MCDANIEL RAYMOND W 4
4 · RAYMOND JAMES FINANCIAL INC · Filed Feb 24, 2025
Insider Transaction Report
Form 4
MCDANIEL RAYMOND W
Director
Transactions
- Exercise/Conversion
Common Stock
2025-02-20+1,711→ 3,557 total - Exercise/Conversion
Restricted Stock Units
2025-02-20−1,711→ 0 total→ Common Stock (1,711 underlying) - Award
Common Stock
2025-02-20+1,253→ 4,810 total
Footnotes (4)
- [F1]Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends.
- [F2]Consists of a grant of Deferred Restricted Stock Units ("DRSUs") as part of compensation for service on the registrant's Board of Directors. Upon vesting, the DRSUs convert to the right to receive shares of common stock on a one-to-one basis, together with accrued cash in lieu of dividends. The DRSUs vest at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant. Pursuant to an irrevocable election by the reporting person, settlement of the DRSUs will be deferred following vesting until the date the reporting person terminates his or her service on the Board of Directors.
- [F3]Includes DRSUs.
- [F4]The award vested in accordance with its terms, which provided for vesting at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant.