Form 4: Rayonier Advanced Materials Director Charles E. Adair Reports Stock Transactions
SEC Form 4 Filing
Director Charles E. Adair reports acquisition and disposal of Rayonier Advanced Materials stock and restricted stock units.
Summary
- On May 18, 2024, Charles E. Adair, a director of Rayonier Advanced Materials Inc., reported transactions involving the company's stock.
- Adair acquired 27,316 shares of common stock through the conversion of restricted stock units.
- Following these transactions, Adair directly owns 138,023 shares of Rayonier Advanced Materials Inc.
- Adair also acquired 25,387 restricted stock units on May 16, 2024, which are exercisable on May 16, 2025 and expire on May 16, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of earliest transaction; Acquisition of 25,387 Restricted Stock Units |
| 05/18/2024 | Conversion of 27,316 Restricted Stock Units to Common Stock |
| 05/19/2024 | Date of signature for the report |
| 05/16/2025 | Exercisable and Expiration date of 25,387 Restricted Stock Units |
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