Stifel Financial (SF) investor relations material

Executive summary

• Annual meeting scheduled for June 9, 2026, will be held virtually, with a key vote on increasing the equity incentive plan by 9,000,000 shares, including 175,000 for non-employee directors.

• The board unanimously recommends voting for the equity incentive proposal, emphasizing its role in talent retention and alignment with shareholders.

• Glass Lewis supports the proposal, while ISS recommends against it, citing concerns about plan cost and dilution, which management disputes.

• Management highlights a strong track record of dilution control, with no net dilution in recent years due to share repurchases and net settlements.

• Forward-looking statements caution that actual results may differ from projections due to inherent risks and uncertainties.

Voting matters and shareholder proposals

• Shareholders are asked to approve an increase in the equity incentive plan's share capacity by 9,000,000 shares.

• The proposal is intended to maintain the company's ability to attract and retain key talent and align compensation with shareholder interests.

• Previous similar proposals were approved by shareholders despite ISS opposition.

Board of directors and corporate governance

• The board is 75% independent, and the compensation committee is 100% independent, overseeing equity award decisions.

• The board's approach to change of control provisions and share recycling is designed to protect shareholder interests.