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

Reporting relationship: Executive Chair, Director
Issuer ticker: RJF
Reported as of: 15 Dec 2025
Net transaction value: -$37,166,228
SEC form: 4
Accepted by SEC: 15 Dec 2025, 20:04:11 UTC
Prior SEC filing: 04 Dec 2025
Next SEC filing: 18 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Paul C. Reilly by Jonathan J. Doyle as Attorney-in-Fact

Key filing fact

Paul C. Reilly filed Form 4 for RAYMOND JAMES FINANCIAL INC (RJF) on 15 Dec 2025.

Key facts

This page summarizes Paul C. Reilly's Form 4 filing for RAYMOND JAMES FINANCIAL INC (RJF).
16 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 15 Dec 2025, 20:04.

Change

Previous filing in this sequence was filed on 04 Dec 2025.
Current net transaction value: -$37,166,228.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001240439 Primary reporting owner

REILLY PAUL C

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RJF transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +54,406
Change %: +13%
Price: $0.000000
Shares after: 480,526
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1

RJF transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +30,853
Change %: +6.4%
Price: $0.000000
Shares after: 511,379
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1

RJF transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +7,073
Change %: +1.4%
Price: $0.000000
Shares after: 518,452
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1

RJF transaction

Common Stock

Tax liability

Transaction value: $434,530
Shares: -2,652
Change %: -0.51%
Price: $163.85
Shares after: 515,800
Date: 15 Dec 2025
Ownership: Direct

RJF transaction

Common Stock

Tax liability

Transaction value: $1,895,744
Shares: -11,570
Change %: -2.2%
Price: $163.85
Shares after: 504,230
Date: 15 Dec 2025
Ownership: Direct

RJF transaction

Common Stock

Sale

Transaction value: $3,328,675
Shares: -20,270
Change %: -4%
Price: $164.22
Shares after: 483,960
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F2, F3, F4

RJF transaction

Common Stock

Tax liability

Transaction value: $3,342,376
Shares: -20,399
Change %: -4.2%
Price: $163.85
Shares after: 463,561
Date: 15 Dec 2025
Ownership: Direct

RJF transaction

Common Stock

Tax liability

Transaction value: $3,681,054
Shares: -22,466
Change %: -4.8%
Price: $163.85
Shares after: 441,095
Date: 15 Dec 2025
Ownership: Direct

RJF transaction

Common Stock

Gift

Transaction value: $0
Shares: -30,516
Change %: -6.9%
Price: $0.000000
Shares after: 410,579
Date: 15 Dec 2025
Ownership: Direct

RJF transaction

Common Stock

Tax liability

Transaction value: $6,491,082
Shares: -39,616
Change %: -9.6%
Price: $163.85
Shares after: 370,963
Date: 15 Dec 2025
Ownership: Direct

RJF transaction

Common Stock

Sale

Transaction value: $8,759,254
Shares: -53,660
Change %: -14%
Price: $163.24
Shares after: 317,303
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F2, F3, F5

RJF transaction

Common Stock

Sale

Transaction value: $9,233,513
Shares: -56,757
Change %: -18%
Price: $162.68
Shares after: 260,546
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F2, F3, F6

RJF holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,998
Date: 15 Dec 2025
Ownership: ESOP
Footnotes: F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RJF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,073
Change %: -60%
Price: $0.000000
Shares after: 4,715
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,073
Exercise price
Footnotes: F1, F8

RJF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -30,853
Change %: -36%
Price: $0.000000
Shares after: 54,406
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,853
Exercise price
Footnotes: F1

RJF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -54,406
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 54,406
Exercise price
Footnotes: F1

RJF transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +20,751
Change %
Price: $0.000000
Shares after: 20,751
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,751
Exercise price
Footnotes: F1, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F4

Reflects the weighted average sale price. The range of prices for such transaction was $163.97 to $164.78.

Footnote F5

Reflects the weighted average sale price. The range of prices for such transaction was $162.96 to $163.95.

Footnote F6

Reflects the weighted average sale price. The range of prices for such transaction was $161.96 to $162.95

Footnote F7

Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 10, 2025.

Footnote F8

RSUs vested 60% on 12/15/2025 and will vest 20% on 12/15/2026 and 20% on 12/15/2027.

Footnote F9

Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan.

SEC 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.