Stifel Financial Gives $5,000 Stock Grant to Approximately 4,200 Employees

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) announced a major equity grant program for approximately 4,200 employees, aiming to make nearly all employees shareholders. Each employee will receive a one-time restricted stock unit grant of $5,000, with future new hires also eligible for similar awards. Chairman and CEO Ronald Kruszewski emphasized that this initiative fosters an ownership culture vital for the company's growth. The program highlights Stifel's commitment to empowering its employees and strengthening its 'one firm' culture.

Positive

• Equity grants of $5,000 to approximately 4,200 employees, enhancing employee ownership.
• Plans to extend stock ownership to all eligible associates, reinforcing company culture.

Negative

• None.

Substantially All Employees to Achieve Equity Ownership in Company

ST. LOUIS, March 30, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that it will give equity grants to approximately half of its employees, as part of an objective to ultimately make all Stifel employees shareholders. Through the program, approximately 4,200 current employees will receive a one-time restricted stock unit grant of $5,000 per individual. Going forward, qualifying new employees will be eligible for a similar award. With the implementation of this program, in combination with existing employee ownership, substantially all Stifel employees will achieve equity ownership in the company.

Chairman and CEO Ronald Kruszewski commented, “At Stifel, we believe fostering an ownership mindset has been an essential part of our more than two decades of growth and success. Broadly speaking, about 4,200 associates who have not historically received stock as a part of their compensation will participate in this program, joining their colleagues who already own Stifel shares. Extending ownership to all eligible associates is yet another example of Stifel’s “one firm” culture where everyone is empowered to think and care about the company like an owner.”

Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

Media Contact
Neil Shapiro, +1 (212) 271-3447
shapiron@stifel.com

Investor Relations Contact
Joel Jeffrey, +1 (212) 271-3610
investorrelations@stifel.com

 

FAQ

What is the equity grant program announced by Stifel Financial Corp. (SF)?

Stifel Financial Corp. announced an equity grant program where approximately 4,200 employees will receive a one-time $5,000 restricted stock unit grant.

How many employees will benefit from Stifel's equity grant program?

Approximately 4,200 employees will benefit from the equity grant program.

What is the purpose of Stifel's equity grant program?

The program aims to expand employee ownership and foster an ownership mindset across the company.

Who is the CEO of Stifel Financial Corp. who commented on the equity program?

Ronald Kruszewski is the Chairman and CEO of Stifel Financial Corp. who commented on the program.