Form 4: Raymond James Financial Inc. CFO Awarded Restricted Stock Units as Part of Annual Bonus

Raymond James Financial Inc.'s Chief Financial Officer, Jonathan W. Oorlog Jr., received 577 restricted stock units as part of his annual bonus under the company's 2012 Stock Incentive Plan.

Summary

• Raymond James Financial Inc. granted 577 restricted stock units (RSUs) to Chief Financial Officer Jonathan W. Oorlog Jr.
• The RSUs were awarded as part of his annual bonus under the Amended and Restated 2012 Stock Incentive Plan.
• Each RSU represents a contingent right to receive one share of common stock and accrued cash in lieu of dividends upon vesting.
• The RSUs vest on December 6, 2027.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It is a positive but not exceptional event.

Positives

• The grant of RSUs aligns the CFO's interests with those of the shareholders.
• The vesting period encourages long-term performance and retention of the CFO.

Future Outlook

The vesting of the RSUs is contingent on the CFO's continued employment through December 6, 2027.

Management Comments

• The RSUs were awarded as a portion of the annual bonus under the Amended and Restated 2012 Stock Incentive Plan.

Industry Context

The granting of restricted stock units is a common practice in the financial services industry to incentivize and retain key executives.

Comparison to Industry Standards

• Many financial firms use restricted stock units as part of executive compensation packages.
• The vesting period of three years is typical for such awards.
• Companies like Morgan Stanley and Goldman Sachs also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning management's interests with the company's long-term performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Restricted Stock Units, RSU, Stock Incentive Plan, Annual Bonus, Executive Compensation, Raymond James Financial, RJF, CFO, Jonathan W. Oorlog Jr.