RYAM VP nets shares via RSU grant and tax swap
RAYONIER ADVANCED MATERIALS INC.
Rhea-AI Filing Summary
RAYONIER ADVANCED MATERIALS INC. Vice President of Manufacturing Michael D. Osborne reported equity compensation activity involving restricted stock units and common shares. He converted 12,515 restricted stock units into common stock at a conversion price of $0.00 per share, consistent with the RSU agreement, with no cash paid. He also received a new grant of 15,840 restricted stock units, each representing a contingent right to one share of common stock. To cover tax obligations, 3,665 common shares were disposed of at $9.47 per share through a tax-withholding transaction rather than an open-market sale. After these transactions, Osborne directly owned 48,596 shares of RYAM common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,515 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 15,840 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,515 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,665 | $9.47 | $35K |
Footnotes (2)
- F1. This transaction represents the conversion of 12,515 RSUs (Restricted Stock Units) into common stock, at a conversion price of $0.00 per share, in accordance with the terms of the RSU agreement. No monetary payment was made for the conversion.
- F2. Each restricted stock unit represents a contingent right to receive one share of RYAM common stock.
FAQ
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What did RYAM executive Michael Osborne report in this Form 4 filing?
How many RYAM restricted stock units did Michael Osborne convert and at what price?
What new RYAM equity award did Michael Osborne receive in this filing?
What is the significance of the $9.47 price in Michael Osborne’s RYAM filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.