Form 4: Rayonier CFO Receives 6,363 Restricted Stock Units

Rayonier's SVP & CFO, April J. Tice, was granted 6,363 restricted stock units on January 2, 2026, increasing her direct beneficial ownership to 55,978.54 common shares.

Summary

• April J. Tice, Senior Vice President and Chief Financial Officer of Rayonier Inc. (RYN), was awarded 6,363 common shares in the form of Restricted Stock Units (RSUs).
• The transaction date for this award was January 2, 2026, with a reported price of $0 per unit, typical for an equity award.
• These RSUs will vest in four equal annual installments, commencing on the first anniversary date of the grant, contingent upon continued employment with the company.
• Following this transaction, April J. Tice directly beneficially owns 55,978.54 common shares.
• Additionally, 561.02 common shares are indirectly beneficially owned in trust.
• The reported beneficial ownership also includes 1,193.58 common shares acquired through a special dividend received on December 12, 2025.

Sentiment

Score: 7

Explanation: The filing reports a routine executive stock award, which is generally viewed positively as it increases insider ownership and aligns management incentives with shareholder value creation.

Positives

• The award of Restricted Stock Units to a key executive like the SVP & CFO increases insider ownership, aligning management's interests with those of shareholders.
• The vesting schedule encourages long-term commitment and retention of key management personnel.

Risks

• The vesting of the Restricted Stock Units is subject to continued employment with the company, meaning the executive would forfeit unvested units upon departure.

Future Outlook

The Restricted Stock Units are scheduled to vest in four equal annual installments, commencing on the first anniversary of the grant date, indicating a future commitment and retention strategy for the executive.

Industry Context

The grant of Restricted Stock Units is a common form of executive compensation in publicly traded companies, designed to incentivize long-term performance and align management's financial interests with those of shareholders.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value due to higher insider ownership.
• Employees: The vesting schedule for RSUs can serve as a model for performance-based compensation within the company, potentially influencing employee retention strategies.

Next Steps

• The Restricted Stock Units will begin vesting in four equal annual installments starting on January 2, 2027, subject to continued employment.

Key Dates

Keywords

Rayonier, RYN, Form 4, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Stock Award, April J. Tice