Form 4: RJF COO Corrects Past Share Gift Disclosure

Raymond James Financial COO Scott A. Curtis filed an amended Form 4 to correct an inadvertently omitted gift of 140 common shares from December 2018.

Summary

• Scott A. Curtis, Chief Operating Officer of Raymond James Financial Inc. (RJF), filed a Form 4 to report a gift of 140 shares of common stock.
• The transaction occurred on December 12, 2018, and was inadvertently not previously reported.
• This omission resulted in an overstatement of 140 shares in the total number of common stock beneficially owned by Mr. Curtis in intervening Forms 4.
• Following this reported transaction, Mr. Curtis directly beneficially owns 57,491 shares of common stock.
• Additionally, Mr. Curtis indirectly beneficially owns 4,177 shares of common stock through an Employee Stock Ownership Plan (ESOP) account, which includes shares acquired through September 26, 2025.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While an error in reporting occurred, the company and its officer have taken steps to correct it, demonstrating transparency and adherence to regulatory requirements, which is a positive for corporate governance.

Positives

• The filing demonstrates a commitment to transparency by correcting a past reporting error.
• The correction ensures accurate public records of insider beneficial ownership.

Negatives

• An inadvertent omission of a transaction occurred, leading to an overstatement of beneficial ownership in previous filings.

Future Outlook

The filing indicates that indirect beneficial ownership through the Employee Stock Ownership Plan (ESOP) includes shares acquired through September 26, 2025, suggesting ongoing participation in the plan.

Management Comments

• The gift of shares by the reporting person occurred on December 12, 2018, and was inadvertently not previously reported.
• The effect of this omission on intervening Forms 4 was to overstate by 140 shares the total number of shares of common stock beneficially owned by the reporting person.

Industry Context

This filing is a standard regulatory disclosure for insider transactions and does not directly relate to broader industry trends or competitive positioning. It reflects an individual executive's share ownership changes.

Stakeholder Impact

• Shareholders: Provides more accurate and transparent information regarding insider ownership, which can enhance trust and informed decision-making.

Key Dates

Keywords

Raymond James Financial, RJF, Scott A. Curtis, Form 4, Insider Transaction, Beneficial Ownership, Common Stock, Gift, SEC Filing