Form 4: Raymond James Financial Inc. Executive Shannon B. Reid Reports Stock Transactions

Shannon B. Reid, President of ICD at Raymond James Financial Inc., reported a gift and sale of company stock on December 4, 2024.

Summary

• Shannon B. Reid, President of ICD at Raymond James Financial Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
• On December 4, 2024, Mr. Reid gifted 315 shares of common stock.
• Also on December 4, 2024, Mr. Reid sold 1,241 shares of common stock at a price of $165.3033 per share.
• Following these transactions, Mr. Reid directly owns 7,079 shares of common stock.
• Mr. Reid also indirectly owns 2,077 shares through the Employee Stock Ownership Plan (ESOP).
• The report includes 20 shares acquired on December 3, 2024, through the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in the financial industry to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, and Raymond James Financial Inc.'s filing is consistent with these requirements.
• The transactions reported are typical for executives who may receive stock as part of their compensation or participate in employee stock purchase plans.
• Similar filings are made by executives at other financial firms such as Morgan Stanley, Goldman Sachs, and Charles Schwab, reflecting similar compensation and trading practices.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Raymond James Financial, Shannon B. Reid, Employee Stock Purchase Plan, ESOP, Insider Trading