Form 4: Raymond James Financial Inc. Executive Sells Shares to Cover Tax Obligations

Tashtego S. Elwyn, President of PCG at Raymond James Financial Inc., disposed of shares to cover tax liabilities related to vested Performance RSUs.

Summary

• On January 2, 2025, Tashtego S. Elwyn, President, PCG of Raymond James Financial Inc., disposed of 1,289 shares of common stock at a price of $155.33 per share to cover tax liability incident to the previously-reported vesting of Performance RSUs.
• Following the transaction, Elwyn directly owns 33,208 shares of common stock.
• Elwyn also indirectly owns 7,354 shares through the Employee Stock Ownership Plan (ESOP) as of December 31, 2024.
• Additionally, Elwyn indirectly owns 75 shares each through UTMA Custodial accounts for his daughter and son, but disclaims beneficial ownership of these securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the financial industry, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates