Form 4: Raymond James Financial Inc. Awards Restricted Stock Units to Chief Accounting Officer
Executive Compensation Filing
Raymond James Financial Inc. granted restricted stock units to Chief Accounting Officer Katherine H. Larson as part of her annual bonus.
Summary
- Raymond James Financial Inc. awarded Katherine H. Larson, the Chief Accounting Officer, restricted stock units (RSUs) as part of her annual bonus.
- The grant was made under the company's Amended and Restated 2012 Stock Incentive Plan.
- The RSUs represent a contingent right to receive one share of common stock and accrued cash in lieu of dividends upon vesting.
- The grant was for 0 RSUs at a price of $122.00 per unit.
- The RSUs vest on December 6, 2027.
Sentiment
Score: 7
Explanation: The document reflects a standard corporate practice of awarding stock-based compensation to executives, which is generally viewed positively as it aligns interests. There are no indications of any negative issues.
Positives
- The grant of RSUs aligns the interests of the Chief Accounting Officer with the long-term performance of the company.
- The use of RSUs as part of the annual bonus is a common practice for incentivizing key executives.
Industry Context
The granting of stock-based compensation is a common practice in the financial services industry to attract, retain, and incentivize key executives.
Comparison to Industry Standards
- Many financial firms use restricted stock units as part of their executive compensation packages.
- The vesting period of three years is fairly standard for RSU grants.
- The value of the grant is tied to the company's stock price, which is a common practice to align executive interests with shareholder value.
Stakeholder Impact
- The RSU grant aligns the Chief Accounting Officer's interests with those of shareholders.
- The grant is part of the company's overall compensation strategy.
Key Dates
| Date | Description |
|---|---|
| 2024-12-06 | Date of the RSU grant. |
| 2024-12-10 | Date of the Form 4 filing. |
| 2027-12-06 | Vesting date of the RSUs. |
Keywords
Restricted Stock Units, RSU, Stock Incentive Plan, Executive Compensation, Raymond James Financial, Katherine H. Larson, Chief Accounting Officer, Equity Award
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.