Raymond James (RJF) director awarded 1,303 RSUs, exercises 1,253

Rhea-AI Filing Summary

Raymond James Financial director Jeffrey N. Edwards reported equity compensation activity involving restricted stock units (RSUs) and common stock. He received a grant of 1,303 RSUs, each representing a contingent right to one share of common stock plus accrued cash in lieu of dividends.

The new RSU award will vest at the date of the next annual shareholders meeting, but no later than March 15, 2027. On the same date, 1,253 previously granted RSUs vested and were exercised into 1,253 shares of common stock at a stated price of $0.00 per share.

Insider Trade Summary

1,253 shares exercised/converted

Mixed 4 txns

Insider Edwards Jeffrey N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,303	$0.00	--
Exercise	Restricted Stock Units	1,253	$0.00	--
Exercise	Common Stock	1,253	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,556 shares (Direct); Common Stock — 11,036.5 shares (Direct); Common Stock — 20,504.5 shares (Indirect, By Spouse)

Footnotes (1)

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. The award will vest at the date of the next succeeding annual shareholders meeting, but no later than March 15, 2027. The award vested in accordance with its terms, which provided for vesting at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Edwards Jeffrey N

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		M		1,253	A	$0(1)	11,036.5	D
Common Stock								20,504.5	I	By Spouse

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)	02/19/2026		A		1,303		(2)	(2)	Common Stock	1,303	$0.0000	2,556	D
Restricted Stock Units	(1)	02/19/2026		M			1,253	(3)	(3)	Common Stock	1,253	$0.0000	1,303	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. The award will vest at the date of the next succeeding annual shareholders meeting, but no later than March 15, 2027.

3. The award vested in accordance with its terms, which provided for vesting at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant.

Remarks:

This Form 4 reports (i) the acquisition by the reporting person of RSUs resulting from an annual grant to the registrant's non-executive directors and (ii) the vesting of RSUs awarded to the reporting person.

	/s/ Jeffrey N. Edwards by Jonathan J. Doyle as Attorney-in-Fact	02/23/2026
	** 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 transactions did Jeffrey N. Edwards report for RJF?

Jeffrey N. Edwards reported equity compensation activity involving restricted stock units and common stock. He received 1,303 new RSUs and 1,253 previously granted RSUs vested and were converted into 1,253 shares of Raymond James Financial common stock at a stated price of $0.00 per share.

How many restricted stock units were granted to the RJF director?

The director received a grant of 1,303 restricted stock units. Each RSU represents a contingent right to receive one share of Raymond James Financial common stock plus accrued cash in lieu of dividends, subject to vesting conditions tied to a future annual shareholders meeting date.

When will the newly granted RJF restricted stock units vest?

The newly granted 1,303 RSUs will vest at the date of the next succeeding annual shareholders meeting, but no later than March 15, 2027. Vesting must occur within that timeframe based on the award’s terms linked to the company’s shareholder meeting schedule.

What happened to the previously granted RSUs reported in this RJF filing?

Previously granted RSUs totaling 1,253 units vested in accordance with their original terms. Those terms provided for vesting at the next annual shareholders meeting following the grant date, but no later than March 15 of the following calendar year, and converted into common shares.

Did the RJF director buy or sell shares on the open market?

The transactions reported reflect grants and exercises of equity awards, not open-market purchases or sales. RSUs vested and converted into common stock at a stated price of $0.00 per share as part of the director’s compensation program, rather than discretionary trading activity.

What indirect holdings are reported for the RJF director?

The filing shows indirect ownership of Raymond James Financial common stock held by the director’s spouse. This indirect position is reported as a holding entry, with shares reflected as beneficially owned through the spouse, separate from the director’s directly held RSUs and common stock.