X0508 4 2025-05-21 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001335111 Begor Mark W 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 0 Common Stock 2025-05-21 4 A 0 982.0000 0.0000 A 982.0000 D Consists of a grant of Deferred Restricted Stock Units ("DRSUs") as part of compensation for service on the registrant's Board of Directors. Upon vesting, the DRSUs convert to the right to receive shares of common stock on a one-to-one basis, together with accrued cash in lieu of dividends. The DRSUs vest at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant. Pursuant to an irrevocable election by the reporting person, settlement of the DRSUs will be deferred following vesting until the date the reporting person terminates his or her service on the Board of Directors. Includes DRSUs. This Form 4 reports the grant of DRSUs under the issuer's Amended and Restated 2012 Stock Incentive Plan. The award represents a prorated portion of the annual grant to the registrant's directors for part-year service on the Board of Directors. /s/ Mark W. Begor by Jonathan J. Doyle as Attorney-in-Fact 2025-05-23