Jeffrey A. Dowdle - 15 Dec 2023 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
15 Dec 2023
Net transactions value
-$113,541
Form type
4
Filing time
19 Dec 2023, 10:11:44 UTC
Previous filing
27 Nov 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Options Exercise $0 +2,768 +5.5% $0.000000 52,766 15 Dec 2023 Direct F1, F2
transaction RJF Common Stock Tax liability $113,541 -1,024 -1.9% $110.88 51,742 15 Dec 2023 Direct F2
holding RJF Common Stock 1,125 15 Dec 2023 by Daughter EC F3
holding RJF Common Stock 13,439 15 Dec 2023 ESOP F4
holding RJF Common Stock 1,125 15 Dec 2023 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 Award $0 +5,411 $0.000000 5,411 15 Dec 2023 Common Stock 5,411 Direct F1, F5
transaction RJF Restricted Stock Units Options Exercise $0 -2,768 -100% $0.000000* 0 15 Dec 2023 Common Stock 2,768 Direct F1, F6
transaction RJF Restricted Stock Units Award $0 +3,044 $0.000000 3,044 15 Dec 2023 Common Stock 3,044 Direct F1, F7
* 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 233 shares of common stock acquired on December 4, 2023, pursuant to the registrant's Employee Stock Purchase Plan.
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 December 11, 2023.
F5 RSUs vest 60% on 12/15/2026, 20% on 12/15/2027, and 20% on 12/15/2028.
F6 The RSU grant was previously reported as covering 1,845 shares awarded on December 15, 2020, but was adjusted to reflect the 3-for-2 stock split by means of a stock dividend that occurred on September 21, 2021.
F7 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 on December 15, 2020, (ii) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting, (iii) a grant of retention RSUs to the reporting person, and (iv) a grant of RSUs as a portion of the annual bonus to the reporting person.