Form 4: Rayonier SVP Awarded 14,461 Restricted Stock Units

Rayonier's SVP, General Counsel, and Secretary, Mark R. Bridwell, was awarded 14,461 restricted stock units, vesting over four years.

Summary

• Mark R. Bridwell, SVP, General Counsel, and Secretary of Rayonier Inc. (RYN), acquired 14,461 common shares in the form of Restricted Stock Units (RSUs) on January 2, 2026.
• The acquisition price for these RSUs was $0, as they represent an award.
• The RSUs will vest in four equal annual installments, commencing on the first anniversary of the grant date, contingent upon continued employment with the company.
• Following this transaction, Mr. Bridwell beneficially owns 116,062 common shares directly and 3,396.9 common shares indirectly in trust.
• The direct beneficial ownership amount includes 3,686 common shares acquired through a special dividend received on December 12, 2025.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While a routine compensation event, it signifies continued executive alignment with shareholder interests and aids in retention, which are generally positive for corporate stability and long-term strategy.

Positives

• The award of Restricted Stock Units aligns the interests of a key executive, Mark R. Bridwell, with those of shareholders, as the value of the award is tied to the company's stock performance.
• The multi-year vesting schedule (four equal annual installments) serves as an incentive for executive retention and long-term commitment to the company's success.

Future Outlook

The awarded Restricted Stock Units will vest in four equal annual installments, commencing on the first anniversary of the grant date (January 2, 2026), subject to the executive's continued employment with Rayonier Inc.

Industry Context

This transaction represents a routine executive compensation event, common across publicly traded companies, particularly in the real estate investment trust (REIT) and timberland sectors where long-term incentives are used to align management with shareholder interests.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU award aligns executive incentives with shareholder value creation, as the executive's compensation is tied to the company's stock performance.
• Employees: Reflects standard executive compensation practices, potentially influencing overall compensation philosophy within the company.
• Management: Provides a long-term incentive for Mark R. Bridwell, encouraging continued dedication and performance.

Next Steps

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

Key Dates

Keywords

Rayonier Inc., RYN, Restricted Stock Units, RSU Award, Insider Transaction, Executive Compensation, Form 4, Mark R. Bridwell, Corporate Governance, Equity Award