Form 4: Rayonier Advanced Materials Director Acquires Restricted Stock Units
SEC Form 4 Filing
Eric Bowen, a director of Rayonier Advanced Materials Inc., acquired 10,646 restricted stock units on September 9, 2024.
Summary
- On September 9, 2024, Eric Bowen, a director of Rayonier Advanced Materials Inc. (RYAM), acquired 10,646 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of RYAM common stock.
- The restricted stock units were acquired on 09/09/2024 and are exercisable on 05/14/2025 and expire on 05/14/2025.
- Following the transaction, Bowen directly owns 10,646 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock units by a director may signal confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides shareholders with insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Eric Bowen acquired restricted stock units. |
| 05/14/2025 | Date exercisable and expiration date for the restricted stock units. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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