Form 4: Rayonier Inc. Executive Christopher T. Corr Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher T. Corr, SVP of Real Estate Development at Rayonier Inc., reports the disposition of 534 common shares to cover tax obligations, leaving him with 61,705 directly owned shares and 507.5502 shares held in trust.
Summary
- On April 3, 2024, Christopher T. Corr, a Senior Vice President at Rayonier Inc., disposed of 534 common shares.
- The shares were disposed of to cover tax withholding obligations related to the vesting of restricted stock.
- The transaction price was $32.1 per share.
- Following the transaction, Corr directly owns 61,705 common shares and indirectly owns 507.5502 common shares in trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the stock transaction (disposal of shares). |
| 04/05/2024 | Date of signature for the report. |
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