Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-31

RAYMOND JAMES FINANCIAL INC (RJF)

CEO Paul Shoukry was paid $17,277,875 in fiscal year 2025, ↑ up 144.3% from fiscal year 2024, the 45th percentile of its disclosed peer group (SEC filing 0000720005-26-000019 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$21,070,760
Paul Reilly total, FY2025
Former Chief Executive Officer — highest-paid officer; CEO Paul Shoukry: $17,277,875
45th
CEO (Paul Shoukry) pay percentile vs peers
153:1
CEO-to-median pay ratio
94.74%
Say-on-pay support, latest vote

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- Paul Shoukry (Chief Executive Officer), FY2025 total compensation $17,277,875 (base salary $645,833) [exec_comp, SEC accession 0000720005-26-000019, filed 2026-01-07]

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RJF's next annual pay disclosure, estimated January 6, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Paul Reilly$604,167$8,700,061$11,649,917$0—$0$116,615$21,070,760
Former Chief Executive Officer
Paul Shoukry645,8338,000,0238,549,7480—082,27117,277,875
Chief Executive Officer
James Bunn500,0003,900,1913,649,7000—0224,8828,274,773
President of Capital Markets & Advisory
Tashtego Elwyn500,0003,900,1911,899,9020—0324,5846,624,677
President of Private Client Group
Scott Curtis500,0003,325,3051,899,9020—0182,4905,907,697
Chief Operating Officer
Jonathan Oorlog435,0002,450,265344,1990—0105,0603,334,524
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Paul Reilly$21,070,760$23,084,330$34,912,956↓ −2,013,570
Paul Shoukry17,277,8757,071,7166,669,600↑ +10,206,159
James Bunn8,274,7736,698,0106,302,235↑ +1,576,763
Tashtego Elwyn6,624,677—10,227,888—
Scott Curtis5,907,6975,762,22910,392,332↑ +145,468
Jonathan Oorlog3,334,524———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$21,070,760 Paul Reilly total, FY2025

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Data as of August 31, 2026 · Source: 0000720005-26-000019 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against RJF
17 companies name RJF as a compensation peer

Each company listed discloses RJF in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RJF in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Anne GatesIndependent Director$349,954
Art A. GarciaIndependent Director$324,954
Benjamin C. EstyIndependent Director$349,954
Cecily M. MistarzIndependent Director$531,619
Gordon L. JohnsonIndependent Director$543,744
Jeffrey N. EdwardsLead Independent Director$374,954
Mark W. BegorIndependent Director$181,123
Marlene DebelIndependent Director$364,954
Raj SeshadriIndependent Director$324,954
Raymond W. McDaniel JrIndependent Director$324,954
Roderick C. McGearyIndependent Director$364,954
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jeffrey N. EdwardsDirector2026-01-30A20,504.5$0$0CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-01-30D20,504.500CommonForm 4 ↗
Jonathan N. SantelliEVP, General Counsel2026-02-04D4,500170767,079CommonForm 4 ↗
Dividend-equivalent accruals2026-02-19—7,361——3 insiders, 9 accrual rows
Marlene DebelDirector2026-02-19A1,25300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A1,30300CommonForm 4 ↗
Benjamin C. EstyDirector2026-02-19A1,30300CommonForm 4 ↗
Mark W. BegorDirector2026-02-19A1,30300CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-19A1,25300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A25000CommonForm 4 ↗
