Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-27

Stifel Financial (SF)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$18,908,297
Ronald Kruszewski total, FY2025
79th
CEO pay percentile vs peers
145:1
CEO-to-median pay ratio
98.1%
Say-on-pay support, latest vote
Companies that benchmark against SF
13 companies name SF as a compensation peer

Each company listed discloses SF in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SF in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ronald Kruszewski$200,000$8,900,000$8,880,000$0$0$0$928,297$18,908,297
Chairman and Chief Executive Officer
James Zemlyak300,0005,820,0004,400,000000403,53710,923,537
President and Head of Global Wealth Management
Victor Nesi150,0005,850,0003,100,000000512,8219,612,821
Co-President and Head of Institutional Group (retired July 2025)
Thomas Michaud300,0006,090,0002,665,000000198,5269,253,526
Senior Vice President
C. Brad Raymond300,0002,820,0002,665,000000283,2306,068,230
Co-Head of Institutional Group
James Marischen300,0002,580,0001,620,000000128,1624,628,162
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Ronald Kruszewski$18,908,297$16,082,515$13,282,055+2,825,782
James Zemlyak10,923,5378,872,2558,494,465+2,051,282
Victor Nesi9,612,8217,709,1737,381,676+1,903,648
Thomas Michaud9,253,5263,884,1744,057,321+5,369,352
C. Brad Raymond6,068,230
James Marischen4,628,1623,769,2313,052,452+858,931

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael W. BrownDirector2026-06-04D2,812$0$0Derivative, Class A CommonForm 4 ↗
James P. KavanaughDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
Adam T. BerlewDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
James P. KavanaughDirector2026-06-04A2,81200CommonForm 4 ↗
Maryam S. BrownDirector2026-06-04A2,81200CommonForm 4 ↗
Maryam S. BrownDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
Lisa L. CarnoyDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
Michael W. BrownDirector2026-06-04A2,81200CommonForm 4 ↗
Michael J. ZimmermanDirector2026-06-04A2,81200CommonForm 4 ↗
David A. PeacockDirector2026-06-04A2,81200CommonForm 4 ↗
Maura A. MarkusDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
Maura A. MarkusDirector2026-06-04A2,81200CommonForm 4 ↗
David A. PeacockDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
Lisa L. CarnoyDirector2026-06-04A2,81200CommonForm 4 ↗
Michael J. ZimmermanDirector2026-06-04D2,81200Derivative, Class A CommonForm 4 ↗
Adam T. BerlewDirector2026-06-04A2,81200CommonForm 4 ↗
Michael J. ZimmermanDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Adam T. BerlewDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Maryam S. BrownDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Michael W. BrownDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Lisa L. CarnoyDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
James P. KavanaughDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Victor NesiDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
David A. PeacockDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Maura A. MarkusDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Robert E. GradyDirector2026-06-09A2,45071174,930Derivative, Class A CommonForm 4 ↗
Maryam S. BrownDirector2026-07-23D2,50079198,125CommonForm 4 ↗
Maryam S. BrownDirector2026-07-23D2,20079174,108CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
James ZemlyakPSU2025-03-0631,24031,24031,24035,812$4,400,000
