Form 4: Rayonier Inc. CEO Mark McHugh Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Rayonier Inc.'s CEO, Mark McHugh, reports a transaction involving common shares to cover tax obligations related to vesting restricted stock.
Summary
- On April 3, 2024, Mark McHugh, the President and CEO of Rayonier Inc., reported a transaction involving the company's common shares.
- A total of 1,929 common shares were disposed of to cover tax withholding obligations due to the vesting of restricted stock at a price of $32.1 per share.
- Following the transaction, McHugh directly owns 158,541 common shares and indirectly owns 34.7028 shares in a trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations from vested stock, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to vested stock and associated tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is related to tax obligations from vested stock.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction involving common shares. |
| 04/05/2024 | Date of signature by Attorney-In-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.