Art A. GarciaDirector2026-02-19A1,30300CommonForm 4 ↗
Roderick C. McGearyDirector2026-02-19A1,30300CommonForm 4 ↗
Raymond W. McDaniel JrDirector2026-02-19A1,30300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A1,25300CommonForm 4 ↗
Raj SeshadriDirector2026-02-19A1,30300CommonForm 4 ↗
Anne GatesDirector2026-02-19A1,30300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A25000CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-24D1,503.500CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-24A1,503.500CommonForm 4 ↗
Dividend-equivalent accruals2026-02-28—600——1 insider, 1 accrual row
Christopher S. AisenbreyChief Human Resources Officer2026-02-28D13215320,207CommonForm 4 ↗
Christopher S. AisenbreyChief Human Resources Officer2026-02-28A60000CommonForm 4 ↗
Bella Loykhter AllaireChief Admin Officer2026-03-19D29,5511424,206,289CommonForm 4 ↗
Steven M. RaneyExecutive Chair RJBank2026-07-27D5,770173998,033Common, open-market saleForm 4 ↗
Tashtego ElwynPresident, PCG2026-07-28D10,0001761,760,552Common, open-market saleForm 4 ↗
Scott CurtisChief Operating Officer2026-08-18D1,00000CommonForm 4 ↗
Tarek HelalChief Strategy Officer2026-08-20D23,39700CommonForm 4 ↗
Tarek HelalChief Strategy Officer2026-08-20A23,39700CommonForm 4 ↗
Bella Loykhter AllaireChief Admin Officer2026-08-28D7,5001781,331,981Common, open-market saleForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 37 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jeffrey N. EdwardsDirector2026-01-30A20,504.5$0$0CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-01-30D20,504.500CommonForm 4 ↗
Jonathan N. SantelliEVP, General Counsel2026-02-04D4,500170767,079CommonForm 4 ↗
Marlene DebelDirector2026-02-19D1,25300Derivative, Class A CommonForm 4 ↗
Marlene DebelDirector2026-02-19A1,30300Derivative, Class A CommonForm 4 ↗
Marlene DebelDirector2026-02-19A1,25300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19D25000Derivative, Class A CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A1,30300CommonForm 4 ↗
Benjamin C. EstyDirector2026-02-19A1,30300CommonForm 4 ↗
Mark W. BegorDirector2026-02-19A1,30300CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-19D1,25300Derivative, Class A CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-19A1,25300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A24800Derivative, Class A CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A24800Derivative, Class A CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A25000CommonForm 4 ↗
Art A. GarciaDirector2026-02-19A1,30300CommonForm 4 ↗
Roderick C. McGearyDirector2026-02-19A1,30300CommonForm 4 ↗
Raymond W. McDaniel JrDirector2026-02-19A1,30300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A1,25300CommonForm 4 ↗
Raj SeshadriDirector2026-02-19A1,30300CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19D25000Derivative, Class A CommonForm 4 ↗
Anne GatesDirector2026-02-19A1,30300CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-19A1,30300Derivative, Class A CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19D1,25300Derivative, Class A CommonForm 4 ↗
Cecily M. MistarzDirector2026-02-19A25000CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-24D1,503.500CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-02-24A1,503.500CommonForm 4 ↗
Christopher S. AisenbreyChief Human Resources Officer2026-02-28D60000Derivative, Class A CommonForm 4 ↗
Christopher S. AisenbreyChief Human Resources Officer2026-02-28D13215320,207CommonForm 4 ↗
