Jeffrey A. Dowdle - Nov 22, 2022 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
Stock symbol
RJF
Transactions as of
Nov 22, 2022
Transactions value $
-$132,660
Form type
4
Date filed
11/25/2022, 12:21 PM
Previous filing
Feb 9, 2022
Next filing
Dec 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RJF Common Stock Options Exercise $0 +4.5K +10.3% $0.00 48.2K Nov 22, 2022 Direct F1, F2
transaction RJF Common Stock Tax liability -$133K -1.07K -2.23% $123.52 47.1K Nov 22, 2022 Direct F2
holding RJF Common Stock 1.13K Nov 22, 2022 by Daughter EC F3
holding RJF Common Stock 13.2K Nov 22, 2022 ESOP F4
holding RJF Common Stock 1.13K Nov 22, 2022 UTMA Custodian for Son GT F5

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 -4.5K -60% $0.00 3K Nov 22, 2022 Common Stock 4.5K Direct F1, F6, 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 241 shares of common stock acquired on September 2, 2022 pursuant to the registrant's Employee Stock Purchase Plan.
F3 Includes 1,125 shares previously deemed held indirectly as custodian for daughter under UTMA account. 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 18, 2022.
F5 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.
F6 RSUs vested 60% on 11/22/2022 and will vest 20% on 11/22/2023 and 20% on 11/22/2024.
F7 The RSU grant was previously reported as covering 5,000 shares awarded on November 22, 2019, 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 partial vesting of RSUs awarded to the reporting person and (ii) disposition by the reporting person to the issuer to cover the tax liability in connection with such vesting.