RYAM (NYSE: RYAM) VP gains shares from RSU grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
12,515 shares exercised/converted
Mixed
4 txns
Insider
Osborne Michael D
Role
Vice President, Manufacturing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,515 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 15,840 | $0.00 | -- |
| Exercise | Common Stock | 12,515 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,665 | $9.47 | $35K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 52,261 shares (Direct)
Footnotes (1)
- 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. Each restricted stock unit represents a contingent right to receive one share of RYAM common stock.
FAQ
What did RYAM executive Michael Osborne report in this Form 4 filing?
Michael Osborne reported converting 12,515 restricted stock units into common stock, receiving a new grant of 15,840 restricted stock units, and a tax-withholding disposition of 3,665 common shares at $9.47 per share, reflecting routine equity compensation activity.
How many RYAM restricted stock units did Michael Osborne convert and at what price?
He converted 12,515 restricted stock units into common stock at a conversion price of $0.00 per share. This followed the terms of the RSU agreement, meaning no monetary payment was required for the conversion from units into shares.
What new RYAM equity award did Michael Osborne receive in this filing?
He received a grant of 15,840 restricted stock units, each representing a contingent right to one share of RYAM common stock. This award increases his potential future ownership as the units vest and convert into common shares over time.
What is the significance of the $9.47 price in Michael Osborne’s RYAM filing?
The $9.47 per share price applies to the 3,665 common shares used for tax withholding. It represents the value at which shares were delivered to cover tax liabilities, rather than a price from an open-market sale transaction in the company’s stock.