Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 2, 2021, John C. Carson, Jr. notified Raymond James Financial, Inc. (the "Company") of his decision to retire as the Company's President effective December 31, 2021. He is expected to continue to serve as vice chairman for a period of time to ensure the successful transition of responsibilities.

A copy of the press release issued by the Company in connection with the above is attached as Exhibit 99.1 to this Current Report and is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure

On December 2, 2021, the Company issued a press release (the "Press Release") announcing that the Board had declared a quarterly dividend of $0.34 per share for each outstanding share of common stock of the Company. The dividend is payable on January 18, 2022 to shareholders of record on January 4, 2022.

A copy of the Press Release is attached to this Current Report as Exhibit 99.2 and is incorporated herein by reference.

The information in this Item 7.01, including any exhibits hereto, is being "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company with the Securities and Exchange Commission, whether made before or after the date hereof, regardless of any general incorporation language in such filings (unless the Company specifically states that the information or exhibit in this particular report is incorporated by reference).




Item 8.01 Other Events

The Press Release also announced that the Board of Directors had authorized repurchase of the Company's shares of common stock ("Common Stock") in an aggregate amount of up to $1 billion. The $1 billion authorization replaced the previous repurchase authorization announced on December 3, 2020, under which approximately $632 million remained available as of December 2, 2021. These repurchases may be made from time to time at prices that the Company deems appropriate and subject to market conditions, applicable law, regulatory constraints in connection with previously announced acquisitions and other factors deemed relevant in the Company's sole discretion. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan. The Board's authorization does not have a fixed expiration date. All repurchased shares of Common Stock will be held as treasury shares. The repurchase authorization does not obligate the Company to repurchase any dollar amount or number of shares of Common Stock and may be suspended or discontinued at any time.

Information regarding repurchases of Common Stock will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

Item 9.01 Financial Statements and Exhibits



(d) Exhibits. The following are filed as exhibits to this report:
Exhibit No.        Description
99.1                 Press release, dated December 6, 2021, issued by Raymond James Financial,
                   Inc.
99.2                 Press release, dated December 2, 2021, issued by Raymond James Financial,
                   Inc.
104                Cover Page Interactive Data File (embedded within the Inline XBRL document).

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