Stifel Financial Corp. 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.
“At Stifel, we believe fostering an ownership mindset has been an essential part of our more than two decades of growth and success," said Ronald Kruszewski, chairman and CEO. "... 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.”
