4/A: Rayonier Advanced Materials Director Corrects Stock Unit Grant in Amended SEC Filing
SEC Filing Amendment
Charles R. Eggert, a director of Rayonier Advanced Materials, filed an amended Form 4 with the SEC to correct the number of restricted stock units (RSUs) granted on May 16, 2024.
Summary
- Charles R. Eggert, a director at Rayonier Advanced Materials Inc. (RYAM), filed an amendment to a previous Form 4 filing with the SEC.
- The amendment corrects the number of restricted stock units (RSUs) granted to Eggert on May 16, 2024.
- The originally reported number of RSUs was incorrect due to an administrative error.
- The corrected number of RSUs granted 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 significant positive or negative developments for the company, but transparency is generally viewed favorably.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The correction of the RSU grant ensures accurate reporting to shareholders regarding executive compensation.
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. |
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