James MarischenPSU2025-03-0612,34412,34412,34412,3441,620,000
C. Brad RaymondPSU2025-03-0612,68712,68712,68727,9262,665,000
Ronald KruszewskiPSU2025-03-0667,66267,66267,66267,6628,880,000
Victor NesiPSU2025-03-0623,62123,62123,62123,6213,100,000
Thomas MichaudPSU2025-03-0612,68712,68712,68727,9262,665,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
James Zemlyak$0$4,400,000$0100.0%
James Marischen01,620,0000100.0%
C. Brad Raymond02,665,0000100.0%
Ronald Kruszewski08,880,0000100.0%
Victor Nesi03,100,0000100.0%
Thomas Michaud02,665,0000100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James MarischenRSU13,600$1,135,328
James ZemlyakRSU58,5154,884,801
Thomas MichaudRSU3,998333,735
Victor NesiRSU40,0003,339,200
Ronald KruszewskiRSU16,0001,335,680
Ronald KruszewskiRSU11,9941,001,259
Victor NesiRSU10,347863,785
James ZemlyakRSU5,402450,917
James ZemlyakRSU31,2402,607,955
Victor NesiRSU25,2062,104,222
Ronald KruszewskiRSU45,0113,757,539
Ronald KruszewskiRSU90,4007,546,592
Victor NesiRSU18,8971,577,495
Ronald KruszewskiRSU18,8131,570,518
Thomas MichaudRSU17,5001,460,900
Thomas MichaudRSU13,5001,126,980
James MarischenRSU9,875824,368
James ZemlyakRSU8,466706,733
Thomas MichaudRSU8,100676,188
James ZemlyakRSU6,800567,664
James MarischenRSU5,851488,480
James MarischenRSU2,352196,315
Ronald KruszewskiRSU80,0006,678,400
Ronald KruszewskiRSU54,1304,518,759
James ZemlyakRSU34,0002,838,320
Thomas MichaudRSU24,7562,066,647
James ZemlyakRSU39,0003,255,720
James ZemlyakRSU23,4061,953,920
Ronald KruszewskiRSU67,6625,648,449
Ronald KruszewskiRSU54,2404,527,955
Ronald KruszewskiRSU182,24313,518,149
Victor NesiRSU97,0047,207,457
James ZemlyakRSU84,1116,232,161
Thomas MichaudRSU42,6623,134,880
Thomas MichaudRSU12,6871,059,084
James ZemlyakRSU29,1072,429,851
James MarischenRSU8,500709,580
Victor NesiRSU8,000667,840
Victor NesiRSU6,599550,843
James MarischenRSU14,6291,221,200
James MarischenRSU12,3441,030,460
Thomas MichaudRSU9,902826,659
James ZemlyakRSU23,4001,953,432
James MarischenRSU75563,031
Victor NesiRSU63,0165,260,555
James MarischenRSU27,6532,025,993
Ronald KruszewskiRSU112,5289,393,848
Victor NesiRSU37,6003,138,848
Thomas MichaudRSU3,500292,180
James MarischenRSU1,700141,916
Thomas MichaudRSU23,8651,992,223
James MarischenRSU8,160681,197
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation strategy is designed to advance Stifel's goal of being a premier wealth management and investment banking company. Stifel is an entrepreneurial meritocracy that manages its risks conservatively.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCompensation Advisory Partners LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-09123,866,2252,396,358308,17598.1%Passed
20252025-06-0485,449,4542,850,576190,00696.77%Passed
20242024-06-0584,640,1572,211,289167,46897.45%Passed
20232023-06-0790,406,506993,881268,47298.91%Passed
20222022-06-1386,992,8652,204,713269,63197.53%Passed
20212021-05-2692,220,1131,360,958207,73298.55%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0998.1%a
20252025-06-0496.77%b
20242024-06-0597.45%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not counted as shares cast and will have no effect on the outcome of these items.”.

b. Approved under the standard stated in the filing — “Accordingly, broker non-votes and abstentions will not affect the outcome of any matter being voted on at the Annual Meeting.”.

