Form 4: Rayonier Inc. Executive VP Douglas M. Long Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive VP & CRO of Rayonier Inc., Douglas M. Long, reports changes in beneficial ownership of company stock due to vesting of restricted stock units and shares withheld for tax obligations.
Summary
- On April 1, 2024, Douglas M. Long, Executive VP & CRO of Rayonier Inc., reported changes in his beneficial ownership of Rayonier Inc. common shares.
- He acquired 15,784 shares of common stock through the award of restricted stock units at a price of $0.
- 785 shares were disposed of at $32.47 to cover tax withholding obligations due to the vesting of restricted stock.
- An additional 1,190 shares were disposed of at $32.47 to cover tax withholding obligations due to the vesting of restricted stock.
- An additional 765 shares were disposed of at $32.47 to cover tax withholding obligations due to the vesting of restricted stock.
- An additional 782 shares were disposed of at $32.47 to cover tax withholding obligations due to the vesting of restricted stock.
- Following these transactions, Long directly owns 99,778 shares and indirectly owns 13,959.7881 shares in trust.
- The restricted stock units vest in four equal annual installments starting on the first anniversary of the grant, contingent upon continued employment with the company.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.
Positives
- Douglas M. Long's acquisition of 15,784 shares through restricted stock units indicates a continued alignment with the company's success.
Future Outlook
The restricted stock units vest in four equal annual installments commencing on the first anniversary date of the grant subject to continued employment with the Company.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing reflects standard practices related to equity compensation and tax obligations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transactions involving common shares and restricted stock units. |
| 04/03/2024 | Date of signature for the report. |
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