Sec Form 3 Filing - Helal Tarek @ RAYMOND JAMES FINANCIAL INC - 2025-02-20

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Helal Tarek 2. Issuer Name and Ticker or Trading Symbol RAYMOND JAMES FINANCIAL INC [ RJF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Strategy Officer (Last) (First) (Middle) 880 CARILLON PARKWAY 3. Date of Earliest Transaction (MM/DD/YY) 02/20/2025 (Street) ST. PETERSBURG, FL33716 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 22,215 D Common Stock 161 I By the Mohamed Anis Helal March 2022 GRAT #4 Common Stock 495 ( 1 ) I ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exerci sable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 4 ) ( 2 ) 11/30/2025 Common Stock 900 ( 3 ) D Restricted Stock Units ( 4 ) ( 5 ) 11/30/2026 Common Stock 1,222 D Restricted Stock Units ( 4 ) ( 6 ) 11/30/2027 Common Stock 2,590 D Restricted Stock Units ( 4 ) ( 7 ) 11/30/2028 Common Stock 3,355 D Restricted Stock Units ( 4 ) ( 8 ) 11/30/2029 Common Stock 1,513 D Restricted Stock Units ( 4 ) 12/01/2026 12/01/2026 Common Stock 604 ( 9 ) D Restricted Stock Units ( 4 ) 12/02/2025 12/02/2025 Common Stock 442 ( 9 ) D Restricted Stock Units ( 4 ) 12/06/2027 12/06/2027 Common Stock 679 ( 9 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Helal Tarek 880 CARILLON PARKWAY ST. PETERSBURG, FL33716 Chief Strategy Officer Signatures /s/ Tarek Helal by Jonathan J. Doyle as Attorney-in-Fact 02/26/2025 Signature of Reporting Person Date

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 3,000 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 3,000 shares awarded on November 23, 2020, of which 600 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 3,056 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 2,590 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 3,355 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 1,513 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: helalpoa.txt

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 4(b)(v).

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