Begor Mark W 4

What Happened Mark W. Begor, a director of Raymond James Financial (RJF), received a grant of 1,303 deferred restricted stock units (DRSUs) on February 19, 2026. The grant is reported as an award (transaction code A) with a reported acquisition price of $0.00 (value shown as $0). This was an annual non‑executive director compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely — within the required reporting window).
• Security/amount: 1,303 Deferred Restricted Stock Units (DRSUs); reported acquisition price $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: DRSUs convert 1-for-1 into shares upon vesting and include accrued cash in lieu of dividends. They vest at the next annual shareholders meeting (but no later than March 15 of the calendar year following the grant). Begor made an irrevocable election to defer settlement until he leaves the board.
• Filing context: part of the registrant’s annual grant to non‑executive directors.

Context DRSUs are a form of deferred equity compensation — they do not deliver actual shares until they vest and are settled (here, settlement is further deferred until board service ends). Such grants are routine for non‑executive directors and reflect compensation, not a market purchase that signals immediate insider conviction.