Raymond James (RJF) Chief Admin Officer Discloses RSU Vesting and Tax Share Sales

Rhea-AI Filing Summary

Raymond James Financial executive reports RSU vesting and tax share sales. Officer Bella Loykhter Allaire, Chief Administrative Officer of Raymond James Financial, reported several equity transactions dated 11/30/2025. A total of 1,500 restricted stock units and another 1,264 RSUs were converted to common stock at an exercise price of $0.00 per share as the awards vested.

To cover tax liabilities related to this vesting, Allaire disposed of 467 and 555 shares of common stock at a price of $156.54 per share back to the issuer. After these transactions, she directly owned 76,328 shares of Raymond James Financial common stock and indirectly held 1,251 shares through an Employee Stock Ownership Plan as of the dates noted. Each RSU represents a right to receive one share of common stock plus cash in lieu of dividends upon vesting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Allaire Bella Loykhter

(Last) (First) (Middle)

880 CARILLON PARKWAY

(Street)

ST. PETERSBURG FL 33716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RAYMOND JAMES FINANCIAL INC [ RJF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Admin Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/30/2025		M		1,500	A	$0(1)	76,086	D
Common Stock	11/30/2025		M		1,264	A	$0(1)	77,350	D
Common Stock	11/30/2025		F		467	D	$156.54	76,883	D
Common Stock	11/30/2025		F		555	D	$156.54	76,328	D
Common Stock								1,251(2)	I	ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	11/30/2025		M			1,500	(3)	11/30/2025	Common Stock	1,500	$0.0000	0.0000	D
Restricted Stock Units	(1)	11/30/2025		M			1,264	(4)	11/30/2026	Common Stock	1,264	$0.0000	1,264	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends.

2. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 24, 2025.

3. RSUs vested 60% on 11/30/2023, 20% on 11/30/2024, and 20% on 11/30/2025.

4. RSUs vested 60% on 11/30/2024, 20% on 11/30/2025, and will vest 20% on 11/30/2026.

Remarks:

This Form 4 reports (i) the partial vesting of RSUs awarded to the reporting person and (ii) dispositions by the reporting person to the issuer to cover the tax liability in connection with such vesting. allairepoa.txt

	/s/ Bella Loykhter Allaire by Jonathan J. Doyle as Attorney-in-Fact	12/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did RJF executive Bella Loykhter Allaire report?

Bella Loykhter Allaire reported vesting of restricted stock units that converted into 1,500 and 1,264 shares of Raymond James Financial common stock on 11/30/2025, along with related share dispositions for taxes.

How many RJF shares were sold to cover taxes in this Form 4?

To cover tax liabilities associated with RSU vesting, Bella Loykhter Allaire disposed of 467 shares and 555 shares of Raymond James Financial common stock at $156.54 per share.

How many RJF shares does Bella Loykhter Allaire own after these transactions?

Following the reported transactions, she directly owned 76,328 shares of Raymond James Financial common stock and indirectly held 1,251 shares through an Employee Stock Ownership Plan.

What does each RJF restricted stock unit (RSU) represent in this filing?

Each restricted stock unit represents a contingent right, upon vesting, to receive one share of Raymond James Financial common stock and accrued cash in lieu of dividends.

How do the reported RJF RSUs vest over time?

One RSU award vested 60% on 11/30/2023, 20% on 11/30/2024, and 20% on 11/30/2025. Another vested 60% on 11/30/2024, 20% on 11/30/2025, and will vest 20% on 11/30/2026.

What is the role of Bella Loykhter Allaire at Raymond James Financial (RJF)?

Bella Loykhter Allaire is reported as an officer of Raymond James Financial, holding the title of Chief Administrative Officer.