Form 4: Raymond James Officer Receives RSU Bonus Grant

Raymond James Financial's Chief Accounting Officer, Katherine H. Larson, was granted 323 Restricted Stock Units as part of her annual bonus.

Summary

• Katherine H. Larson, Chief Accounting Officer of Raymond James Financial Inc. (RJF), received a grant of 323 Restricted Stock Units (RSUs).
• The transaction date for this grant was December 5, 2025.
• Each RSU represents a contingent right to receive one share of common stock and accrued cash in lieu of dividends upon vesting.
• The RSUs were awarded as a portion of her annual bonus under the company's Amended and Restated 2012 Stock Incentive Plan.
• The RSUs are scheduled to become exercisable and expire on December 5, 2028.
• Following this transaction, Katherine H. Larson beneficially owns 323 derivative securities (RSUs) directly.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it represents a routine, performance-based compensation grant to a key executive, indicating stability and standard corporate governance practices. It's not highly impactful for the overall company outlook but is a positive for the individual and reflects ongoing operations.

Positives

• The grant of Restricted Stock Units to the Chief Accounting Officer indicates continued alignment of executive compensation with company performance and long-term shareholder interests.
• This award is a standard component of executive compensation, reflecting recognition of the officer's contributions.

Future Outlook

The grant of Restricted Stock Units implies a future increase in common stock ownership for the Chief Accounting Officer upon vesting in December 2028, aligning her incentives with the company's long-term performance.

Management Comments

• The award of RSUs is a portion of the annual bonus under the Amended and Restated 2012 Stock Incentive Plan.

Industry Context

The granting of Restricted Stock Units (RSUs) as part of executive compensation is a common practice across the financial services industry, used to attract, retain, and incentivize key personnel by aligning their interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of annual bonus compensation is a widely adopted practice among publicly traded financial institutions, including peers like Morgan Stanley, Goldman Sachs, and Charles Schwab, which frequently utilize equity awards to incentivize executives and align their interests with long-term shareholder value.
• The vesting schedule, typically over several years, is also standard, promoting executive retention and sustained performance.

Stakeholder Impact

• Shareholders: Minor potential for future dilution upon vesting of RSUs, but generally viewed as a mechanism to align executive interests with long-term shareholder value.
• Employees (specifically Katherine H. Larson): Direct positive impact through increased equity compensation and incentive for continued performance.

Next Steps

• The Restricted Stock Units will vest and become exercisable on December 5, 2028, at which point the Chief Accounting Officer will receive the underlying common stock and accrued cash in lieu of dividends.

Key Dates

Keywords

Raymond James Financial, RJF, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Stock Incentive Plan, Chief Accounting Officer