4/A: Rayonier Advanced Materials Director Corrects Stock Unit Grant in Amended SEC Filing
SEC Filing (Form 4/A)
Lisa M. Palumbo, a director at Rayonier Advanced Materials, files an amendment to a previous SEC Form 4 to correct the number of restricted stock units (RSUs) granted.
Summary
- Lisa M. Palumbo, a director of Rayonier Advanced Materials Inc. (RYAM), filed an amended Form 4 with the SEC.
- The amendment corrects the number of restricted stock units (RSUs) granted on May 16, 2024.
- The original filing incorrectly reported the number of RSUs.
- The corrected number of RSUs granted 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 a regulatory filing. It doesn't indicate any fundamental issues with the company.
Negatives
- The original filing contained an administrative error regarding the number of RSUs granted.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments are sometimes necessary to correct errors.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the original transaction (grant of restricted stock units). |
| 05/20/2024 | Date of original filing that contained an error. |
| 05/16/2025 | Vesting date of the restricted stock units. |
| 05/30/2024 | Date of the amended filing. |
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