: derivative units (grant/award — not immediately tradable common shares).
• Vesting/term notes: units vest quarterly over a one-year period (footnote F1); no expiration date for the units (footnote F2).
• Shares owned after the transaction: not specified in the information provided.
• Transaction code: A = grant/award (derivative); not a sale (no immediate bearish signal).

Context

• This is a compensation/award to a director and will typically vest over time before converting to reportable shares or becoming transferable. Such grants are routine for board members and do not by themselves indicate buying or selling intentions.