Raymond James Financial (RJF) awards 323 RSUs as annual bonus equity

Rhea-AI Filing Summary

Raymond James Financial (RJF) reported an equity compensation grant to its Chief Accounting Officer on a Form 4. On 12/05/2025, the officer received 323 Restricted Stock Units (RSUs) under the company’s Amended and Restated 2012 Stock Incentive Plan as a portion of the annual bonus. Each RSU represents a contingent right to receive one share of common stock plus accrued cash in lieu of dividends when the award vests.

The RSUs have an exercise price of $0.0000 and are scheduled to vest on 12/05/2028, at which time the officer would receive 323 shares of Raymond James Financial common stock and associated dividend-equivalent cash, subject to the plan’s terms and any vesting conditions.

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^*

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)
12/05/2025

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)	12/05/2025		A		323(2)		12/05/2028	12/05/2028	Common Stock	323	$0.0000	323	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. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan.

Remarks:

This Form 4 reports a grant of RSUs under the issuer's Amended and Restated 2012 Stock Incentive Plan as a portion of the annual bonus to the reporting person.

	/s/ Katherine H. Larson by Jonathan J. Doyle as Attorney-in-Fact	12/09/2025
	** 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.
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FAQ

What insider transaction did Raymond James Financial (RJF) report in this Form 4?

The company reported that its Chief Accounting Officer received a grant of 323 Restricted Stock Units (RSUs) on 12/05/2025 as part of the annual bonus under the Amended and Restated 2012 Stock Incentive Plan.

How many RJF shares are underlying the new RSU award?

The RSU grant covers 323 shares of Raymond James Financial common stock. Each RSU represents a contingent right to receive one share of common stock upon vesting.

What is the vesting schedule for the RJF RSUs granted on 12/05/2025?

The 323 RSUs granted on 12/05/2025 are scheduled to vest on 12/05/2028, in line with the dates shown for exercisability and expiration in the filing.

Does the Raymond James Financial RSU grant include dividend equivalents?

Yes. The filing states that each RSU represents a contingent right to receive one share of common stock and accrued cash in lieu of dividends upon vesting of the award.

Under which plan were the new RJF RSUs granted?

The award of 323 RSUs was made under Raymond James Financial’s Amended and Restated 2012 Stock Incentive Plan as a portion of the officer’s annual bonus.

What is the exercise or conversion price for the RJF RSUs reported?

The RSUs carry an exercise or conversion price of $0.0000, meaning no additional cash payment is required by the officer at vesting to receive the underlying shares, subject to the plan terms.