Stifel revises wealth accumulation plan for officers

ST. LOUIS – Stifel Financial Corp (NYSE:SF). has announced a revision to its executive compensation structure, according to a recent SEC filing. On Monday, the Compensation Committee of the Board of Directors approved a restatement of the Stifel Financial Corp. Wealth Accumulation Plan (the “Plan”), which introduces modifications to certain provisions of the previously filed Plan documents.

The updated Plan is designed to align the interests of the company’s officers with those of shareholders and aims to incentivize long-term performance. This alignment appears to be working, as InvestingPro analysis shows the company has maintained strong profitability with an 85.4% gross profit margin in the last twelve months. While the specific details of the changes have not been disclosed, the full text of the Plan has been attached as Exhibit 10.1 in the Form 8-K filing.

In conjunction with the Plan’s restatement, the Committee also approved a Restricted Stock Unit Award Agreement and a Deferred Award Agreement under the Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement). These agreements, outlined in Exhibits 10.2 and 10.3 respectively, are part of the company’s broader strategy to retain and motivate its key executives.

The filing indicates that these corporate governance actions are part of Stifel’s ongoing efforts to maintain competitive compensation practices within the industry. Stifel Financial Corp., headquartered in St. Louis, Missouri, is a well-established firm within the financial services sector, specializing in securities brokerage, investment banking, and related financial services. The company has demonstrated its commitment to shareholder returns by raising its dividend for eight consecutive years, currently offering a 1.6% yield.

The company’s common stock, as well as various series of preferred stock and senior notes, are traded on the New York Stock Exchange under the symbols SF, SF-PB, SF-PC, SF-PD, and SFB respectively.

Investors and stakeholders can access the full text of the revised Wealth Accumulation Plan and associated award agreements through the SEC filing. This information is based on a press release statement and aims to provide a clear overview of the recent corporate developments at Stifel Financial Corp.

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