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

Tashtego S. Elwyn, President of PCG at Raymond James Financial Inc., reported a gift of 225 common stock shares and also disclosed holdings in an ESOP and UTMA accounts.

Summary

• Tashtego S. Elwyn, President of PCG at Raymond James Financial Inc., filed a Form 4 indicating a gift of 225 shares of common stock.
• The transaction occurred on December 3, 2024.
• Following the transaction, Mr. Elwyn directly owns 43,013 shares of common stock.
• He also has indirect ownership of 7,354 shares through an Employee Stock Ownership Plan (ESOP) as of November 20, 2024.
• Additionally, he has indirect ownership of 75 shares each in UTMA accounts for his daughter and son, but disclaims beneficial ownership of these shares.
• The gift of shares was reported at a price of $0.00.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock gift and does not indicate any positive or negative sentiment.

Management Comments

• The reporting person disclaims beneficial ownership of the securities held in the UTMA accounts.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in the market.
• The reporting of stock gifts and holdings in ESOP and UTMA accounts is consistent with standard reporting requirements for executives at publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small gift of shares by an executive.

Key Dates

Keywords

Form 4, Raymond James Financial Inc, Tashtego S. Elwyn, stock gift, insider trading, beneficial ownership, ESOP, UTMA