What triggered the vesting of Kenneth James Duffy’s RYAM Performance Share Units?

The vesting was triggered by certified performance results . PSUs granted on March 1, 2023, vested after a three-year performance period ending February 27, 2026, once the Compensation and Management Development Committee certified achievement of Total Shareholder Return and cumulative adjusted EBITDA performance criteria on March 3, 2026.

How do RYAM Performance Share Units held by Kenneth James Duffy convert into common stock?

The Performance Share Units convert into common stock on a one-for-one basis . The 4,113 PSUs earned by Kenneth James Duffy converted into 4,113 shares of RAYONIER ADVANCED MATERIALS INC. common stock upon vesting and settlement, according to the footnote disclosure in the Form 4 filing.

RYAM (NYSE: RYAM) SVP gains 4,113 shares from PSU vesting, 2,180 withheld for taxes

Q: Why were 2,180 RYAM shares disposed of in Kenneth James Duffy’s Form 4 filing?

The 2,180 shares were withheld to satisfy tax obligations . RAYONIER ADVANCED MATERIALS INC. withheld this number of common shares to cover tax withholding requirements arising from the vesting of Kenneth James Duffy’s Performance Share Units on March 3, 2026.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

RAYONIER ADVANCED MATERIALS INC. senior vice president Kenneth James Duffy reported equity-related transactions in company common stock. On March 3, 2026, he acquired 4,113 shares of common stock upon vesting and settlement of Performance Share Units (PSUs) originally granted on March 1, 2023.

The PSUs vested after a three-year performance period ending February 27, 2026, based on relative and absolute Total Shareholder Return metrics and cumulative adjusted EBITDA performance, following certification by the Compensation and Management Development Committee. In a separate transaction the same day, 2,180 shares were withheld to cover tax obligations, leaving 26,880 shares of common stock held directly following these transactions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Duffy Kenneth James

Role SVP, Paperboard/HYP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,113	$0.00	--
Tax Withholding	Common Stock	2,180	$9.37	$20K

Holdings After Transaction: Common Stock — 29,060 shares (Direct)

Footnotes (1)

Represents shares of common stock issued upon the vesting and settlement of Performance Share Units ("PSUs"). The PSUs were originally granted on March 1, 2023 and were subject to performance-based vesting over a three-year performance period ending February 27, 2026, based on (i) relative and absolute Total Shareholder Return ("TSR") metrics and (ii) cumulative adjusted EBITDA performance. On March 3, 2026, the Compensation and Management Development Committee certified the level of achievement of the applicable performance criteria, which certification triggered vesting of the award. The number of shares reported reflects the PSUs earned based on such certified performance results. PSUs convert into common stock on a one-for-one basis. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the PSUs vesting.

Form 4 Insider Transactions: What Each Field Means →

03/05/2026 - 04:44 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Duffy Kenneth James

(Last)

(First)

(Middle)

1301 RIVERPLACE BOULEVARD

SUITE 2300

(Street)

JACKSONVILLE

32207

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
RAYONIER ADVANCED MATERIALS INC. [ RYAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Paperboard/HYP

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/03/2026		A		4,113⁽¹⁾	A	$0.0000⁽²⁾	29,060	D
Common Stock	03/03/2026		F		2,180⁽³⁾	D	$9.37	26,880	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of common stock issued upon the vesting and settlement of Performance Share Units ("PSUs"). The PSUs were originally granted on March 1, 2023 and were subject to performance-based vesting over a three-year performance period ending February 27, 2026, based on (i) relative and absolute Total Shareholder Return ("TSR") metrics and (ii) cumulative adjusted EBITDA performance. On March 3, 2026, the Compensation and Management Development Committee certified the level of achievement of the applicable performance criteria, which certification triggered vesting of the award. The number of shares reported reflects the PSUs earned based on such certified performance results.

2. PSUs convert into common stock on a one-for-one basis.

3. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the PSUs vesting.

	Brenda K. Davis, Attorney-in-Fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did RYAM executive Kenneth James Duffy report on this Form 4?

Kenneth James Duffy reported two equity-related transactions: an acquisition of 4,113 shares of RAYONIER ADVANCED MATERIALS INC. common stock from vested Performance Share Units and a disposition of 2,180 shares withheld to satisfy tax obligations related to that vesting on March 3, 2026.

How many RYAM shares did Kenneth James Duffy hold after these Form 4 transactions?

After the reported transactions, Kenneth James Duffy directly held 26,880 shares of RAYONIER ADVANCED MATERIALS INC. common stock. This figure reflects the vesting of 4,113 shares from Performance Share Units and the withholding of 2,180 shares for tax obligations on March 3, 2026.

Why were 2,180 RYAM shares disposed of in Kenneth James Duffy’s Form 4 filing?

The 2,180 shares were withheld to satisfy tax obligations. RAYONIER ADVANCED MATERIALS INC. withheld this number of common shares to cover tax withholding requirements arising from the vesting of Kenneth James Duffy’s Performance Share Units on March 3, 2026.

What performance metrics determined Kenneth James Duffy’s earned PSUs at RYAM?

The earned PSUs were based on Total Shareholder Return and cumulative adjusted EBITDA. Relative and absolute TSR metrics, together with cumulative adjusted EBITDA over a performance period ending February 27, 2026, determined the 4,113 PSUs ultimately earned by Kenneth James Duffy.