Form 4: Raymond James Executive Jonathan Santelli Disposes of Shares to Cover Tax Obligations

Jonathan Santelli, EVP, Gen Counsel, and Secretary of Raymond James Financial, disposed of 593 shares of common stock on January 2, 2025, to cover tax liabilities related to vested Performance RSUs.

Summary

• On January 2, 2025, Jonathan N. Santelli, EVP, Gen Counsel, and Secretary of Raymond James Financial Inc., disposed of 593 shares of common stock at a price of $155.33 per share.
• The transaction was executed to cover tax liability incident to the previously-reported vesting of Performance RSUs.
• Following the transaction, Santelli directly owns 27,039 shares of Raymond James Financial Inc. common stock.
• Santelli also indirectly owns 491 shares through the Employee Stock Ownership Plan (ESOP) as of December 31, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't indicate any fundamental change in the company's prospects or the executive's confidence.

Industry Context

Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive for tax purposes.

Key Dates