Form 4: Rayonier Inc. Executive Mark R. Bridwell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark R. Bridwell, SVP, GC and Secretary of Rayonier Inc., reports changes in beneficial ownership of company stock due to tax withholding upon vesting of restricted stock.
Summary
- On April 3, 2024, Mark R. Bridwell, SVP, GC and Secretary of Rayonier Inc., reported changes in beneficial ownership of Rayonier Inc. stock.
- 775 common shares were disposed of to cover tax withholding obligations due to the vesting of restricted stock at a price of $32.1.
- Following the transaction, Bridwell directly owns 79,849 common shares and indirectly owns 2,707.1028 shares in trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's stock and future prospects.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction: Disposal of shares for tax withholding. |
| 04/05/2024 | Date of signature by Attorney-In-Fact. |
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