Carnoy Lisa Landau 4

What Happened Lisa Carnoy, a director of STIFEL FINANCIAL CORP (SF), was granted 2,450 derivative units on June 9, 2026, at a reported per‑unit value of $71.40, for a total grant value of $174,930. The Form 4 classifies this as an "A" (award/acquisition) of a derivative security — a compensation grant rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-09
• Transaction type/code: Award/Grant (A) — derivative units
• Quantity & value: 2,450 units @ $71.40 each = $174,930 total
• Vesting: Units vest quarterly over a one‑year period (Footnote F1)
• Expiration: No expiration date for these units (Footnote F2)
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Filing timeliness: Report period 2026-06-09; Form filed 2026-06-11 — timely (not late)

Context These units are derivative compensation (often similar to restricted stock units) and typically convert to stock or cash value only upon vesting, so they are not immediately tradable shares. Grants to directors are a common form of compensation and do not, by themselves, indicate insider buying or selling intent.