[Form 4] RAYMOND JAMES FINANCIAL INC Insider Trading Activity

Rhea-AI Filing Summary

Raymond James Financial, Inc. (RJF) reported an equity award to one of its executives. On 11/21/2025, Chief Accounting Officer Katherine H. Larson received a grant of 1,652 restricted stock units (RSUs) under a company plan.

Each RSU represents a right to receive one share of RJF common stock plus accrued cash in lieu of dividends when the award vests. The RSUs vest over time: 60% on 11/30/2028, 20% on 11/30/2029, and the remaining 20% on 11/30/2030. The Form 4 states the derivative security price as $0.0000, reflecting that this is a compensatory grant rather than an open-market purchase.

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
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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^*

Larson Katherine H

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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

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)	11/21/2025		A		1,652		(2)	11/30/2030	Common Stock	1,652	$0.0000	1,652	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. RSUs vest 60% on 11/30/2028, 20% on 11/30/2029, and 20% on 11/30/2030.

Remarks:

This Form 4 reports a grant of RSUs to the reporting person. larsonpoa.txt

	/s/ Katherine H. Larson by Jonathan J. Doyle as Attorney-in-Fact	11/25/2025
	** 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 Raymond James Financial (RJF) disclose in this Form 4 filing?

Raymond James Financial disclosed that its Chief Accounting Officer, Katherine H. Larson, received a grant of 1,652 restricted stock units (RSUs) on 11/21/2025.

Who is the reporting person in RJF's latest Form 4 and what is their role?

The reporting person is Katherine H. Larson, who serves as Chief Accounting Officer of Raymond James Financial, Inc.

How many RSUs were granted to the RJF Chief Accounting Officer and when?

The Chief Accounting Officer was granted 1,652 RSUs on 11/21/2025, as reported in Table II of the Form 4.

What is the vesting schedule for the 1,652 RJF restricted stock units?

The RSUs vest in stages: 60% on 11/30/2028, 20% on 11/30/2029, and 20% on 11/30/2030, according to the explanation of responses.

What does each restricted stock unit represent in RJF's Form 4 filing?

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

Was the RJF RSU grant an open-market purchase?

No. The RSUs are shown with a price of $0.0000, indicating they are a compensatory equity award rather than an open-market stock purchase.

Is this RJF Form 4 filed for one reporting person or multiple insiders?

The form is indicated as filed by one reporting person, covering only the transactions of the Chief Accounting Officer.