Form 4: Director Linda M. Breard Acquires Rayonier Shares
Director Equity Grant
Director Linda M. Breard acquired 6,811 common shares of Rayonier Inc. as part of her annual board compensation.
Summary
- Director Linda M. Breard was granted 6,811 common shares of Rayonier Inc. (RYN) on May 15, 2026.
- The shares were issued at a price of $19.82 per share as compensation for board service.
- Following this transaction, the director's total beneficial ownership increased to 66,514.4 shares.
- The total includes 743.4 dividend equivalent units (DEUs) accumulated since the last reporting period.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing reflecting standard director compensation.
Positives
- Director maintains a significant equity stake in the company, aligning interests with shareholders.
- The grant reflects standard board compensation practices.
Negatives
- None identified.
Risks
- Shares are subject to transfer restrictions until the earlier of four years from the grant date or six months after the director ceases to serve on the board.
Future Outlook
The shares vest immediately but remain subject to transfer restrictions for up to four years or until the director leaves the board.
Management Comments
- The grant is designated as restricted stock for serving as a member of the Board of Directors.
Industry Context
StockSavvy.ai notes that director equity grants are standard corporate governance practices in the timberland REIT sector, ensuring board members have 'skin in the game' regarding long-term performance.
Comparison to Industry Standards
- The compensation structure is consistent with standard practices for S&P 500 and REIT board members.
- The use of restricted stock units with multi-year transfer restrictions is a common retention tool among peers like Weyerhaeuser or PotlatchDeltic.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted stock to board member. | 05/15/2026 | Aligns director interests with long-term shareholder value. |
Stakeholder Impact
- Shareholders benefit from increased director alignment with company performance.
Next Steps
- Director to hold shares subject to established transfer restrictions.
Key Dates
| Date | Description |
|---|---|
| 05/15/2026 | Date of the equity grant transaction. |
| 05/19/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Rayonier, RYN, Insider Trading, Form 4, Director Compensation, Equity Grant
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