Form 4: RYAM Executive Vests Performance Shares

Kenneth James Duffy, SVP at Rayonier Advanced Materials, acquired common stock through PSU vesting and sold shares for tax obligations.

Summary

• Kenneth James Duffy, SVP, Paperboard/HYP at Rayonier Advanced Materials Inc. (RYAM), reported a change in beneficial ownership.
• On March 3, 2026, Mr. Duffy acquired 4,113 shares of common stock upon the vesting and settlement of Performance Share Units (PSUs).
• The PSUs were originally granted on March 1, 2023, and vested based on performance criteria over a three-year period ending February 27, 2026.
• Vesting was triggered by the Compensation and Management Development Committee certifying achievement of relative and absolute Total Shareholder Return (TSR) and cumulative adjusted EBITDA performance.
• The PSUs converted into common stock on a one-for-one basis, with an acquisition price of $0.0000 per share.
• Concurrently, 2,180 shares of common stock were disposed of at a price of $9.37 per share to satisfy tax withholding requirements related to the PSU vesting.
• Following these transactions, Mr. Duffy beneficially owns 26,880 shares of RYAM common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as the vesting of performance-based equity indicates the company met its internal performance targets, which is generally favorable for shareholder confidence.

Positives

• The vesting of Performance Share Units indicates that Rayonier Advanced Materials Inc. met its performance-based vesting criteria, including relative and absolute Total Shareholder Return (TSR) and cumulative adjusted EBITDA performance, over the three-year period.
• The acquisition of 4,113 shares by a Senior Vice President demonstrates continued alignment of management's interests with shareholder value.

Negatives

• A portion of the vested shares (2,180 shares) was sold to cover tax withholding obligations, resulting in a reduction of the net shares acquired by the executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing executive compensation, such as the vesting of performance-based equity awards, are routine disclosures in the public markets. These transactions reflect pre-established compensation plans and are common across industries for aligning executive incentives with company performance. The specific metrics (TSR and adjusted EBITDA) are standard performance indicators used in executive compensation plans within the materials and manufacturing sectors.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and the achievement of performance targets tied to equity awards.
• The executive's beneficial ownership remains substantial, indicating continued alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (PSU vesting and tax-related share disposition) and does not provide new fundamental information that would warrant a change in investment recommendation. The transaction is expected and reflects past performance rather than future outlook, thus a 'hold' recommendation is maintained based solely on this filing.

Keywords

RYAM, Rayonier Advanced Materials, Form 4, Insider Transaction, Stock Vesting, Performance Share Units, Executive Compensation, TSR, EBITDA