Christopher S. AisenbreyChief Human Resources Officer2026-02-28A60000CommonForm 4 ↗
Bella Loykhter AllaireChief Admin Officer2026-03-19D29,5511424,206,289CommonForm 4 ↗
Steven M. RaneyExecutive Chair RJBank2026-07-27D5,770173998,033Common, open-market saleForm 4 ↗
Tashtego ElwynPresident, PCG2026-07-28D10,0001761,760,552Common, open-market saleForm 4 ↗
Scott CurtisChief Operating Officer2026-08-18D1,00000CommonForm 4 ↗
Tarek HelalChief Strategy Officer2026-08-20D23,39700CommonForm 4 ↗
Tarek HelalChief Strategy Officer2026-08-20A23,39700CommonForm 4 ↗
Bella Loykhter AllaireChief Admin Officer2026-08-28D7,5001781,331,981Common, open-market saleForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
James BunnPSU2024-12-136861,714—3,085$274,874
Paul ShoukryRSU2024-12-13——7,950—1,274,941
James BunnRSU2024-12-13——3,741—599,944
Scott CurtisRSU2024-12-13——4,053—649,979
Paul ReillyPSU2024-12-1317,43443,586—78,4556,989,950
Paul ShoukryRSU2025-02-20——15,666—2,499,980
Paul ShoukryRSU2024-12-13——6,235—999,906
James BunnRSU2024-12-13——1,715—275,034
Scott CurtisRSU2024-12-13——3,741—599,944
Tashtego ElwynPSU2024-12-131,6214,053—7,295649,979
Jonathan OorlogRSU2024-11-25——1,513—249,917
Scott CurtisPSU2024-12-131,6214,053—7,295649,979
Tashtego ElwynRSU2024-12-13——4,053—649,979
Paul ShoukryPSU2024-12-133,1807,950—14,3101,274,941
Paul ShoukryPSU2025-02-206,26615,666—28,1992,499,980
Tashtego ElwynRSU2024-12-13——3,741—599,944
Paul ReillyRSU2024-12-13——29,058—4,659,967
James BunnPSU2024-12-136,23515,588—28,0582,499,848
Jonathan OorlogRSU2024-12-06——577—94,282
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
James Bunn$874,978$2,774,722$076.0%
Paul Shoukry4,774,8273,774,921044.2%
Scott Curtis1,249,923649,979034.2%
Paul Reilly4,659,9676,989,950060.0%
Tashtego Elwyn1,249,923649,979034.2%
Jonathan Oorlog344,199000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jonathan OorlogRSU750—$129,450
Paul ShoukryRSU14,507—2,503,908
Paul ShoukryRSU5,441—939,117
James BunnRSU9,272—1,600,347
Paul ShoukryRSU1,500—258,900
Paul ReillyRSU85,259—14,715,703
James BunnRSU19,775—3,413,165
Paul ShoukryPSU14,310—2,469,906
Paul ShoukryPSU28,199—4,867,147
Paul ShoukryRSU6,313—1,089,624
Paul ShoukryRSU7,950—1,372,170
Paul ReillyPSU90,097—15,550,742
Jonathan OorlogRSU1,513—261,144
Tashtego ElwynRSU1,500—258,900
Scott CurtisRSU50,779—8,764,455
Paul ReillyRSU33,369—5,759,489
Scott CurtisPSU7,295—1,259,117
James BunnRSU10,428—1,799,873
Paul ReillyRSU29,058—5,015,411
Scott CurtisRSU5,411—933,939
Scott CurtisRSU4,761—821,749
Scott CurtisRSU3,741—645,697
Paul ReillyPSU78,455—13,541,333
Paul ReillyPSU230,202—39,732,865
Paul ShoukryPSU9,792—1,690,099
Paul ReillyRSU3,900—673,140
Tashtego ElwynRSU50,779—8,764,455
Jonathan OorlogRSU2,056—354,866
James BunnPSU31,143—5,375,282
Scott CurtisRSU4,053—699,548
James BunnPSU18,770—3,239,702
Paul ShoukryRSU15,666—2,703,952
Paul ShoukryRSU5,411—933,939
James BunnRSU14,507—2,503,908
Paul ReillyRSU5,479—945,675
Paul ReillyRSU11,788—2,034,609
Paul ReillyRSU11,724—2,023,562
Paul ShoukryPSU11,363—1,961,254
Scott CurtisPSU9,740—1,681,124
Scott CurtisPSU8,568—1,478,837
Tashtego ElwynPSU8,521—1,470,725
Tashtego ElwynRSU3,741—645,697
Tashtego ElwynPSU7,547—1,302,612
Tashtego ElwynPSU7,295—1,259,117
James BunnRSU3,741—645,697
Paul ShoukryRSU6,235—1,076,161
James BunnRSU5,411—933,939
Tashtego ElwynRSU5,411—933,939
Tashtego ElwynRSU4,735—817,261
