X0508 4 2023-11-20 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001541020 Dowdle Jeffrey A 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 COO & Head of Asset Mgmt. 0 Common Stock 2023-11-20 4 A 0 4152.0000 0.0000 A 44422.0000 D Common Stock 2023-11-29 4 M 0 1500.0000 0 A 47092.0000 D Common Stock 2023-11-29 4 F 0 330.0000 102.7300 D 46762.0000 D Common Stock 2023-11-30 4 M 0 4500.0000 0 A 51262.0000 D Common Stock 2023-11-30 4 F 0 1497.0000 103.7500 D 49765.0000 D Common Stock 1125.0000 I by Daughter EC Common Stock 13439.0000 I ESOP Common Stock 1125.0000 I UTMA Custodian for Son GT Restricted Stock Units 2023-11-29 4 M 0 1500.0000 0.0000 D 2023-11-29 Common Stock 1500.0000 0.0000 D Restricted Stock Units 2023-11-30 4 M 0 4500.0000 0.0000 D 2025-11-30 Common Stock 4500.0000 3000.0000 D Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2020. The PRSU grant was adjusted to reflect the stock split that occurred on September 21, 2021. 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. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 20, 2023. RSUs vested 60% on 11/29/2021, 20% on 11/29/2022, and 20% on 11/29/2023. RSUs vested 60% on 11/30/2023 and will vest 20% on 11/30/2024 and 20% on 11/30/2025. The RSU grant was previously reported as covering 5,000 shares awarded on December 3, 2020, but was adjusted to reflect the 3-for-2 stock split by means of a stock dividend that occurred on September 21, 2021. This Form 4 reports (i) the acquisition by the reporting person of common stock resulting from the vesting of Restricted Stock Units (RSUs) granted on 12/15/2020 based on the company's attaining certain levels of average after-tax return-on-equity over a three-year measurement period, (ii) the partial vestings of RSUs awarded to the reporting person, and (iii) dispositions by the reporting person to the issuer to cover the tax liability in connection with such vestings. /s/ Jeffrey A. Dowdle by Jonathan J. Doyle as Attorney-in-Fact 2023-12-01