Jeffrey A. Dowdle - 20 Nov 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
20 Nov 2023
Transactions value $
-$189,215
Form type
4
Filing time
01 Dec 2023, 16:29:08 UTC
Previous filing
13 Nov 2023
Next filing
27 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Award $0 +4.15K +10.31% $0.00 44.4K 20 Nov 2023 Direct F1
transaction RJF Common Stock Options Exercise $0 +1.5K +3.29% $0.00 47.1K 29 Nov 2023 Direct F2
transaction RJF Common Stock Tax liability -$33.9K -330 -0.7% $102.73 46.8K 29 Nov 2023 Direct
transaction RJF Common Stock Options Exercise $0 +4.5K +9.62% $0.00 51.3K 30 Nov 2023 Direct F2
transaction RJF Common Stock Tax liability -$155K -1.5K -2.92% $103.75 49.8K 30 Nov 2023 Direct
holding RJF Common Stock 1.13K 20 Nov 2023 by Daughter EC F3
holding RJF Common Stock 13.4K 20 Nov 2023 ESOP F4
holding RJF Common Stock 1.13K 20 Nov 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 Options Exercise $0 -1.5K -100% $0.00* 0 29 Nov 2023 Common Stock 1.5K Direct F2, F5
transaction RJF Restricted Stock Units Options Exercise $0 -4.5K -60% $0.00 3K 30 Nov 2023 Common Stock 4.5K Direct F2, F6, F7
* 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 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 November 20, 2023.
F5 RSUs vested 60% on 11/29/2021, 20% on 11/29/2022, and 20% on 11/29/2023.
F6 RSUs vested 60% on 11/30/2023 and will vest 20% on 11/30/2024 and 20% on 11/30/2025.
F7 The RSU grant was previously reported as covering 5,000 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, and (iii) dispositions by the reporting person to the issuer to cover the tax liability in connection with such vestings.