Form 4: Raymond James Financial Director Art A. Garcia Reports RSU Vesting
SEC Form 4 Filing
Director Art A. Garcia reports the vesting of Restricted Stock Units (RSUs) in Raymond James Financial Inc.
Summary
- On April 10, 2024, Art A. Garcia, a director of Raymond James Financial Inc., reported the vesting of 1,846 Restricted Stock Units (RSUs).
- These RSUs convert into shares of common stock and accrued cash in lieu of dividends.
- Following the transaction, Garcia directly owns 2,725 shares of Raymond James Financial Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of RSU vesting and transaction. |
| 04/11/2024 | Date of Form 4 signature. |
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