Paul ShoukryRSU4,636—800,174
Tashtego ElwynRSU4,194—723,884
Tashtego ElwynRSU4,053—699,548
Jonathan OorlogRSU577—99,590
Scott CurtisRSU2,528—436,333
Tashtego ElwynRSU2,528—436,333
James BunnPSU2,434—420,108
Jonathan OorlogRSU2,396—413,550
Jonathan OorlogRSU1,834—316,548
James BunnRSU1,715—296,009
James BunnRSU1,500—258,900
Scott CurtisRSU1,500—258,900
James BunnRSU1,353—233,528
Jonathan OorlogRSU782—134,973
Jonathan OorlogRSU631—108,911
05

Incentive-plan design — the Compensation Discussion & Analysis

The Committee applies its informed discretion to determine compensation based on company and individual performance, using market data as a reference rather than a formulaic target. Annual bonuses are funded from a pool not to exceed 6% of consolidated pre-tax income.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-02-19152,570,4098,470,5831,389,48694.74%Passed
20252025-02-20149,425,88317,719,175554,92889.4%Passed
20242024-02-22144,487,23628,714,545546,23983.42%Passed
20232023-02-23160,218,87014,229,603636,77591.84%Passed
20222022-02-24158,697,2058,517,460494,33494.91%Passed
20212021-02-18105,938,4704,768,456403,25295.69%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-02-1994.74%a
20252025-02-2089.4%b
20242024-02-2283.42%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, are not counted as "votes cast" with respect to such proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, are not counted as "votes cast" with respect to such proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, are not counted as "votes cast" with respect to such proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)153 : 1
CEO total compensation$18,763,855
Median employee compensation$123,007
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gordon L. JohnsonIndependent · Risk Committee · Compensation and Talent Committee · Not standing for re-election$264,000$279,744$0$0$0$543,744
Cecily M. MistarzIndependent · Audit Committee · Risk Committee251,875279,744000531,619
Jeffrey N. EdwardsIndependent · Lead Independent Director · Nominating and Corporate Governance Committee · Compensation and Talent Committee · Capital Planning Committee175,000199,954000374,954
Roderick C. McGearyIndependent · Audit Committee (Chair) · Risk Committee · Nominating and Corporate Governance Committee165,000199,954000364,954
Marlene DebelIndependent · Audit Committee · Risk Committee (Chair) · Capital Planning Committee165,000199,954000364,954
Benjamin C. EstyIndependent · Nominating and Corporate Governance Committee · Compensation and Talent Committee (Chair)150,000199,954000349,954
Anne GatesIndependent · Audit Committee · Nominating and Corporate Governance Committee (Chair)150,000199,954000349,954
Raj SeshadriIndependent · Risk Committee · Compensation and Talent Committee125,000199,954000324,954
Art A. GarciaIndependent · Audit Committee · Risk Committee · Capital Planning Committee (Chair) · Newly elected125,000199,954000324,954
Raymond W. McDaniel JrIndependent · Risk · Compensation125,000199,954000324,954
Mark W. BegorIndependent · Audit Committee · Risk Committee · Newly elected31,250149,873000181,123
Paul C. ReillyEmployee director · Board Chair · Capital Planning Committee000—00
Paul M. ShoukryEmployee director · Capital Planning Committee000—00
09

Board fee structure and ownership guideline

Annual cash retainer$135,000
