Raymond James Financial (RJF) executive reports 1,908 vested RSU shares and updated holdings

Rhea-AI Filing Summary

Raymond James Financial (RJF) executive chair of RJBank reported the vesting of stock-based awards. On 12/02/2025, the reporting person acquired 1,908 shares of RJF common stock at a price of $0.0000 per share, reflecting the vesting of performance restricted stock units granted on 12/15/2022. These awards were tied to the company’s average after-tax return on equity and its relative total shareholder return versus a peer group over a three-year period. After this transaction, the executive beneficially owns 46,415 shares directly and 3,156 shares indirectly through an Employee Stock Ownership Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Raney Steven M

Role Executive Chair RJBank

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,908	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 46,415 shares (Direct); Common Stock — 3,156 shares (Indirect, ESOP)

Footnotes (1)

1. Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2022. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 24, 2025.

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^*

Raney Steven M

(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)
	Executive Chair RJBank

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		1,908(1)	A	$0.0000	46,415	D
Common Stock								3,156(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/ Steven M. Raney 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 did RJF disclose in this Form 4 filing?

The filing reports that the executive chair of RJBank acquired 1,908 shares of Raymond James Financial common stock on 12/02/2025 from the vesting of performance-based restricted stock units.

How many Raymond James Financial (RJF) shares does the insider now own?

Following the reported transaction, the insider beneficially owns 46,415 RJF shares directly and 3,156 shares indirectly through an Employee Stock Ownership Plan (ESOP).

What was the price for the RJF shares acquired in this Form 4?

The 1,908 RJF shares acquired upon vesting were reported at a price of $0.0000 per share, reflecting that they were issued from stock-based compensation awards rather than an open-market purchase.

What performance conditions were tied to the vested RJF restricted stock units?

The restricted stock units vested based on RJF attaining specified levels of average after-tax return-on-equity, adjusted by the company’s relative total shareholder return compared to a peer group over a three-year measurement period.

What is the insider’s role at Raymond James Financial (RJF)?

The reporting person is an officer of Raymond James Financial, serving as the Executive Chair RJBank as disclosed in the filing.

Does this RJF Form 4 involve any derivative securities like options or warrants?

Table II for derivative securities shows no reported acquisitions or dispositions, and the activity disclosed relates to non-derivative common stock from vested restricted stock units.