Form 4: Raymond James Financial Inc. Executive Elwyn Tashtego S. Reports Gift of Shares

Raymond James Financial Inc. executive Elwyn Tashtego S. reported a gift of 325 common stock shares and also disclosed holdings in an ESOP and UTMA accounts.

Summary

• Elwyn Tashtego S., a President at Raymond James Financial Inc., filed a Form 4 disclosing a gift of 325 shares of common stock.
• The transaction occurred on December 9, 2024.
• The shares were gifted at a price of $0.00 per share.
• Following the transaction, Mr. Tashtego directly owns 42,688 shares of common stock.
• He also has indirect ownership of 7,354 shares through an Employee Stock Ownership Plan (ESOP).
• Additionally, he has indirect ownership of 75 shares each in UTMA accounts for his daughter and son.
• Mr. Tashtego disclaims beneficial ownership of the UTMA account shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company executive, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the Securities and Exchange Commission (SEC).
• The reporting of stock gifts, ESOP holdings, and UTMA accounts is consistent with SEC regulations.
• Similar filings are made by executives at other financial services firms such as Morgan Stanley, Goldman Sachs, and Charles Schwab.

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 or purchase on the open market.
• The disclosure provides transparency to stakeholders regarding the executive's holdings.

Key Dates

Keywords

Form 4, Beneficial Ownership, Raymond James Financial Inc, Elwyn Tashtego S, Stock Gift, ESOP, UTMA, Insider Trading