Annual equity retainer$210,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)40,000 / 30,000 / 25,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,727,125
Equity awards (grant-date value)$2,308,993
All other compensation$0
Total cost of the board$4,036,118

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies RAYMOND JAMES FINANCIAL INC names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including RAYMOND JAMES FINANCIAL INC.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Bank of New York Mellon2025Robin Vince$1,300,000$47,440,141$25,000,004$9,510,000$83,472,970
2Ameriprise Financial Inc.2025James Cracchiolo1,250,00015,010,0003,990,0007,750,00030,828,468
3Jefferies Financial Group Inc.2025Richard Handler1,000,00017,206,2430028,447,020
4State Street Corporation2025Ronald O'Hanley1,200,00012,764,92405,399,37519,529,070
5Stifel Financial Corp.2025Ronald Kruszewski200,0008,880,0000018,908,297
6Charles Schwab Corp.2025Richard Wurster1,248,4687,612,5535,075,0194,727,41618,755,222
7RAYMOND JAMES FINANCIAL INC2025Paul Shoukry645,8338,549,7480—17,277,875
8T. Rowe Price Group Inc.2025Robert Sharps350,0008,401,68908,401,50017,245,792
9Franklin Resources Inc.2025Jennifer Johnson750,0008,959,77106,925,00016,844,816
10Invesco Ltd.2025Andrew Schlossberg750,00010,084,90305,321,25016,299,849
11LPL Financial Holdings Inc.2025Richard Steinmeier900,00010,045,54203,591,00014,574,496
12Northern Trust Corporation2025Michael O'Grady1,000,0006,150,11102,730,00010,059,154

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
RAYMOND JAMES FINANCIAL INCnot disclosedPSU 60NoMeridian Compensation Partners
Ameriprise Financial Inc.155%PSU 50NoSemler Brossy
Bank of New York Mellonnot disclosedPSU 75 · RSU 25Yes — TSR percentile vs. Relative Peer GroupMeridian
Charles Schwab Corp.116.5%PSU 60 · Options 40NoSemler Brossy Consulting Group LLC
Franklin Resources Inc.1847%PSU 100YesSemler Brossy Consulting Group
Invesco Ltd.129%not disclosedYes — Relative TSRJohnson Associates, Inc.
Jefferies Financial Group Inc.not disclosednot disclosedNoPearl Meyer
LPL Financial Holdings Inc.133%PSU 70 · RSU 30Yes — TSR relative to Comparator GroupCompensation Consultant
Northern Trust Corporationnot disclosedPSU 65 · RSU 35NoMeridian Compensation Partners, LLC
State Street Corporationnot disclosedPRSU 62 · DSA 38NoMeridian Compensation Partners
Stifel Financial Corp.not disclosednot disclosedNoCompensation Advisory Partners LLC
T. Rowe Price Group Inc.not disclosedRSU 50 · PRSU 50NoJohnson Associates

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at RAYMOND JAMES FINANCIAL INC in fiscal 2025?
As disclosed, Paul Reilly (Former Chief Executive Officer) was the highest-paid executive at RAYMOND JAMES FINANCIAL INC in fiscal 2025, with total compensation of $21,070,760.
How does RAYMOND JAMES FINANCIAL INC's chief executive pay compare to its disclosed peer group?
As disclosed, Paul Shoukry's total compensation ranked at the 45th percentile of RAYMOND JAMES FINANCIAL INC's disclosed peer group.
What is RAYMOND JAMES FINANCIAL INC's CEO-to-median employee pay ratio?
As disclosed, RAYMOND JAMES FINANCIAL INC's CEO-to-median employee pay ratio was 153:1.
How did shareholders vote on RAYMOND JAMES FINANCIAL INC's executive compensation?
As disclosed, 94.74% of shareholders supported RAYMOND JAMES FINANCIAL INC's executive compensation in the latest say-on-pay vote.
How much does RAYMOND JAMES FINANCIAL INC spend in total on board compensation for fiscal 2025?
