4/A: Rayonier Advanced Materials Director Corrects Stock Unit Grant in Amended SEC Filing
SEC Filing Amendment
James F. Kirsch, a director of Rayonier Advanced Materials, filed an amended SEC Form 4/A to correct the number of restricted stock units (RSUs) granted on May 16, 2024.
Summary
- James F. Kirsch, a director at Rayonier Advanced Materials Inc. (RYAM), filed an amendment to a previously submitted SEC Form 4.
- The amendment corrects the number of restricted stock units (RSUs) granted to Kirsch 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.
- These RSUs vest on May 16, 2025.
Sentiment
Score: 7
Explanation: The document is a routine correction of an administrative error in an SEC filing. It doesn't indicate any fundamental issues with the company, but the initial error is slightly negative.
Negatives
- The original SEC filing contained an administrative error regarding the number of RSUs granted.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It ensures transparency regarding the holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the RSU grant with the initially reported incorrect number. |
| 05/16/2025 | Vesting date for the 16,429 restricted stock units. |
| 05/20/2024 | Date of original filing. |
| 05/30/2024 | Date of the amended filing (Form 4/A). |
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.