Form 4: Rayonier Advanced Materials Director Acquires and Disposes of Shares
SEC Filing Form 4
Director Charles R. Eggert reports acquisition and disposal of Rayonier Advanced Materials Inc. shares, including restricted stock units, in recent transactions.
Summary
- Charles R. Eggert, a director of Rayonier Advanced Materials Inc. (RYAM), filed a Form 4 detailing changes in beneficial ownership.
- On May 18, 2024, 27,316 shares of common stock were acquired at a price of $0.0000.
- Following the reported transactions, Eggert directly owns 47,126 shares of common stock.
- On May 16, 2024, Eggert acquired 25,387 restricted stock units, each representing a contingent right to receive one share of RYAM common stock, exercisable between May 16, 2025 and May 16, 2025.
- On May 18, 2024, 27,316 restricted stock units were disposed of.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company directors as an indicator of confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Acquisition of 25,387 restricted stock units |
| 05/18/2024 | Acquisition of 27,316 shares of common stock and disposal of 27,316 restricted stock units |
| 05/19/2024 | Date of signature by Attorney-in-Fact |
| 05/16/2025 | Restricted stock units exercisable and expiration date |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.