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  4. [Form 4] RAYMOND JAMES FINANCIAL INC Insider Trading Activity

Raymond James (NYSE: RJF) discloses RSU vesting, tax withholdings and grants

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Raymond James Financial’s Chief Audit Executive reported equity compensation activity dated 12/15/2025. Previously granted restricted stock units vested, resulting in the acquisition of 898, 403 and 272 shares of common stock at no cash cost. To cover related tax liabilities, the executive disposed of 93, 138 and 307 shares back to the issuer at a price of $163.85 per share.

After these transactions, the executive directly owned 5,028 shares of Raymond James common stock and indirectly held 377 shares through an employee stock ownership plan. The report also shows a grant of 3,661 restricted stock units that vest 60% on 12/15/2028, 20% on 12/15/2029 and 20% on 12/15/2030, plus a 198-unit RSU award vesting on 12/15/2028 as part of the annual bonus.

Positive

  • None.

Negative

  • None.
Insider Haynes Morgan Tarazeta J
Role Chief Audit Executive
Type Security Shares Price Value
Exercise Restricted Stock Units 272 $0.00 --
Exercise Restricted Stock Units 898 $0.00 --
Grant/Award Restricted Stock Units 3,661 $0.00 --
Exercise Restricted Stock Units 403 $0.00 --
Grant/Award Restricted Stock Units 198 $0.00 --
Exercise Common Stock 898 $0.00 --
Exercise Common Stock 403 $0.00 --
Exercise Common Stock 272 $0.00 --
Tax Withholding Common Stock 93 $163.85 $15K
Tax Withholding Common Stock 138 $163.85 $23K
Tax Withholding Common Stock 307 $163.85 $50K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,677 shares (Direct); Common Stock — 4,891 shares (Direct); Common Stock — 377 shares (Indirect, ESOP)
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. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 10, 2025. RSUs vested 60% on 12/15/2025 and will vest 20% on 12/15/2026 and 20% on 12/15/2027. RSUs vest 60% on 12/15/2028, 20% on 12/15/2029, and 20% on 12/15/2030. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan.
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*
Haynes Morgan Tarazeta J
(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 Audit Executive
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
Common Stock 12/15/2025 M 898 A $0(1) 4,891 D
Common Stock 12/15/2025 M 403 A $0(1) 5,294 D
Common Stock 12/15/2025 M 272 A $0(1) 5,566 D
Common Stock 12/15/2025 F 93 D $163.85 5,473 D
Common Stock 12/15/2025 F 138 D $163.85 5,335 D
Common Stock 12/15/2025 F 307 D $163.85 5,028 D
Common Stock 377(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
Restricted Stock Units (1) 12/15/2025 M 272 (3) 12/15/2027 Common Stock 272 $0.0000 1,677 D
Restricted Stock Units (1) 12/15/2025 M 898 (3) 12/15/2027 Common Stock 898 $0.0000 779 D
Restricted Stock Units (1) 12/15/2025 A 3,661 (4) 12/15/2030 Common Stock 3,661 $0.0000 3,661 D
Restricted Stock Units (1) 12/15/2025 M 403 12/15/2025 12/15/2025 Common Stock 403 $0.0000 0.0000 D
Restricted Stock Units (1) 12/15/2025 A 198(5) 12/15/2028 12/15/2028 Common Stock 198 $0.0000 198 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. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 10, 2025.
3. RSUs vested 60% on 12/15/2025 and will vest 20% on 12/15/2026 and 20% on 12/15/2027.
4. RSUs vest 60% on 12/15/2028, 20% on 12/15/2029, and 20% on 12/15/2030.
5. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan.
Remarks:
This Form 4 reports (i) the vesting of RSUs awarded to the reporting person, (ii) dispositions by the reporting person to the issuer to cover tax liability in connection with such vesting, (iii) a grant of management RSUs to the reporting person, and (iv) a grant of RSUs as a portion of the annual bonus to the reporting person.
/s/ Tarazeta J. Haynes Morgan 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did RJF report for its Chief Audit Executive?

The Chief Audit Executive of Raymond James Financial (RJF) reported the vesting of previously granted restricted stock units, related share dispositions to cover tax liabilities, and new grants of restricted stock units, all dated 12/15/2025.

How many Raymond James (RJF) shares were acquired through RSU vesting?

On 12/15/2025, RSU vesting resulted in the acquisition of 898, 403 and 272 shares of Raymond James common stock, each at a stated price of $0 per share.

How many RJF shares were disposed of to cover taxes and at what price?

To cover tax liabilities from RSU vesting, the executive disposed of 93, 138 and 307 shares of Raymond James common stock back to the issuer at a price of $163.85 per share.

What new restricted stock unit awards did the Raymond James executive receive?

The reporting person received a grant of 3,661 restricted stock units that vest 60% on 12/15/2028, 20% on 12/15/2029 and 20% on 12/15/2030, and an additional 198-unit RSU award vesting on 12/15/2028 as part of the annual bonus.

How many RJF shares does the executive own after these transactions?

Following the reported transactions, the executive directly owned 5,028 shares of Raymond James common stock and indirectly held 377 shares through an Employee Stock Ownership Plan (ESOP) account.

What does each restricted stock unit (RSU) represent in this RJF report?

Each RSU represents a contingent right to receive, upon vesting of the award, one share of Raymond James common stock and accrued cash in lieu of dividends.

What is the relationship of the reporting person to Raymond James Financial (RJF)?

The reporting person is an officer of Raymond James Financial, serving as the company’s Chief Audit Executive.