As disclosed, RAYMOND JAMES FINANCIAL INC reported total board compensation of $4,036,118 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Paul ReillyDEF 14A2026-01-070000720005-26-000019Section “Summary Compensation Table for Fiscal 2025” · page 58. As printed: 21,070,760. Filing ↗machine: t155 · r5 · c15 · span 1112829–1112840
2Section 01, Paul ShoukryDEF 14A2026-01-070000720005-26-000019Section “Summary Compensation Table for Fiscal 2025” · page 58. As printed: 17,277,875. Filing ↗machine: t155 · r2 · c15 · span 1103853–1103864
3Section 01, James BunnDEF 14A2026-01-070000720005-26-000019Section “Summary Compensation Table for Fiscal 2025” · page 58. As printed: 8,274,773. Filing ↗machine: t155 · r11 · c15 · span 1125917–1125927
4Section 01, Tashtego ElwynDEF 14A2026-01-070000720005-26-000019Section “Summary Compensation Table for Fiscal 2025” · page 58. As printed: 6,624,677. Filing ↗machine: t155 · r17 · c15 · span 1143480–1143490
5Section 01, Scott CurtisDEF 14A2026-01-070000720005-26-000019Section “Summary Compensation Table for Fiscal 2025” · page 58. As printed: 5,907,697. Filing ↗machine: t155 · r14 · c15 · span 1134463–1134473
6Section 01, Jonathan OorlogDEF 14A2026-01-070000720005-26-000019Section “Summary Compensation Table for Fiscal 2025” · page 58. As printed: 3,334,524. Filing ↗machine: t155 · r8 · c15 · span 1121643–1121653
7Section 03, James Bunn PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r12 · c11 · span 1216770–1216777
8Section 03, Paul Shoukry RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r3 · c11 · span 1198323–1198332
9Section 03, James Bunn RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r15 · c5 · span 1222273–1222278
10Section 03, Scott Curtis RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r16 · c11 · span 1225523–1225530
11Section 03, Paul Reilly PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r8 · c11 · span 1208640–1208649
12Section 03, Paul Shoukry RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r6 · c4 · span 1203569–1203575
13Section 03, Paul Shoukry RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r4 · c5 · span 1199442–1199447
14Section 03, James Bunn RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r14 · c5 · span 1220392–1220397
15Section 03, Scott Curtis RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r18 · c5 · span 1228447–1228452
16Section 03, Tashtego Elwyn PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r19 · c11 · span 1231725–1231732
17Section 03, Jonathan Oorlog RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r10 · c9 · span 1212379–1212386
18Section 03, Scott Curtis PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r16 · c11 · span 1225523–1225530
19Section 03, Tashtego Elwyn RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r19 · c11 · span 1231725–1231732
20Section 03, Paul Shoukry PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t158 · r3 · c11 · span 1198323–1198332
21Section 03, Paul Shoukry PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r6 · c4 · span 1203569–1203575
22Section 03, Tashtego Elwyn RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r21 · c5 · span 1234841–1234846
23Section 03, Paul Reilly RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r9 · c5 · span 1209551–1209557
24Section 03, James Bunn PSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r13 · c4 · span 1218264–1218270
25Section 03, Jonathan Oorlog RSUDEF 14A2026-01-070000720005-26-000019Section “Grants of Plan Based Awards for Fiscal” · grants of plan-based awards table. Filing ↗machine: t158 · r11 · c5 · span 1213498–1213501
26Section 07, pay ratioDEF 14A2026-01-070000720005-26-000019Section “CEO Pay Ratio”. As printed: 153 : 1. Filing ↗machine: span 1612031–1612039
27Section 08, Gordon L. JohnsonDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 543,744. Filing ↗machine: span 768911–769360
28Section 08, Cecily M. MistarzDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 531,619. Filing ↗machine: span 776318–776767
29Section 08, Jeffrey N. EdwardsDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 374,954. Filing ↗machine: span 759161–759610
30Section 08, Roderick C. McGearyDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 364,954. Filing ↗machine: span 773670–774119
31Section 08, Marlene DebelDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 364,954. Filing ↗machine: span 756785–757234
32Section 08, Benjamin C. EstyDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 349,954. Filing ↗machine: span 761535–761984
33Section 08, Anne GatesDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 349,954. Filing ↗machine: span 766274–766723
