Jonathan N. Santelli - May 25, 2021 Form 4 Insider Report for RAYMOND JAMES FINANCIAL INC (RJF)

Role
EVP, Gen Counsel, Secy
Signature
/s/ Jonathan N. Santelli by Jonathan J. Doyle as Attorney-in-Fact
Stock symbol
RJF
Transactions as of
May 25, 2021
Transactions value $
-$398,180
Form type
4
Date filed
5/27/2021, 03:52 PM
Next filing
Dec 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Options Exercise $0 +3K +90.25% $0.00 6.32K May 25, 2021 Direct F1
transaction RJF Common Stock Tax liability -$95.9K -728 -11.51% $131.79 5.6K May 25, 2021 Direct
transaction RJF Common Stock Sale -$302K -2.27K -40.6% $133.03 3.32K May 26, 2021 Direct F2, F3
holding RJF Common Stock 200 May 25, 2021 ESOP F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RJF Restricted Stock Units Options Exercise $0 -3K -100% $0.00* 0 May 25, 2021 Common Stock 3K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Reflects the weighted average sale price. The range of prices for such transaction was $133.00 to $133.06.
F4 Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through May 25, 2021.
F5 The RSUs vested in five equal annual installments beginning on the first anniversary of the 5/25/2016 grant date, with the last such vesting date occurring on 5/25/2021.

Remarks:

This Form 4 reports (i) the partial vesting of RSUs awarded to the reporting person, (ii) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting, and (iii) the open market sale by the reporting person of shares of common stock.