Form 4: Rayonier Advanced Materials Executive Acquires 30,000 Restricted Stock Units
SEC Form 4 Filing
Joshua C. Hicks, SVP at Rayonier Advanced Materials, reports acquisition of 30,000 restricted stock units on March 1, 2024.
Summary
- On March 1, 2024, Joshua C. Hicks, SVP of High Purity Cellulose at Rayonier Advanced Materials Inc. (RYAM), acquired 30,000 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of RYAM common stock.
- The restricted stock units vest on March 1, 2027.
- Following the transaction, Mr. Hicks directly owns 30,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, simply reporting a transaction.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it shows the executive's commitment to the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Joshua C. Hicks acquired 30,000 restricted stock units. |
| 03/01/2027 | Vesting date of the 30,000 restricted stock units. |
| 03/05/2024 | Date of report filing. |
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