c. Approved under the standard stated in the filing — “Accordingly, broker non-votes and abstentions will not affect the outcome of any matter being voted on at the Annual Meeting.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)145 : 1
CEO total compensation$18,908,297
Median employee compensation$130,840
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David A. PeacockIndependent · Lead Independent Director · Compensation (Chair) · Nominating/Governance$180,000$175,000$0$0$0$355,000
Michael J. ZimmermanIndependent · Audit (Chair)145,000175,000000320,000
Maura A. MarkusIndependent · Audit · Nominating/Governance (Chair)140,000175,000000315,000
James P. KavanaughIndependent · Compensation110,000175,000000285,000
Adam T. BerlewIndependent · Compensation · Risk Management110,000175,000000285,000
Lisa L. CarnoyIndependent · Audit · Risk Management110,000175,000000285,000
Maryam S. BrownIndependent · Risk Management110,000175,000000285,000
Michael W. BrownIndependent · Audit110,000175,000000285,000
Thomas W. WeiselEmployee director00000
Robert E. GradyIndependent · Nominating/Governance · Risk Management (Chair)000000
Victor J. NesiNot independent · Partial-year service · Newly elected000000
Ronald J. KruszewskiEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 30,000 / 30,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,015,000
Equity awards (grant-date value)$1,400,000
All other compensation$0
Total cost of the board$2,415,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Stifel Financial names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Stifel Financial.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Moelis & Company2025Navid Mahmoodzadegan$400,000$34,120,701$0$0$42,846,376
2Ameriprise Financial, Inc.2025James Cracchiolo1,250,0009,500,00007,750,00030,828,468
3Jefferies Financial Group Inc.2025Richard Handler1,000,00017,206,2430028,447,020
4Stifel Financial2025Ronald Kruszewski200,0008,880,0000018,908,297
5Raymond James Financial, Inc.2025Paul Shoukry750,0008,549,748017,277,875
6T. Rowe Price Group, Inc.2025Robert Sharps350,0008,401,68908,401,50017,245,792
7Evercore Inc.2025John S. Weinberg500,0005,888,5390017,138,539
8Franklin Resources, Inc.2025Jennifer Johnson750,0008,959,77106,925,00016,844,816
9Affiliated Managers Group Inc.2025Jay Horgen750,0008,967,00006,525,00016,311,950
10Invesco Ltd.2025Andrew Schlossberg750,00010,084,90305,321,25016,299,849
11LPL Financial Holdings Inc.2025Richard Steinmeier900,00010,045,54203,591,00014,574,496
12Lazard Ltd.2025Peter Orszag900,0008,666,5480013,723,452
13Houlihan Lokey, Inc.2025Scott Adelson500,0000010,500,00011,329,033
14Piper Sandler Companies2025Chad Abraham650,0003,735,35506,165,00011,030,039
15Northern Trust Corp.2025Michael O'Grady1,000,0006,150,11102,730,00010,059,154

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Stifel Financialnot disclosednot disclosedNoCompensation Advisory Partners LLC
Affiliated Managers Group Inc.134%PSU 75 · RSU 25NoSemler Brossy Consulting Group, LLC
Ameriprise Financial, Inc.not disclosednot disclosednot disclosedSemler Brossy
Evercore Inc.not disclosedRSU 50not disclosednot disclosed
Franklin Resources, Inc.1847%PSU 100YesSemler Brossy Consulting Group
Houlihan Lokey, Inc.2100%not disclosedNoWTW
Invesco Ltd.129%PSU 60 · RSU 40Yes — Relative TSRJohnson Associates
Jefferies Financial Group Inc.not disclosednot disclosedNoPearl Meyer
Lazard Ltd.not disclosedMSU 50 · PIPR 50Yes — 3-year relative TSR vs. S&P 1500Compensation Advisory Partners (CAP)
LPL Financial Holdings Inc.133%PSU 70 · RSU 30Yes — TSR relative to Comparator GroupCompensation Consultant
Moelis & Companynot disclosednot disclosedYes — TSR Performance ConditionWillis Towers Watson
Northern Trust Corp.not disclosednot disclosednot disclosednot disclosed
Piper Sandler Companiesnot disclosedPSU 100Yes — Relative TSRSemler Brossy
Raymond James Financial, Inc.not disclosedPSU 60NoMeridian Compensation Partners
T. Rowe Price Group, Inc.not disclosedRSU 50 · PRSU 50not disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ronald KruszewskiDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 18,908,297. Filing ↗machine: t238 · r3 · c23 · span 1013386–1013396
2Section 01, James ZemlyakDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 10,923,537. Filing ↗machine: t238 · r7 · c23 · span 1029039–1029049
