4/A: Rayonier Advanced Materials Director Corrects Stock Unit Grant in Amended SEC Filing
SEC Filing (Form 4/A)
David C. Mariano, a director at Rayonier Advanced Materials, files an amended SEC Form 4 to correct the number of restricted stock units (RSUs) granted on May 16, 2024.
Summary
- David C. Mariano, 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 regarding the number of restricted stock units (RSUs) granted to Mariano on May 16, 2024.
- The corrected number of RSUs granted is 16,429, each representing 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 a stock grant, which is neutral to slightly positive as it ensures accurate reporting.
Future Outlook
The director will receive shares of RYAM common stock upon the vesting of the restricted stock units on May 16, 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders benefit from accurate reporting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the corrected transaction: Grant of 16,429 Restricted Stock Units. |
| 05/20/2024 | Date of original filing that contained an error. |
| 05/16/2025 | Vesting date of the 16,429 Restricted Stock Units. |
| 05/30/2024 | Date of the amended filing. |
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