Paul C. Reilly - Nov 20, 2023 Form 4 Insider Report for RAYMOND JAMES FINANCIAL INC (RJF)

Role
Chair & CEO, Director
Signature
/s/ Paul C. Reilly by Jonathan J. Doyle as Attorney-in-Fact
Stock symbol
RJF
Transactions as of
Nov 20, 2023
Transactions value $
-$5,791,135
Form type
4
Date filed
12/1/2023, 04:22 PM
Previous filing
May 19, 2023
Next filing
Nov 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Award $0 +69.4K +28.82% $0.00 310K Nov 20, 2023 Direct F1
transaction RJF Common Stock Options Exercise $0 +3.75K +1.2% $0.00 316K Nov 29, 2023 Direct F2
transaction RJF Common Stock Tax liability -$142K -1.39K -0.44% $102.73 315K Nov 29, 2023 Direct
transaction RJF Common Stock Sale -$5.2M -50K -15.88% $103.99 265K Nov 29, 2023 Direct F3, F4
transaction RJF Common Stock Options Exercise $0 +11.7K +4.42% $0.00 277K Nov 30, 2023 Direct F2
transaction RJF Common Stock Tax liability -$449K -4.33K -1.57% $103.75 272K Nov 30, 2023 Direct
holding RJF Common Stock 1.86K Nov 20, 2023 ESOP F5

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 -3.75K -100% $0.00* 0 Nov 29, 2023 Common Stock 3.75K Direct F2, F6
transaction RJF Restricted Stock Units Options Exercise $0 -11.7K -60% $0.00 7.8K Nov 30, 2023 Common Stock 11.7K Direct F2, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2020. The PRSU grant was adjusted to reflect the stock split that occurred on September 21, 2021.
F2 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.
F3 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.
F4 Reflects the weighted average sale price. The range of prices for such transaction was $103.77 to $104.22.
F5 Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 20, 2023.
F6 RSUs vested 60% on 11/29/2021, 20% on 11/29/2022, and 20% on 11/29/2023.
F7 RSUs vested 60% on 11/30/2023 and will vest 20% on 11/30/2024 and 20% on 11/30/2025.
F8 The RSU grant was previously reported as covering 13,000 shares awarded on December 3, 2020, but was adjusted to reflect the 3-for-2 stock split by means of a stock dividend that occurred on September 21, 2021.

Remarks:

This Form 4 reports (i) the acquisition by the reporting person of common stock resulting from the vesting of Restricted Stock Units (RSUs) granted on 12/15/2020 based on the company's attaining certain levels of average after-tax return-on-equity over a three-year measurement period, (ii) the partial vestings of RSUs awarded to the reporting person, (iii) dispositions by the reporting person to the issuer to cover the tax liability in connection with such vesting, and (iv) the open market sale by the reporting person of shares of common stock.