Form 4: Rayonier Advanced Materials Executive Michael D. Osborne Reports Changes in Beneficial Ownership

Michael D. Osborne, Vice President of Manufacturing at Rayonier Advanced Materials, reports the vesting and subsequent disposal of restricted stock units.

Summary

• On April 10, 2024, Michael D. Osborne, Vice President of Manufacturing at Rayonier Advanced Materials Inc. (RYAM), reported changes in his beneficial ownership of the company's common stock.
• Osborne vested 26,270 restricted stock units, each representing a contingent right to receive one share of RYAM common stock.
• Concurrent with the vesting, Osborne disposed of 6,397 shares to cover tax obligations at a price of $4.59 per share.
• Following these transactions, Osborne directly owns 19,873 shares of RYAM common stock and 26,270 restricted stock units.
• The restricted stock units vest in two tranches: 50% on the first anniversary of the grant date and 50% on the second anniversary, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining restricted stock units will vest in the future, contingent upon continued employment with the issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity.

Key Dates