4/A: Rayonier Advanced Materials Director Corrects Stock Unit Grant in Amended SEC Filing
SEC Filing
Bryan D. Yokley, a director at Rayonier Advanced Materials, files an amended Form 4 to correct the number of restricted stock units (RSUs) granted on May 16, 2024.
Summary
- This is an amended SEC Form 4 filing by Bryan D. Yokley, a director at Rayonier Advanced Materials Inc. (RYAM).
- The amendment corrects the number of restricted stock units (RSUs) granted to Yokley on May 16, 2024.
- The original filing incorrectly reported the number of RSUs; the corrected number is 16,429.
- Each RSU represents a contingent right to receive one share of RYAM common stock.
- The RSUs vest on May 16, 2025.
Sentiment
Score: 7
Explanation: The document is a routine correction of an administrative error in an SEC filing, indicating standard corporate governance practices. It doesn't suggest any underlying issues or concerns, hence a neutral to slightly positive sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction ensures accurate reporting to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the original transaction (grant of restricted stock units). |
| 05/20/2024 | Date of original filing which contained an error. |
| 05/16/2025 | Vesting date of the restricted stock units. |
| 05/30/2024 | Date of the amended filing. |
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.