X0306 4 2019-12-13 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001601145 Elwyn Tashtego S 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 CEO & President - RJA Common Stock 2019-12-13 4 M 0 1802.0000 55.4900 A 27014.0000 D Common Stock 2019-12-15 4 M 0 1517.0000 0 A 28531.0000 D Common Stock 2019-12-15 4 F 0 596.0000 90.8800 D 27935.0000 D Common Stock 4340.0000 I ESOP Common Stock 50.0000 I UTMA Custodian for Daughter Common Stock 50.0000 I UTMA Custodian for Son Employee Stock Option (right to buy) 55.4900 2019-12-13 4 M 0 1802.0000 0.0000 D 2021-11-20 Common Stock 1802.0000 0.0000 D Restricted Stock Units 2019-12-13 4 A 0 2060.0000 0.0000 A 2022-12-13 2022-12-13 Common Stock 2060.0000 2060.0000 D Restricted Stock Units 2019-12-15 4 M 0 1517.0000 0.0000 D 2019-12-15 2019-12-15 Common Stock 1517.0000 0.0000 D 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. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 12, 2019. 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. Stock options vested 60% on 11/20/2017, 20% on 11/20/2018, and 20% on 11/20/2019. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan. This Form 4 reports (i) the exercise of employee stock options by the reporting person, (ii) a grant of RSUs under the issuer's Amended and Restated 2012 Stock Incentive Plan as a portion of the annual bonus to the reporting person, (iii) the vesting of RSUs awarded to the reporting person on December 15, 2016, and (iv) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting. /s/ Tashtego S. Elwyn by Jonathan J. Doyle as Attorney-in-Fact 2019-12-17