Form 4: Rayonier Advanced Materials Executive James L. Posze Jr. Reports Stock Transactions
SEC Form 4 Filing
James L. Posze Jr., CAO & SVP of Human Resources at Rayonier Advanced Materials, reports acquisition and disposal of company stock related to performance stock unit vesting and tax withholding.
Summary
- On March 4, 2025, James L. Posze Jr., CAO & SVP of Human Resources at Rayonier Advanced Materials, reported transactions involving the company's common stock.
- Posze acquired 49,590 shares of common stock upon the vesting of Performance Stock Unit Awards (PSUs) at a price of $0.00.
- These PSUs were granted on March 1, 2022, and July 13, 2022, subject to vesting based on total shareholder return metrics, share price performance, and three-year cumulative adjusted EBITDA.
- The vesting was certified by the Compensation and Management Development Committee on March 4, 2025.
- Posze also disposed of 18,523 shares of common stock at $7.48 per share to satisfy tax withholding requirements related to the PSU vesting.
- Following these transactions, Posze directly owns 247,760.75 shares of common stock and indirectly owns 1,025 shares through a 401k.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs suggests the company met certain performance targets, which is a positive sign. However, the subsequent sale of shares for tax purposes is a neutral event.
Positives
- The vesting of PSUs indicates that performance targets related to shareholder return, share price, and EBITDA were met.
Negatives
- The disposal of shares to cover tax obligations, while standard, slightly reduces Posze's direct holdings in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of PSUs is a common form of executive compensation tied to company performance.
Stakeholder Impact
- The vesting of PSUs aligns management's interests with those of shareholders by incentivizing performance.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Reporting Person was granted PSUs subject to vesting based on relative and absolute total shareholder return metrics and share price performance. |
| 2022-07-13 | Reporting Person was granted PSUs subject to vesting based on three-year cumulative adjusted EBITDA. |
| 2025-03-04 | Date of transaction: acquisition of shares upon PSU vesting and disposal of shares for tax withholding. |
| 2025-03-04 | Compensation and Management Development Committee certified the achievement of performance criteria for PSU vesting. |
| 2025-03-06 | Date of signature on the Form 4 filing. |
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