Form 4: Rayonier Advanced Materials Inc. Executive Joshua C. Hicks Reports Stock Transactions
SEC Form 4 Filing
Joshua C. Hicks, SVP at Rayonier Advanced Materials, reports the conversion of restricted stock units and disposition of shares to cover tax obligations.
Summary
- On March 1, 2025, Joshua C. Hicks, SVP at Rayonier Advanced Materials Inc. (RYAM), converted 31,250 Restricted Stock Units (RSUs) into common stock at $0.00 per share.
- Following the conversion, Hicks disposed of 8,195 shares of common stock at $7.7 per share to satisfy tax obligations.
- After these transactions, Hicks directly owns 209,087 shares of RYAM common stock and 31,169 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
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 may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of RSU conversion and stock disposal |
| 03/05/2025 | Date of Form 4 filing |
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