3Section 01, Victor NesiDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 9,612,821. Filing ↗machine: t238 · r20 · c23 · span 1081209–1081218
4Section 01, Thomas MichaudDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 9,253,526. Filing ↗machine: t238 · r11 · c23 · span 1044235–1044244
5Section 01, C. Brad RaymondDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 6,068,230. Filing ↗machine: t238 · r15 · c23 · span 1060852–1060861
6Section 01, James MarischenDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 4,628,162. Filing ↗machine: t238 · r17 · c23 · span 1065868–1065877
7Section 03, James Zemlyak PSUDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t245 · r7 · c9 · span 1131600–1131606
8Section 03, James Marischen PSUDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t245 · r13 · c9 · span 1138711–1138717
9Section 03, C. Brad Raymond PSUDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t238 · r15 · c15 · span 1059002–1059011
10Section 03, Ronald Kruszewski PSUDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t245 · r5 · c9 · span 1129196–1129202
11Section 03, Victor Nesi PSUDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t245 · r15 · c9 · span 1141465–1141471
12Section 03, Thomas Michaud PSUDEF 14A2026-04-290001193125-26-191643Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t245 · r9 · c9 · span 1133954–1133960
13Section 07, pay ratioDEF 14A2026-04-290001193125-26-191643Section “CEO Pay Ratio”. As printed: 145 : 1. Filing ↗machine: t299 · r6 · c12 · span 1387359–1387367
14Section 08, David A. PeacockDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 355,000. Filing ↗machine: t290 · r20 · c11 · span 1358243–1358250
15Section 08, Michael J. ZimmermanDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 320,000. Filing ↗machine: t290 · r22 · c11 · span 1360331–1360338
16Section 08, Maura A. MarkusDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 315,000. Filing ↗machine: t290 · r16 · c11 · span 1354416–1354423
17Section 08, James P. KavanaughDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 285,000. Filing ↗machine: t290 · r14 · c11 · span 1352681–1352688
18Section 08, Adam T. BerlewDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 285,000. Filing ↗machine: t290 · r4 · c11 · span 1343546–1343553
19Section 08, Lisa L. CarnoyDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 285,000. Filing ↗machine: t290 · r10 · c11 · span 1348851–1348858
20Section 08, Maryam S. BrownDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 285,000. Filing ↗machine: t290 · r6 · c11 · span 1345206–1345213
21Section 08, Michael W. BrownDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 285,000. Filing ↗machine: t290 · r8 · c11 · span 1346817–1346824
22Section 08, Thomas W. WeiselDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Robert E. GradyDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 0. Filing ↗machine: t290 · r12 · c11 · span 1350643–1350650
24Section 08, Victor J. NesiDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 0. Filing ↗machine: t290 · r18 · c11 · span 1356507–1356514
25Section 08, Ronald J. KruszewskiDEF 14A2026-04-290001193125-26-191643Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Michael W. Brown 2026-06-04Form 42026-06-080001193125-26-262105Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, James P. Kavanaugh 2026-06-04Form 42026-06-080001193125-26-262026Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Adam T. Berlew 2026-06-04Form 42026-06-080001193125-26-262051Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, James P. Kavanaugh 2026-06-04Form 42026-06-080001193125-26-262026Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Maryam S. Brown 2026-06-04Form 42026-06-080001193125-26-262021Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Maryam S. Brown 2026-06-04Form 42026-06-080001193125-26-262021Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Lisa L. Carnoy 2026-06-04Form 42026-06-080001193125-26-261973Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Michael W. Brown 2026-06-04Form 42026-06-080001193125-26-262105Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Michael J. Zimmerman 2026-06-04Form 