Raymond James Financial (RJF) Proxy Filing summary

Executive summary

• Supplement updates Proposal 3 regarding the Amended and Restated 2012 Stock Incentive Plan, clarifying award calculations and dilution impact.

• Revised methodology eliminates the 2.8-to-1 fungible share ratio, providing a more accurate representation of dilution.

• As of December 17, 2025, 6,495,168 shares are subject to outstanding awards, with 7,590,594 shares available for future grants.

Voting matters and shareholder proposals

• Proposal 3 seeks approval of the Amended and Restated 2012 Stock Incentive Plan, with updated disclosure on award calculations and dilution.

• No other changes to the proxy statement or matters for shareholder consideration.

Executive compensation and say-on-pay

• 6,460,293 shares are subject to full value awards, and 34,875 to options with a weighted average price of $59.71 and less than one year term.

• The 2012 Plan is the only active equity compensation plan, aside from the 2003 Employee Stock Purchase Plan.