4/A: Rayonier Advanced Materials Director Corrects Stock Unit Grant in Amended SEC Filing
SEC Filing (Form 4/A)
Charles E. Adair, 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 on May 16, 2024.
Summary
- Charles E. Adair, a director of Rayonier Advanced Materials Inc. (RYAM), filed an amended Form 4 with the SEC.
- The amendment corrects an administrative error in the original filing from May 20, 2024, regarding the number of restricted stock units (RSUs) granted to Adair on May 16, 2024.
- The corrected filing states that Adair received 16,429 RSUs, each representing a contingent right to receive one share of RYAM common stock.
- These RSUs vest on May 16, 2025.
- The reporting person directly owns the 16,429 derivative securities.
Sentiment
Score: 7
Explanation: The document is a routine correction of an administrative error, so it's neutral to slightly positive as it demonstrates transparency and compliance.
Industry Context
This type of filing is standard for publicly traded companies and their insiders, ensuring transparency in stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the RSU grant to Charles E. Adair. |
| 05/20/2024 | Date of the original SEC filing with the incorrect RSU number. |
| 05/16/2025 | Vesting date for the 16,429 RSUs. |
| 05/30/2024 | Date of the amended SEC filing (Form 4/A). |
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