Edwards Jeffrey N 4

What Happened
Jeffrey N. Edwards, a director of Raymond James Financial Inc. (RJF), received an annual grant of 1,303 restricted stock units (RSUs) and also had 1,253 previously awarded RSUs vest and convert to common shares on February 19, 2026. All reported transactions show a $0.00 per-share price and $0 total proceeds/value on the Form 4.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (appears timely).
• Grant: 1,303 RSUs granted (code A) — no immediate cash value; these RSUs vest at the next annual shareholders meeting but no later than March 15, 2027 (Footnote F2).
• Vesting/Conversion: 1,253 RSUs vested and were converted to shares (code M, acquired) and the filing also shows a simultaneous disposition of 1,253 derivative shares (code M, disposed) — both at $0.00 per share.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 explains each RSU converts to one share plus accrued cash in lieu of dividends; F3 confirms the vested award followed the RSU vesting rules. The filing’s remarks note these items reflect the annual grant to non-executive directors and the vesting of previously awarded RSUs.

Context

• This filing reports an award (grant) to a non-executive director and the vesting/conversion of earlier RSUs — not an open-market buy or sale for investment purposes.
• The simultaneous acquisition and disposal of the 1,253 converted RSUs is commonly seen when shares are converted and then surrendered or transferred (for example, to cover tax withholding or similar obligations), but the Form 4 does not expressly state the reason.
• No cash proceeds or purchase price are reported, and there is no indication this transaction was part of a 10b5-1 plan.