Form 4: Rayonier Advanced Materials Executive Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Gabriela Garcia, CAO, VP, and Corporate Controller of Rayonier Advanced Materials, reports acquisition and disposal of company stock related to the vesting of Performance Stock Unit Awards (PSUs).
Summary
- On March 4, 2025, Gabriela Garcia, CAO, VP, and Corporate Controller of Rayonier Advanced Materials, reported transactions involving the company's common stock.
- These transactions are related to the vesting of Performance Stock Unit Awards (PSUs).
- Ms. Garcia acquired 6,432 shares of common stock upon the vesting of PSUs, with the price noted as $0.0000.
- Simultaneously, 1,908 shares were withheld by the company to satisfy tax withholding requirements at a price of $7.48 per share.
- Following these transactions, Ms. Garcia beneficially owns 31,832 shares of Rayonier Advanced Materials stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and doesn't inherently indicate positive or negative performance.
Positives
- The vesting of PSUs indicates that performance criteria related to shareholder return and EBITDA were met, as certified by the Compensation and Management Development Committee.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance-based equity awards, which are a common component of executive compensation packages.
Stakeholder Impact
- The vesting of PSUs and subsequent stock transactions have a minor dilutive effect on existing shareholders.
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 shares upon PSU vesting and withholding of shares for tax obligations. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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