42026-06-080001193125-26-262079Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, David A. Peacock 2026-06-04Form 42026-06-080001193125-26-262056Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Maura A. Markus 2026-06-04Form 42026-06-080001193125-26-262066Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Maura A. Markus 2026-06-04Form 42026-06-080001193125-26-262066Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, David A. Peacock 2026-06-04Form 42026-06-080001193125-26-262056Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Lisa L. Carnoy 2026-06-04Form 42026-06-080001193125-26-261973Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Michael J. Zimmerman 2026-06-04Form 42026-06-080001193125-26-262079Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Adam T. Berlew 2026-06-04Form 42026-06-080001193125-26-262051Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Michael J. Zimmerman 2026-06-09Form 42026-06-110001193125-26-267572Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Adam T. Berlew 2026-06-09Form 42026-06-110001193125-26-267695Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Maryam S. Brown 2026-06-09Form 42026-06-110001193125-26-267684Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Michael W. Brown 2026-06-09Form 42026-06-110001193125-26-267648Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Lisa L. Carnoy 2026-06-09Form 42026-06-110001193125-26-267637Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, James P. Kavanaugh 2026-06-09Form 42026-06-110001193125-26-267627Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Victor Nesi 2026-06-09Form 42026-06-110001193125-26-267610Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, David A. Peacock 2026-06-09Form 42026-06-110001193125-26-267604Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Maura A. Markus 2026-06-09Form 42026-06-110001193125-26-267554Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Robert E. Grady 2026-06-09Form 42026-06-110001193125-26-267583Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Maryam S. Brown 2026-07-23Form 42026-07-270001193125-26-318164Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Maryam S. Brown 2026-07-23Form 42026-07-270001193125-26-318164Insider equity transaction reported since the proxy statement. Filing ↗
54Section 06, 2026 voteForm 8-K2026-06-090001193125-26-263768Item 5.07 · say-on-pay result. As reported: 98.1% (votes for as printed: 123,866,225). Filing ↗
55Section 06, 2025 voteForm 8-K2025-06-040001193125-25-134887Item 5.07 · say-on-pay result. As reported: 96.77% (votes for as printed: 85,449,454). Filing ↗
56Section 06, 2024 voteForm 8-K2024-06-050001193125-24-155123Item 5.07 · say-on-pay result. As reported: 97.45% (votes for as printed: 84,640,157). Filing ↗
57Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
58Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
59Section 09b board cost (computed)ComputedcomputedCash 1,015,000 + equity 1,400,000 + all other 0 = 2,415,000, summed across the director compensation table rows.machine: formula: Σ = 2,415,000
60Moelis & Company, Section 10b CEO totalDEF 14A2026-04-300001193125-26-193242CEO total compensation as printed in Moelis & Company's own proxy. As printed: 42,846,376. Filing ↗machine: t240 · r10 · c16 · span 660051–660061
61Ameriprise Financial, Inc., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032725CEO total compensation as printed in Ameriprise Financial, Inc.'s own proxy. As printed: 30,828,468. Filing ↗machine: t208 · r10 · c16 · span 1368799–1368809
62Jefferies Financial Group Inc., Section 10b CEO totalDEF 14A2026-02-230001140361-26-006361CEO total compensation as printed in Jefferies Financial Group Inc.'s own proxy. As printed: 28,447,020. Filing ↗machine: r2 · c25 · span 1220527–1220537
63Stifel Financial (subject), Section 10b CEO totalDEF 14A2026-04-290001193125-26-191643CEO total compensation as printed in Stifel Financial's own proxy. As printed: 18,908,297. Filing ↗machine: t238 · r3 · c23 · span 1013386–1013396
64Raymond James Financial, Inc., Section 10b CEO totalDEF 14A2026-01-070000720005-26-000019CEO total compensation as printed in Raymond James Financial, Inc.'s own proxy. As printed: 17,277,875. Filing ↗machine: t155 · r2 · c15 · span 1103853–1103864
