Form 4: Raymond James COO Boosts Stake via RSU Vesting

Raymond James Financial's Chief Operating Officer, Scott A. Curtis, reported the vesting of performance-based restricted stock units and a subsequent gift of shares.

Summary

• Scott A. Curtis, Chief Operating Officer of Raymond James Financial Inc. (RJF), reported changes in his beneficial ownership.
• On December 2, 2025, Curtis acquired 6,163 shares of common stock due to the vesting of Performance Restricted Stock Units (PRSUs) granted on December 15, 2022.
• The vesting was contingent on the company achieving specific average after-tax return-on-equity levels, modified by relative total shareholder return against a peer group over a three-year measurement period.
• On December 4, 2025, Curtis disposed of 1,021 shares of common stock through a gift.
• Following these transactions, Curtis directly beneficially owns 173,144 shares of common stock.
• Additionally, Curtis indirectly owns 4,190 shares of common stock through an Employee Stock Ownership Plan (ESOP) account as of November 24, 2025.

Sentiment

Score: 6

Explanation: Slightly positive due to the vesting of performance-based restricted stock units, indicating the company met its performance targets. The gift of shares is a personal transaction and does not significantly impact overall sentiment.

Positives

• Vesting of 6,163 Performance Restricted Stock Units (PRSUs) indicates that Raymond James Financial met or exceeded performance targets related to average after-tax return-on-equity and relative total shareholder return over a three-year measurement period.

Negatives

• A disposition of 1,021 shares via gift reduces the direct beneficial ownership of the Chief Operating Officer.

Future Outlook

The filing does not provide specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. The vesting of performance-based equity awards is a standard compensation practice in the financial services industry, aligning executive incentives with shareholder returns. The gift of shares is a personal transaction and does not inherently reflect broader industry trends.

Stakeholder Impact

• Shareholders: Minor impact from routine insider transaction disclosure. The vesting of performance-based awards could be seen as a positive signal regarding past company performance.

Key Dates

Keywords

Raymond James Financial, RJF, Scott A. Curtis, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, PRSUs, Employee Stock Ownership Plan, ESOP, Beneficial Ownership, Corporate Officer