Form 4: Rayonier Advanced Materials Director Acquires and Disposes of Shares
SEC Filing Form 4
Ivona Smith, a director at Rayonier Advanced Materials, reports acquiring and disposing of common stock and restricted stock units.
Summary
- On May 18, 2024, Ivona Smith, a director of Rayonier Advanced Materials Inc. (RYAM), engaged in transactions involving the company's stock.
- Smith acquired 27,316 shares of common stock at $0.00 and disposed of 27,316 shares of common stock.
- Following these transactions, Smith beneficially owns 94,184 shares of common stock.
- Additionally, on May 16, 2024, Smith acquired 25,387 restricted stock units (RSUs) which each represent a contingent right to receive one share of RYAM common stock.
- These RSUs are exercisable on May 16, 2025, and expire on May 16, 2025.
- After these transactions, Smith directly owns 25,387 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of key individuals within the company.
Stakeholder Impact
- Shareholders can use this information to understand the actions of company insiders.
- The filing provides transparency regarding the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Acquisition of 25,387 Restricted Stock Units |
| 05/18/2024 | Acquisition and disposal of 27,316 shares of common stock |
| 05/16/2025 | Restricted Stock Units exercisable and expiration date |
| 05/19/2024 | Date of signature for the Form 4 filing |
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