MICHAUD THOMAS B. (Senior Vice President) exercised options at STIFEL FINANCIAL CORP
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 2/20/2026ACC: 0001193125-26-061566
Officer· Senior Vice President
Since Feb 2026
+12.24K
Net shares
Net buyer
$961.9K
Total sold
0
Open market trades
0B · 0S
4
Total transactions
36.40K acquired · 24.16K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+16.18K
Price / share
—
Trade value
—
% of position
20.7%
2/18/2026
78.29K→94.47K
Common Stock
Direct
Shares
−7.98K
Price / share
$120.49
Trade value
$961.87K
% of position
8.5%
2/18/2026
94.47K→86.49K
Total
Net shares
+8.20K
Net value
-$961.87K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 2/18/2026 | M · Option Exercise | +16.18K | — | — | 20.7% | 78.29K | 94.47K |
| Common Stock Direct | 2/18/2026 | F · Tax Withholding | −7.98K | $120.49 | $961.87K | 8.5% | 94.47K | 86.49K |
| Total | +8.20K | -$961.87K | ||||||
Derivative Transactions2
Phantom Stock Units
Direct
Converts to
Common Stock
20.22K shares
Shares
+20.22K
Strike price
0
Held after
50.51K
Exercisable
—
2/18/2026
Phantom Stock Units
Direct
Converts to
Common Stock
16.18K shares
Shares
−16.18K
Strike price
0
Held after
34.33K
Exercisable
—
2/18/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Phantom Stock Units Direct | Common Stock20.22K shares | 2/18/2026 | A · Award | +20.22K | 0 | — | 50.51K |
| Phantom Stock Units Direct | Common Stock16.18K shares | 2/18/2026 | M · Option Exercise | −16.18K | 0 | — | 34.33K |