Form 4: Raymond James Financial Executive Sells Shares in Open Market Transaction

Jonathan N. Santelli, EVP, General Counsel, and Secretary of Raymond James Financial, sold 4,160 shares of common stock in an open market transaction on January 31, 2025.

Summary

• Jonathan N. Santelli, an executive at Raymond James Financial, sold 4,160 shares of the company's common stock on January 31, 2025.
• The sale was executed through multiple open market transactions at varying prices, with a weighted average price of $168.253 per share.
• The price range for the transactions was between $168.15 and $168.52.
• Following the transaction, Santelli directly owns 22,879 shares of common stock.
• Santelli also indirectly owns 497 shares through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, which is a common and expected event. There is no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider stock sale, which is common in the financial industry. Such transactions are closely monitored by regulators and investors for potential implications.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly in the financial sector.
• Form 4 filings are standard practice for reporting insider transactions, ensuring transparency and compliance with SEC regulations.
• The sale by Jonathan N. Santelli is similar to other executive stock sales in terms of reporting requirements and transaction types.

Stakeholder Impact

• The stock sale may have a minor impact on shareholder sentiment, but it is a routine transaction.
• The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Raymond James Financial, stock sale, insider trading, Form 4, Jonathan N. Santelli, open market transaction, executive stock sale, ESOP