34Section 08, Raj SeshadriDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 324,954. Filing ↗machine: span 778970–779483
35Section 08, Art A. GarciaDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 324,954. Filing ↗machine: span 763906–764355
36Section 08, Raymond W. McDaniel JrDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 324,954. Filing ↗machine: span 771293–771742
37Section 08, Mark W. BegorDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 181,123. Filing ↗machine: span 754420–754865
38Section 08, Paul C. ReillyDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, Paul M. ShoukryDEF 14A2026-01-070000720005-26-000019Section “Director Compensation”. As printed: 0. Filing ↗
40Section 02, Jeffrey N. Edwards 2026-01-30Form 42026-02-030001225208-26-001141Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Jeffrey N. Edwards 2026-01-30Form 42026-02-030001225208-26-001141Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jonathan N. Santelli 2026-02-04Form 42026-02-050001225208-26-001359Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Marlene Debel 2026-02-19Form 42026-02-230001225208-26-002377Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Marlene Debel 2026-02-19Form 42026-02-230001225208-26-002377Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Marlene Debel 2026-02-19Form 42026-02-230001225208-26-002377Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Benjamin C. Esty 2026-02-19Form 42026-02-230001225208-26-002380Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Mark W. Begor 2026-02-19Form 42026-02-230001225208-26-002376Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Jeffrey N. Edwards 2026-02-19Form 42026-02-230001225208-26-002378Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Jeffrey N. Edwards 2026-02-19Form 42026-02-230001225208-26-002378Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Art A. Garcia 2026-02-19Form 42026-02-230001225208-26-002381Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Roderick C. McGeary 2026-02-19Form 42026-02-230001225208-26-002383Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Raymond W. McDaniel Jr 2026-02-19Form 42026-02-230001225208-26-002384Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Raj Seshadri 2026-02-19Form 42026-02-230001225208-26-002385Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Anne Gates 2026-02-19Form 42026-02-230001225208-26-002382Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Jeffrey N. Edwards 2026-02-19Form 42026-02-230001225208-26-002378Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Cecily M. Mistarz 2026-02-19Form 42026-02-230001225208-26-002379Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Jeffrey N. Edwards 2026-02-24Form 42026-02-250001225208-26-002653Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Jeffrey N. Edwards 2026-02-24Form 42026-02-250001225208-26-002653Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Christopher S. Aisenbrey 2026-02-28Form 42026-03-030001225208-26-002940Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Christopher S. Aisenbrey 2026-02-28Form 42026-03-030001225208-26-002940Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Christopher S. Aisenbrey 2026-02-28Form 42026-03-030001225208-26-002940Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Bella Loykhter Allaire 2026-03-19Form 42026-03-200001225208-26-003890Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Steven M. Raney 2026-07-27Form 42026-07-280001225208-26-006757Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Tashtego Elwyn 2026-07-28Form 42026-07-290001225208-26-006781Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Scott Curtis 2026-08-18Form 42026-08-200001225208-26-007224Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Tarek Helal 2026-08-20Form 42026-08-270001225208-26-007342Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Tarek Helal 2026-08-20Form 42026-08-270001225208-26-007342Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Bella Loykhter Allaire 2026-08-28Form 42026-08-310001225208-26-007407Insider equity transaction reported since the proxy statement. Filing ↗
77Section 06, 2026 voteForm 8-K2026-02-230000720005-26-000041Item 5.07 · say-on-pay result. As reported: 94.74% (votes for as printed: 152,570,409). Filing ↗
78Section 06, 2025 voteForm 8-K2025-02-260000720005-25-000039Item 5.07 · say-on-pay result. As reported: 89.4% (votes for as printed: 149,425,883). Filing ↗
79Section 06, 2024 voteForm 8-K2024-02-270000720005-24-000023Item 5.07 · say-on-pay result. As reported: 83.42% (votes for as printed: 144,487,236). Filing ↗
80Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
81Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
