Raymond James (RJF) Chief Strategy Officer Helal Tarek Gifts 23,397 Shares

What Happened

Tarek Helal, Chief Strategy Officer of Raymond James Financial (RJF), executed a gift transaction on August 20, 2026, transferring 23,397 shares. The Form 4 records both an acquisition (G) and a disposition (G) of 23,397 shares at $0.00, indicating a zero‑value transfer between accounts rather than a market sale.

Key Details

• Transaction date: August 20, 2026; Form 4 filed August 27, 2026.
• Transaction type/code: Gift (G) — both an acquisition and disposition of 23,397 shares at $0.00. Total reported value: $0.
• Reason given: Shares were transferred from an individual account to an account jointly owned with the reporting person's spouse for estate planning purposes (remark in filing).
• Footnotes: F1 notes inclusion of 54 shares acquired Mar 3, 2026 and 57 shares acquired Jun 2, 2026 under the Employee Stock Purchase Plan (ESPP). F2 notes inclusion of shares held in the reporting person's Employee Stock Ownership Plan (ESOP) account through Aug 20, 2026.
• Shares owned after transaction: The Form 4 does not state a single consolidated total in the provided excerpt; the filing reflects the transfer of the specified shares into a joint account.

Context

Gifts and transfers to joint accounts are typically estate‑planning steps and do not necessarily reflect a change in the insider’s view of the company’s prospects. Because the reported price is $0.00, this was an in‑kind transfer rather than a market transaction. Retail investors should view this as an administrative transfer rather than a purchase or sale signal.