Paul C. Reilly - 15 Dec 2025 Form 4 Insider Report for RAYMOND JAMES FINANCIAL INC (RJF)

Role
Executive Chair, Director
Signature
/s/ Paul C. Reilly by Jonathan J. Doyle as Attorney-in-Fact
Issuer symbol
RJF
Transactions as of
15 Dec 2025
Net transactions value
-$37,166,228
Form type
4
Filing time
15 Dec 2025, 20:04:11 UTC
Previous filing
04 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
REILLY PAUL C Executive Chair, Director 880 CARILLON PARKWAY, ST. PETERSBURG /s/ Paul C. Reilly by Jonathan J. Doyle as Attorney-in-Fact 15 Dec 2025 0001240439

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Options Exercise $0 +54,406 +13% $0.000000 480,526 15 Dec 2025 Direct F1
transaction RJF Common Stock Options Exercise $0 +30,853 +6.4% $0.000000 511,379 15 Dec 2025 Direct F1
transaction RJF Common Stock Options Exercise $0 +7,073 +1.4% $0.000000 518,452 15 Dec 2025 Direct F1
transaction RJF Common Stock Tax liability $434,530 -2,652 -0.51% $163.85 515,800 15 Dec 2025 Direct
transaction RJF Common Stock Tax liability $1,895,744 -11,570 -2.2% $163.85 504,230 15 Dec 2025 Direct
transaction RJF Common Stock Sale $3,328,675 -20,270 -4% $164.22 483,960 15 Dec 2025 Direct F2, F3, F4
transaction RJF Common Stock Tax liability $3,342,376 -20,399 -4.2% $163.85 463,561 15 Dec 2025 Direct
transaction RJF Common Stock Tax liability $3,681,054 -22,466 -4.8% $163.85 441,095 15 Dec 2025 Direct
transaction RJF Common Stock Gift $0 -30,516 -6.9% $0.000000 410,579 15 Dec 2025 Direct
transaction RJF Common Stock Tax liability $6,491,082 -39,616 -9.6% $163.85 370,963 15 Dec 2025 Direct
transaction RJF Common Stock Sale $8,759,254 -53,660 -14% $163.24 317,303 15 Dec 2025 Direct F2, F3, F5
transaction RJF Common Stock Sale $9,233,513 -56,757 -18% $162.68 260,546 15 Dec 2025 Direct F2, F3, F6
holding RJF Common Stock 1,998 15 Dec 2025 ESOP F7

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 -7,073 -60% $0.000000 4,715 15 Dec 2025 Common Stock 7,073 Direct F1, F8
transaction RJF Restricted Stock Units Options Exercise $0 -30,853 -36% $0.000000 54,406 15 Dec 2025 Common Stock 30,853 Direct F1
transaction RJF Restricted Stock Units Options Exercise $0 -54,406 -100% $0.000000 0 15 Dec 2025 Common Stock 54,406 Direct F1
transaction RJF Restricted Stock Units Award $0 +20,751 $0.000000 20,751 15 Dec 2025 Common Stock 20,751 Direct F1, F9
* 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 Mr. Reilly, age 71, is effecting the sales reported herein as part of a comprehensive diversification and estate planning process. By annually selling shares as his RSUs vest during recent years, he has consistently maintained a stable net position in Raymond James Financial, Inc. (RJF) common stock. Following these sales, Mr. Reilly's stock ownership will likewise remain at approximately the same level. Consistent with his strong confidence in the company and its senior management, Mr. Reilly currently intends to maintain approximately the same level of ownership for as long as he serves on the Board, which level is also significantly in excess of applicable requirements under the company's Director and Executive Officer Stock Ownership Policy.
F4 Reflects the weighted average sale price. The range of prices for such transaction was $163.97 to $164.78.
F5 Reflects the weighted average sale price. The range of prices for such transaction was $162.96 to $163.95.
F6 Reflects the weighted average sale price. The range of prices for such transaction was $161.96 to $162.95
F7 Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 10, 2025.
F8 RSUs vested 60% on 12/15/2025 and will vest 20% on 12/15/2026 and 20% on 12/15/2027.
F9 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, (ii) dispositions by the reporting person to the issuer to cover tax liability in connection with such vesting, (iii) a grant of RSUs as a portion of the annual bonus to the reporting person, (iv) the open market sale by the reporting person of shares of common stock, and (v) the gift of shares by the reporting person.