Raymond James Financial (NYSE: RJF) reports new RSU awards to chief risk officer

Rhea-AI Filing Summary

Raymond James Financial disclosed new equity awards to its chief risk officer, David Krauss, reflecting part of his compensation. On 12/15/2025, he received 3,661 restricted stock units (RSUs), each representing a right to one share of common stock plus accrued cash in lieu of dividends upon vesting. These RSUs vest 60% on 12/15/2028, 20% on 12/15/2029, and 20% on 12/15/2030.

On the same date, he was also granted an additional 671 RSUs as a portion of his annual bonus under the Amended and Restated 2012 Stock Incentive Plan. All RSUs are held directly and convert into common stock if vesting conditions are met, aligning a portion of the officer’s pay with future company performance.

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

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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^*

Krauss David

(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 Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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)	12/15/2025		A		3,661		(2)	12/15/2030	Common Stock	3,661	$0.0000	3,661	D
Restricted Stock Units	(1)	12/15/2025		A		671(3)		12/15/2028	12/15/2028	Common Stock	671	$0.0000	671	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 12/15/2028, 20% on 12/15/2029, and 20% on 12/15/2030.

3. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan.

Remarks:

This Form 4 reports (i) a grant of management RSUs to the reporting person and (ii) a grant of RSUs as a portion of the annual bonus to the reporting person.

	/s/ David Krauss by Jonathan J. Doyle as Attorney-in-Fact	12/17/2025
	** 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 did RJF report for its chief risk officer?

Raymond James Financial reported that its chief risk officer, David Krauss, received new grants of restricted stock units (RSUs) as part of his compensation on 12/15/2025.

How many RSUs were granted to the RJF chief risk officer and on what terms?

He received 3,661 management RSUs and an additional 671 RSUs as part of his annual bonus. Each RSU represents a right to receive one share of common stock plus accrued cash in lieu of dividends upon vesting.

What is the vesting schedule for the 3,661 RSUs at Raymond James Financial (RJF)?

The 3,661 RSUs vest in tranches: 60% on 12/15/2028, 20% on 12/15/2029, and 20% on 12/15/2030, subject to the award’s terms.

Under which plan were the bonus RSUs granted at Raymond James Financial (RJF)?

The 671 bonus RSUs were awarded as a portion of the annual bonus under the company’s Amended and Restated 2012 Stock Incentive Plan.

Are the RSU holdings of the RJF chief risk officer direct or indirect?

The filing shows that the RSUs are held directly by the chief risk officer, as indicated by the ownership form marked "D" (Direct).