X0306 4 2020-11-18 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001422342 Raney Steven M 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 President & CEO RJBank Common Stock 2020-11-18 4 M 0 1000.0000 0 A 34344.0000 D Common Stock 2020-11-18 4 F 0 243.0000 89.0800 D 34101.0000 D Common Stock 1804.0000 I ESOP Restricted Stock Units 2020-11-18 4 M 0 1000.0000 0.0000 D 2020-11-18 Common Stock 1000.0000 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 73 shares of common stock acquired on March 3, 2020, 88 shares of common stock acquired on June 2, 2020, and 41 shares of common stock acquired on September 2, 2020, pursuant to the registrant's Employee Stock Purchase Plan. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 17, 2020. RSUs vested 60% on 11/18/2018, 20% on 11/18/2019, and 20% on 11/18/2020. This Form 4 reports (i) the partial vesting of RSUs awarded to the reporting person and (ii) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting. /s/ Steven M. Raney by Jonathan J. Doyle as Attorney-in-Fact 2020-11-20