Raymond James Financial (RJF) officer gains 13,501 shares from PRSU vesting

Rhea-AI Filing Summary

Raymond James Financial executive reports stock award vesting

On 12/02/2025, a senior officer of Raymond James Financial, serving as President, Capital Markets, reported acquiring 13,501 shares of the company’s common stock at $0.0000 per share. This reflects the vesting of performance-based restricted stock units that were originally granted on 12/15/2022.

Following this transaction, the reporting person beneficially owns 95,450 shares directly and 2,069 shares indirectly through an Employee Stock Ownership Plan. The performance units vested based on the company achieving specified average after-tax return-on-equity levels, adjusted by its relative total shareholder return versus a peer group over a three-year measurement period.

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^*

Bunn James E

(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)
	President, Capital Markets

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		A		13,501(1)	A	$0.0000	95,450	D
Common Stock								2,069(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

Explanation of Responses:

1. Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2022.

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

Remarks:

This Form 4 reports the acquisition by the reporting person of common stock resulting from the vesting of Restricted Stock Units (RSUs) granted on 12/15/2022 based on the company's attaining certain levels of average after-tax return-on-equity, as modified by the company's relative total shareholder return compared to a peer group, over a three-year measurement period.

	/s/ James E. Bunn by Jonathan J. Doyle as Attorney-in-Fact	12/04/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction was reported for RJF in this Form 4?

A Raymond James Financial officer reported the acquisition of 13,501 shares of common stock on 12/02/2025 from the vesting of performance-based restricted stock units.

Who is the reporting person in this RJF Form 4 filing and what is their role?

The reporting person is an officer of Raymond James Financial, serving as President, Capital Markets, and is required to report equity transactions as an insider.

How many RJF shares does the insider own after this transaction?

After the reported transaction, the insider beneficially owns 95,450 shares of Raymond James common stock directly and 2,069 shares indirectly through an Employee Stock Ownership Plan (ESOP).

What triggered the vesting of RJF performance restricted stock units in this filing?

The vesting was based on Raymond James attaining specified levels of average after-tax return-on-equity, modified by relative total shareholder return versus a peer group over a three-year measurement period.

When were the RJF restricted stock units originally granted to the insider?

The performance restricted stock units (PRSUs) that vested into 13,501 shares were originally granted on 12/15/2022.

Were any RJF derivative securities like options or warrants reported in this Form 4?

The Form 4 includes a table for derivative securities, but no options, warrants, or other derivative securities are reported as acquired or disposed of in the provided content.