65T. Rowe Price Group, Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-028876CEO total compensation as printed in T. Rowe Price Group, Inc.'s own proxy. As printed: 17,245,792. Filing ↗machine: span 1474238–1474248
66Evercore Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191911CEO total compensation as printed in Evercore Inc.'s own proxy. As printed: 17,138,539. Filing ↗machine: t182 · r9 · c23 · span 595538–595548
67Franklin Resources, Inc., Section 10b CEO totalDEF 14A2025-12-220001140361-25-046314CEO total compensation as printed in Franklin Resources, Inc.'s own proxy. As printed: 16,844,816. Filing ↗machine: r8 · c22 · span 1261002–1261012
68Affiliated Managers Group Inc., Section 10b CEO totalDEF 14A2026-04-170001628280-26-025798CEO total compensation as printed in Affiliated Managers Group Inc.'s own proxy. As printed: 16,311,950. Filing ↗machine: span 1521708–1521718
69Invesco Ltd., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140019CEO total compensation as printed in Invesco Ltd.'s own proxy. As printed: 16,299,849. Filing ↗machine: t223 · r2 · c27 · span 1030655–1030665
70LPL Financial Holdings Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140066CEO total compensation as printed in LPL Financial Holdings Inc.'s own proxy. As printed: 14,574,496. Filing ↗machine: t313 · r3 · c29 · span 1887460–1887470
71Lazard Ltd., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024088CEO total compensation as printed in Lazard Ltd.'s own proxy. As printed: 13,723,452. Filing ↗machine: r3 · c11 · span 3696981–3696991
72Houlihan Lokey, Inc., Section 10b CEO totalDEF 14A2025-07-250001302215-25-000084CEO total compensation as printed in Houlihan Lokey, Inc.'s own proxy. As printed: 11,329,033. Filing ↗machine: t36 · r2 · c14 · span 344700–344710
73Piper Sandler Companies, Section 10b CEO totalDEF 14A2026-04-090001104659-26-041101CEO total compensation as printed in Piper Sandler Companies's own proxy. As printed: 11,030,039. Filing ↗machine: t78 · r1 · c41 · span 720190–720200
74Northern Trust Corp., Section 10b CEO totalDEF 14A2026-03-110000073124-26-000022CEO total compensation as printed in Northern Trust Corp.'s own proxy. As printed: 10,059,154. Filing ↗machine: r3 · c36 · span 1256395–1256406
75Section 10a, LPL Financial Holdings Inc. reciprocityDEF 14A0001193125-26-140066LPL Financial Holdings Inc. names Stifel Financial in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, Jefferies Financial Group Inc. reciprocityDEF 14A0001140361-26-006361Jefferies Financial Group Inc. names Stifel Financial in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Piper Sandler Companies reciprocityDEF 14A0001104659-26-041101Piper Sandler Companies names Stifel Financial in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, Moelis & Company reciprocityDEF 14A0001193125-26-193242Moelis & Company's most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
79Section 10a, Ameriprise Financial, Inc. reciprocityDEF 14A0001104659-26-032725Ameriprise Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
80Section 10a, Evercore Inc. reciprocityDEF 14A0001193125-26-191911Evercore Inc. names Stifel Financial in its own disclosed peer group (read from its most recent proxy). Filing ↗
81Section 10a, Raymond James Financial, Inc. reciprocityDEF 14A0000720005-26-000019Raymond James Financial, Inc. names Stifel Financial in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Northern Trust Corp. reciprocityDEF 14A0000073124-26-000022Northern Trust Corp.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
83Section 10a, Franklin Resources, Inc. reciprocityDEF 14A0001140361-25-046314Franklin Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
84Section 10a, T. Rowe Price Group, Inc. reciprocityDEF 14A0001104659-26-028876T. Rowe Price Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
85Section 10a, Invesco Ltd. reciprocityDEF 14A0001193125-26-140019Invesco Ltd.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
86Section 10a, Houlihan Lokey, Inc. reciprocityDEF 14A0001302215-25-000084Houlihan Lokey, Inc.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗
87Section 10a, Affiliated Managers Group Inc. reciprocityDEF 14A0001628280-26-025798Affiliated Managers Group Inc.'s most recent proxy was read; its disclosed peer group does not include Stifel Financial. Filing ↗