Jeffrey A. Dowdle - 29 Nov 2022 Form 4 Insider Report for RAYMOND JAMES FINANCIAL INC (RJF)

Role
COO & Head of Asset Mgmt.
Signature
/s/ Jeffrey A. Dowdle by Jonathan J. Doyle as Attorney-in-Fact
Issuer symbol
RJF
Transactions as of
29 Nov 2022
Net transactions value
-$133,001
Form type
4
Filing time
01 Dec 2022, 13:54:53 UTC
Previous filing
25 Nov 2022
Next filing
15 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Gift $0 -1,320 -2.8% $0.000000 45,784 28 Nov 2022 Direct
transaction RJF Common Stock Options Exercise $0 +1,500 +3.3% $0.000000 47,284 29 Nov 2022 Direct F1
transaction RJF Common Stock Tax liability $64,030 -555 -1.2% $115.37 46,729 29 Nov 2022 Direct
transaction RJF Common Stock Award $0 +4,723 +10% $0.000000 51,452 30 Nov 2022 Direct F2
transaction RJF Common Stock Options Exercise $0 +1,500 +2.9% $0.000000 52,952 30 Nov 2022 Direct F1
transaction RJF Common Stock Tax liability $68,971 -590 -1.1% $116.90 52,362 30 Nov 2022 Direct
holding RJF Common Stock 1,125 29 Nov 2022 by Daughter EC F3
holding RJF Common Stock 13,172 29 Nov 2022 ESOP F4
holding RJF Common Stock 1,125 29 Nov 2022 UTMA Custodian for Son GT F3

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 -1,500 -50% $0.000000 1,500 29 Nov 2022 Common Stock 1,500 Direct F1, F5
transaction RJF Restricted Stock Units Options Exercise $0 -1,500 -100% $0.000000* 0 30 Nov 2022 Common Stock 1,500 Direct F1, F6
* 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 Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/13/2019. The PRSU grant was adjusted to reflect the stock split that occurred on September 21, 2021.
F3 The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 18, 2022.
F5 RSUs vested 60% on 11/29/2021, 20% on 11/29/2022, and will vest 20% on 11/29/2023.
F6 RSUs vested 60% on 11/30/2020, 20% on 11/30/2021, and 20% on 11/30/2022.

Remarks:

This Form 4 reports (i) the partial vestings of RSUs awarded to the reporting person, (ii) dispositions by the reporting person to the issuer to cover the tax liability in connection with such vestings, (iii) the gift of shares by the reporting person, and (iv) the acquisition by the reporting person of common stock resulting from the vesting of Restricted Stock Units (RSUs) granted on 12/13/2019 based on the company's attaining certain levels of average after-tax return-on-equity over a three-year measurement period.