SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Campagnoli Vincent

(Last)

(First)

(Middle)

880 CARILLON PARKWAY

(Street)

ST. PETERSBURG

33716

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/20/2025

3. Issuer Name and Ticker or Trading Symbol
RAYMOND JAMES FINANCIAL INC [ RJF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Technology & Operations

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	27,236	D
Common Stock	1,156⁽¹⁾	I	ESOP

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽²⁾	11/30/2025	Common Stock	1,200⁽³⁾	⁽⁴⁾	D
Restricted Stock Units	⁽⁵⁾	11/30/2026	Common Stock	1,630	⁽⁴⁾	D
Restricted Stock Units	⁽⁶⁾	11/30/2027	Common Stock	3,700	⁽⁴⁾	D
Restricted Stock Units	⁽⁷⁾	11/30/2028	Common Stock	4,313	⁽⁴⁾	D
Restricted Stock Units	⁽⁸⁾	11/30/2029	Common Stock	2,724	⁽⁴⁾	D
Restricted Stock Units	12/01/2026	12/01/2026	Common Stock	5,662⁽⁹⁾	⁽⁴⁾	D
Restricted Stock Units	12/02/2025	12/02/2025	Common Stock	4,662⁽⁹⁾	⁽⁴⁾	D
Restricted Stock Units	12/06/2027	12/06/2027	Common Stock	4,929⁽⁹⁾	⁽⁴⁾	D

Explanation of Responses:

1. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through February 18, 2025.

2. Of the 4,000 RSUs granted on 11/23/2020, 60% vested on 11/30/2023, 20% vested on 11/30/2024, and 20% will vest on 11/30/2025.

3. The RSU grant of 4,000 shares awarded on November 23, 2020, of which 800 shares remained outstanding, was adjusted to reflect the 3-for-2 stock split by means of a stock dividend that occurred on September 21, 2021.

4. Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends.

5. Of the 4,075 RSUs granted on 11/22/2021, 60% vested on 11/30/2024, 20% will vest on 11/30/2025, and 20% will vest on 11/30/2026.

6. Of the 3,700 RSUs granted on 11/21/2022, 60% will vest on 11/30/2025, 20% will vest on 11/30/2026, and 20% will vest on 11/30/2027.

7. Of the 4,313 RSUs granted on 11/20/2023, 60% will vest on 11/30/2026, 20% will vest on 11/30/2027, and 20% will vest on 11/30/2028.

8. Of the 2,724 RSUs granted on 11/25/2024, 60% will vest on 11/30/2027, 20% will vest on 11/30/2028, and 20% will vest on 11/30/2029.

9. RSUs granted as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan.

Remarks:

campagnolipoa.txt

	/s/ Vincent Campagnoli by Jonathan J. Doyle as Attorney-in-Fact	02/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.