Form 4: Rayonier Advanced Materials Executive Acquires Shares Through Performance Stock Unit Vesting
SEC Form 4 Filing
Whitney K. McGuire, a VP at Rayonier Advanced Materials, acquired 2,895 shares of common stock through the vesting of Performance Stock Units (PSUs) and disposed of 860 shares to cover tax obligations.
Summary
- On March 4, 2025, Whitney K. McGuire, VP and Assistant General Counsel of Rayonier Advanced Materials Inc., acquired 2,895 shares of common stock due to the vesting of Performance Stock Unit Awards (PSUs).
- These PSUs were granted on March 1, 2022, and July 13, 2022, with vesting contingent upon the company's performance based on relative and absolute total shareholder return metrics and three-year cumulative adjusted EBITDA.
- The Compensation and Management Development Committee certified the achievement of these performance criteria on March 4, 2025.
- McGuire also disposed of 860 shares of common stock on the same day to satisfy tax withholding requirements related to the PSU vesting at a price of $7.48 per share.
- Following these transactions, McGuire directly owns 22,102 shares of Rayonier Advanced Materials Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation and tax obligations. The vesting of PSUs suggests the company met certain performance targets, which is mildly positive, but the sale of shares to cover taxes is a standard procedure.
Positives
- The vesting of PSUs indicates that the company met certain performance targets related to shareholder return and EBITDA, as determined by the Compensation and Management Development Committee.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and their potential impact on stock prices.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Reporting Person was granted PSUs subject to vesting based on relative and absolute total shareholder return metrics. |
| 07/13/2022 | Reporting Person was granted PSUs subject to vesting based on three-year cumulative adjusted EBITDA. |
| 03/04/2025 | Date of transaction: Acquisition of 2,895 shares through PSU vesting and disposal of 860 shares for tax withholding. |
| 03/06/2025 | Date of Brenda K. Davis' signature as Attorney-in-Fact. |
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