Company: SFB
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094691
Chunk: 41

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 41
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 be made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and must not involve more than the normal risk of repayment or present other unfavorable features. From time to time, Stifel Bancorp makes loans and extensions of credit to our directors and executive officers. Outstanding loans made to our directors and executive officers, and members of their immediate families, were made in the ordinary course of business, were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Company and its subsidiaries, and did not involve more than the normal risk of collectability or present other unfavorable features. As of December 31, 2024, all such loans were performing to their original terms. Certain of our officers and directors maintain margin accounts with Stifel, Nicolaus & Company, Incorporated pursuant to which Stifel, Nicolaus & Company, Incorporated may make loans for the purchase of securities. All margin loans are made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than normal risk of collectability or present other unfavorable features. On January 2, 2019, Stifel employed an adult son of Mr. Kruszewski as an employee. The approximate total annual compensation of this individual for 2024 was $245,000. This employment constituted a related party transaction. On March 8, 2024, Messrs. Kruszewski, Zemlyak, Nesi and Reichert respectively surrendered 100,000, 50,000, 25,000 and 10,000 shares of our common stock to the Company, at the day’s closing price, which was $75.41. Mr. Chris Reichert is Chairman and CEO of Stifel Bank & Trust. On November 25, 2024, Messrs. Kruszewski, Zemlyak, Nesi and Michaud respectively surrendered 100,000, 70,000, 15,000 and 15,000 shares of our common stock to the Company, at the day’s closing price, which was $117.72. Each of the above related party transactions has been reviewed and approved by the independent directors composing the Board or appropriate committees of the Board, as applicable. We maintain various policies and procedures relating to the review, approval,