Form 4: Raymond James CSO Reports Stock Gifts to Trusts

Raymond James Financial's Chief Strategy Officer, Tarek Helal, reported gifts of common stock involving trusts where he serves as trustee.

Summary

• Tarek Helal, Chief Strategy Officer of Raymond James Financial Inc. (RJF), reported changes in beneficial ownership of common stock.
• On December 30, 2025, 80 shares and 81 shares of common stock were disposed of indirectly from the Mohamed Anis Helal March 2022 GRAT #4.
• Concurrently, 81 shares of common stock were acquired indirectly by the Tarek Helal 2021 Gifting Trust.
• These transactions represent gifts of shares from a trust where Helal serves as trustee to an estate planning trust where he also serves as trustee.
• Following these transactions, Helal directly owns 25,029 shares of common stock.
• Helal also indirectly owns 535 shares through an Employee Stock Ownership Plan (ESOP) account, which includes acquisitions through December 10, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions (gifts) and does not contain information that would significantly alter the company's financial outlook or operational performance. It is neutral in sentiment.

Future Outlook

NA

Management Comments

• The Form 4 reports gifts of shares from a trust for which the reporting person serves as trustee and the receipt of the gift of shares by an estate planning trust for which the reporting person serves as trustee.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for insiders (officers, directors, and 10% owners) to report changes in their beneficial ownership of company securities. It provides transparency into personal stock transactions by key executives, which can sometimes offer insights into management's perspective on the company's value, though in this case, the transactions are gifts between trusts.

Related Party Transactions

• The reported transactions involve gifts of shares between trusts for which the reporting person, Tarek Helal, serves as trustee, indicating dealings between entities under his control.

Stakeholder Impact

• Shareholders: Minimal direct impact, as these are personal estate planning transactions by an executive and not related to company operations or financial performance.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Raymond James Financial, RJF, Tarek Helal, Chief Strategy Officer, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Trust, Estate Planning