82Section 09b board cost (computed)Computed——Cash 1,727,125 + equity 2,308,993 + all other 0 = 4,036,118, summed across the director compensation table rows.machine: formula: Σ = 4,036,118
83Bank of New York Mellon, Section 10b CEO totalDEF 14A2026-03-050001193125-26-092500CEO total compensation as printed in Bank of New York Mellon's own proxy. As printed: 83,472,970. Filing ↗machine: t239 · r3 · c34 · span 1121523–1121533
84Ameriprise Financial Inc., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032725CEO total compensation as printed in Ameriprise Financial Inc.'s own proxy. As printed: 30,828,468. Filing ↗machine: r10 · c16 · span 1368799–1368809
85Jefferies Financial Group Inc., Section 10b CEO totalDEF 14A2026-02-230001140361-26-006361CEO total compensation as printed in Jefferies Financial Group Inc.'s own proxy. As printed: 28,447,020. Filing ↗machine: r2 · c25 · span 1220527–1220537
86State Street Corporation, Section 10b CEO totalDEF 14A2026-04-080001140361-26-013817CEO total compensation as printed in State Street Corporation's own proxy. As printed: 19,529,070. Filing ↗machine: r2 · c25 · span 1621757–1621768
87Stifel Financial Corp., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191643CEO total compensation as printed in Stifel Financial Corp.'s own proxy. As printed: 18,908,297. Filing ↗machine: t238 · r3 · c23 · span 1013386–1013396
88Charles Schwab Corp., Section 10b CEO totalDEF 14A2026-04-060001193125-26-142826CEO total compensation as printed in Charles Schwab Corp.'s own proxy. As printed: 18,755,222. Filing ↗machine: span 943741–943751
89RAYMOND JAMES FINANCIAL INC (subject), Section 10b CEO totalDEF 14A2026-01-070000720005-26-000019CEO total compensation as printed in RAYMOND JAMES FINANCIAL INC's own proxy. As printed: 17,277,875. Filing ↗machine: t155 · r2 · c15 · span 1103853–1103864
90T. Rowe Price Group Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-028876CEO total compensation as printed in T. Rowe Price Group Inc.'s own proxy. As printed: 17,245,792. Filing ↗machine: span 1474238–1474248
91Franklin Resources Inc., Section 10b CEO totalDEF 14A2025-12-220001140361-25-046314CEO total compensation as printed in Franklin Resources Inc.'s own proxy. As printed: 16,844,816. Filing ↗machine: r8 · c22 · span 1261002–1261012
92Invesco Ltd., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140019CEO total compensation as printed in Invesco Ltd.'s own proxy. As printed: 16,299,849. Filing ↗machine: t223 · r2 · c27 · span 1030655–1030665
93LPL Financial Holdings Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140066CEO total compensation as printed in LPL Financial Holdings Inc.'s own proxy. As printed: 14,574,496. Filing ↗machine: t313 · r3 · c29 · span 1887460–1887470
94Northern Trust Corporation, Section 10b CEO totalDEF 14A2026-03-110000073124-26-000022CEO total compensation as printed in Northern Trust Corporation's own proxy. As printed: 10,059,154. Filing ↗machine: r3 · c36 · span 1256395–1256406
95Section 10a, Charles Schwab Corp. reciprocityDEF 14A—0001193125-26-142826Charles Schwab Corp. names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Franklin Resources Inc. reciprocityDEF 14A—0001140361-25-046314Franklin Resources Inc. names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Invesco Ltd. reciprocityDEF 14A—0001193125-26-140019Invesco Ltd.'s most recent proxy was read; its disclosed peer group does not include RAYMOND JAMES FINANCIAL INC. Filing ↗
98Section 10a, Jefferies Financial Group Inc. reciprocityDEF 14A—0001140361-26-006361Jefferies Financial Group Inc. names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, Northern Trust Corporation reciprocityDEF 14A—0000073124-26-000022Northern Trust Corporation's most recent proxy was read; its disclosed peer group does not include RAYMOND JAMES FINANCIAL INC. Filing ↗
100Section 10a, Stifel Financial Corp. reciprocityDEF 14A—0001193125-26-191643Stifel Financial Corp. names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, T. Rowe Price Group Inc. reciprocityDEF 14A—0001104659-26-028876T. Rowe Price Group Inc.'s most recent proxy was read; its disclosed peer group does not include RAYMOND JAMES FINANCIAL INC. Filing ↗
102Section 10a, LPL Financial Holdings Inc. reciprocityDEF 14A—0001193125-26-140066LPL Financial Holdings Inc. names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, Ameriprise Financial Inc. reciprocityDEF 14A—0001104659-26-032725Ameriprise Financial Inc. names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, Bank of New York Mellon reciprocityDEF 14A—0001193125-26-092500Bank of New York Mellon names RAYMOND JAMES FINANCIAL INC in its own disclosed peer group (read from its most recent proxy). Filing ↗

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