DEBEL MARLENE 4

What Happened

• Marlene Debel, a director of Raymond James Financial Inc. (RJF), received an annual grant of 1,303 restricted stock units (RSUs) on 2026-02-19 (transaction code A). The filing also reports the vesting/conversion of 1,253 RSUs on the same date (transaction code M) and the simultaneous disposition of those 1,253 resulting shares. All transactions are reported at $0.00 (no cash paid or received).

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (filed within the standard 2 business-day reporting period).
• Grants: 1,303 RSUs (code A) @ $0.00.
• Vesting/Conversion: 1,253 RSUs converted/exercised (code M) @ $0.00 and 1,253 shares disposed (code M) @ $0.00.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnotes: F1—each RSU entitles the holder to one share upon vesting plus any accrued cash in lieu of dividends; F2—this award vests at the next annual shareholders meeting (no later than Mar 15, 2027); F3—the vested RSUs followed standard vesting terms.
• Filing remarks state these transactions reflect the annual grant to non-executive directors and the vesting of previously awarded RSUs.

Context

• RSUs are a common form of non-cash compensation for directors; the grant is a routine award rather than an open-market purchase. Vesting/conversion of RSUs often results in issuance of shares; a same-day disposal recorded at $0.00 frequently reflects a net share settlement or tax withholding arrangement, though the filing does not explicitly state the method. These transactions are generally compensation-related and should not be read as directional insider buying or selling for investment purposes.