Form 4: Rayonier Advanced Materials CFO Reports Stock Transactions Following PSU Vesting

CFO Marcus J. Moeltner reports acquisition and disposal of Rayonier Advanced Materials stock related to the vesting of Performance Stock Units (PSUs) and tax withholding.

Summary

• On March 4, 2025, Marcus J. Moeltner, CFO and SVP of Finance at Rayonier Advanced Materials Inc., reported transactions involving the company's common stock.
• These transactions are related to the vesting of Performance Stock Unit Awards (PSUs) granted on March 1, 2022, and July 13, 2022.
• The vesting of PSUs was based on relative and absolute total shareholder return metrics, share price performance, and three-year cumulative adjusted EBITDA, as certified by the Compensation and Management Development Committee on March 4, 2025.
• Moeltner acquired 82,649 shares of common stock upon the vesting of these PSUs at a price of $0.0000.
• The company withheld 32,523 shares of common stock at $7.48 per share to satisfy tax withholding requirements.
• Following these transactions, Moeltner beneficially owns 172,139 shares of Rayonier Advanced Materials Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions related to PSU vesting, which is a normal part of executive compensation. The vesting suggests performance targets were met, which is mildly positive, but the tax withholding is a neutral event.

Positives

• The vesting of PSUs indicates that performance criteria related to shareholder return, share price, and adjusted EBITDA were met.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Analysts often compare insider activity to that of peers like International Paper (IP) or WestRock (WRK), which also have executives who receive stock-based compensation.
• The vesting of PSUs based on metrics like shareholder return and EBITDA is a typical incentive structure used across the industry to align executive compensation with company performance.

Stakeholder Impact

• Shareholders may view the PSU vesting as a positive sign, indicating that the company met certain performance goals.
• The transactions have a minor impact on the overall share structure.

Key Dates