Form 4: Rayonier Advanced Materials Executive Garcia Reports Stock Transactions
SEC Form 4 Filing
Gabriela Garcia, CAO, VP, and Corporate Controller of Rayonier Advanced Materials, reports the acquisition and disposal of common stock and restricted stock units on March 1, 2024.
Summary
- On March 1, 2024, Gabriela Garcia, CAO, VP, Corporate Controller of Rayonier Advanced Materials, reported transactions involving the company's stock.
- Ms. Garcia acquired 5,761 shares of common stock through the vesting of restricted stock units.
- She also disposed of 1,709 shares of common stock to cover tax obligations at a price of $3.78 per share.
- Additionally, she acquired 4,286 restricted stock units that will vest on March 1, 2027.
- Following these transactions, Ms. Garcia directly owns 21,201 shares of Rayonier Advanced Materials common stock and 4,286 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation management.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: Acquisition of common stock and restricted stock units, disposal of common stock. |
| 03/01/2027 | Vesting date for 4,286 restricted stock units. |
| 03/05/2024 | Date of signature for the report. |
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