Paul M. Shoukry - Dec 12, 2023 Form 4 Insider Report for RAYMOND JAMES FINANCIAL INC (RJF)

Role: Chief Financial Officer
Signature: /s/ Paul M. Shoukry by Jonathan J. Doyle as Attorney-in-Fact
Stock symbol: RJF
Transactions as of: Dec 12, 2023
Transactions value $: -$23,661
Form type: 4
Date filed: 12/12/2023, 05:30 PM
Previous filing: Dec 5, 2023
Next filing: Dec 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RJF	Common Stock	Options Exercise	$0	+900	+4.16%	$0.00	22.5K	Dec 12, 2023	Direct	F1
transaction	RJF	Common Stock	Tax liability	-$23.7K	-219	-0.97%	$108.04	22.3K	Dec 12, 2023	Direct
holding	RJF	Common Stock						1.25K	Dec 12, 2023	ESOP	F2

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	-900	-50%	$0.00	900	Dec 12, 2023	Common Stock	900		Direct	F1, F3

* 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	Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 11, 2023.
F3	RSUs vested 60% on 12/12/2022, 20% on 12/12/2023, and will vest 20% on 12/12/2024.

Remarks:

This Form 4 reports (i) the vesting of RSUs awarded to the reporting person on December 12, 2019, and (ii) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting.