Form 4: Raymond James Financial Inc. CEO Paul Reilly Reports Gift of 18,559 Shares

Raymond James Financial Inc. CEO Paul Reilly gifted 18,559 shares of common stock, while also reporting holdings through the Employee Stock Ownership Plan.

Summary

• Paul C. Reilly, the Chair and CEO of Raymond James Financial Inc., reported a transaction involving the company's common stock.
• On December 11, 2024, Mr. Reilly gifted 18,559 shares of common stock.
• The gift was reported as a disposal of shares with a price of $0.00 per share.
• Following the transaction, Mr. Reilly directly owns 264,551 shares of common stock.
• Additionally, Mr. Reilly indirectly owns 1,930 shares through the Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies. It provides transparency into the holdings of company leadership.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reporting of stock gifts and ESOP holdings is consistent with SEC regulations and industry norms.
• Other financial firms such as Morgan Stanley and Goldman Sachs also have similar reporting requirements for their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a gift of shares by an executive and does not involve a sale on the open market.

Key Dates

Keywords

Raymond James Financial, Paul Reilly, stock gift, insider trading, Form 4, ESOP, share disposal, beneficial ownership