Form 4: Raymond James EVP Receives 6,102 RSU Grants

Vincent Campagnoli, EVP of Technology & Operations at Raymond James Financial Inc., was granted 6,102 Restricted Stock Units as part of management compensation and annual bonus.

Summary

• Vincent Campagnoli, EVP, Technology & Operations, received two grants of Restricted Stock Units (RSUs) on December 15, 2025.
• The first grant was for 3,661 RSUs, which will vest 60% on December 15, 2028, 20% on December 15, 2029, and the remaining 20% on December 15, 2030.
• The second grant was for 2,441 RSUs, awarded as a portion of the annual bonus, with a vesting/exercisable date of December 15, 2028.
• Each RSU represents a contingent right to receive one share of common stock and accrued cash in lieu of dividends upon vesting.
• The total number of RSUs granted to Mr. Campagnoli in these transactions is 6,102.

Sentiment

Score: 7

Explanation: The grant of equity compensation to a key executive is generally a positive signal for executive retention and alignment with shareholder interests, though it is a routine event and not indicative of extraordinary performance.

Positives

• The grant of Restricted Stock Units (RSUs) to a key executive, Vincent Campagnoli, aligns his long-term interests with shareholder value.
• These RSU grants serve as a retention mechanism for a senior executive in a critical role within Technology & Operations.

Future Outlook

This filing does not provide a future outlook for the company, focusing solely on executive compensation.

Management Comments

• This Form 4 reports (i) a grant of management RSUs to the reporting person and (ii) a grant of RSUs as a portion of the annual bonus to the reporting person.

Industry Context

Executive compensation, particularly through equity awards like Restricted Stock Units, is a standard practice across the financial services industry to incentivize and retain key talent. These grants align executive interests with long-term company performance, a common strategy among publicly traded financial institutions.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive interests with long-term company performance.
• Employees: May signal a stable compensation strategy for key personnel, contributing to overall employee morale and retention.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation in the form of Restricted Stock Units. While it indicates continued executive alignment and retention, it does not present new information significant enough to alter the fundamental investment thesis for Raymond James Financial Inc. Therefore, a 'hold' recommendation is appropriate as this is an expected operational event.

Keywords

Raymond James Financial, RJF, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Vincent Campagnoli, Stock Grant, Form 4