Rayonier Advanced Materials (RYAM) awards 1.5M PSUs to new President & CEO
Rhea-AI Filing Summary
Rayonier Advanced Materials Inc. reported that President and CEO Sutton Scott McDougald received an inducement grant of 1,500,000 performance share units (PSUs) on January 9, 2026 in connection with his commencement of employment.
Each PSU represents the contingent right to receive one share of common stock, based on stock price-based performance objectives measured over a three-year period, with potential payout ranging from 0% to 200% of target and a maximum of 1,500,000 shares at the highest performance level.
Any PSUs that are earned will vest on January 5, 2029, the third anniversary of his first day of employment, subject to continued service and committee certification, and any shares issued at vesting will be subject to a one-year post-vesting holding requirement.
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FAQ
What insider transaction did RYAM disclose in this Form 4?
Rayonier Advanced Materials Inc. disclosed that President and CEO Sutton Scott McDougald was granted 1,500,000 performance share units (PSUs) on January 9, 2026 as an employment inducement award.
How many Rayonier Advanced Materials (RYAM) shares could the CEO’s PSU grant represent?
Each PSU represents the contingent right to receive one share of RYAM common stock. Depending on performance (0% to 200% of target), up to 1,500,000 shares may be issuable at the maximum performance level.
What performance conditions apply to the RYAM CEO’s PSU award?
The PSUs are subject to stock price-based performance objectives measured over a three-year performance period. The number of PSUs earned can range from 0% to 200% of the target amount.
When do the RYAM CEO’s performance share units vest?
Any PSUs that are earned will vest on the third anniversary of the CEO’s first day of employment with the company, which is January 5, 2029, subject to continued service and certification by the Compensation and Management Development Committee.
Is there a holding requirement on the RYAM CEO’s PSU shares after vesting?
Yes. Shares issued upon vesting of any earned PSUs will be subject to a one-year post-vesting holding requirement, except as otherwise permitted by the committee or required by law.
Was the RYAM CEO’s PSU grant made under an existing stock plan?
No. The PSU grant was approved by the Compensation and Management Development Committee pursuant to NYSE Listing Rule 303A.08 and was granted outside of the company’s 2023 Incentive Stock Plan as an employment inducement award.