MCDANIEL RAYMOND W 4
4 · RAYMOND JAMES FINANCIAL INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Raymond James (RJF) Director Raymond W. McDaniel Receives Award
What Happened Raymond W. McDaniel, a director of Raymond James Financial Inc. (RJF), was granted 1,303 Deferred Restricted Stock Units (DRSUs) on February 19, 2026. The units were awarded at $0.00 per share (total reported value $0) as part of the company’s director compensation. This is an award/grant (not a purchase or sale) and represents compensation rather than an open-market investment.
Key Details
- Transaction date: 2026-02-19; Grant type: Award/Grant (code A).
- Quantity and price: 1,303 DRSUs at $0.00 (reported value $0).
- Shares owned after transaction: Not specified on this Form 4 (the grant is in the form of DRSUs, not immediate shares).
- Filing: Form 4 filed 2026-02-23 reporting the Feb 19 grant (appears timely).
- Footnotes: F1/F2 indicate these are DRSUs that convert 1:1 to common shares upon vesting and include accrued cash in lieu of dividends. DRSUs vest at the next annual shareholders meeting (or by March 15 of the following year) and, per an irrevocable election by Mr. McDaniel, settlement will be deferred until he leaves the Board.
Context DRSUs are a common form of non-executive director compensation and do not represent immediate share ownership until vested/settled. Such awards are routine and primarily reflect governance compensation practices rather than a direct bullish or bearish trading signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-19+1,303→ 6,113 total
Footnotes (2)
- [F1]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.
- [F2]Includes DRSUs.