Rayonier Advanced grants 2,889 performance units
RAYONIER ADVANCED MATERIALS INC.
Rhea-AI Filing Summary
RAYONIER ADVANCED MATERIALS INC. (symbol RYAM) reported that a company officer received a new equity incentive award. Vice President, IT, as the reporting person, was granted 2,889 performance-based Leveraged Performance Units (LPUs), each representing a contingent right to receive one share of RYAM common stock.
The LPUs were granted under the company’s 2023 Incentive Stock Plan at no cash exercise price and will vest based on specified performance criteria and continued employment. The number of shares that may ultimately be earned can range from 0% to 250% of the 2,889-unit target award, depending on RYAM’s stock price performance over a three-year period.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based LPUs F1, F2, F3, F4 | 2,889 | $0.00 | $0.00 |
Footnotes (4)
- F1. The Leveraged Performance Units ("LPUs") were granted pursuant to the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan.
- F2. Each LPU represents a contingent right to receive one share of Rayonier Advanced Materials Inc. common stock upon vesting, subject to the achievement of specified performance criteria and continued employment.
- F3. The number of shares ultimately earned may range from 0% to 250% of the target award based on the Company's stock price appreciation during the three-year performance period. The target award reported herein consists of 2,889 LPUs.
- F4. N/A
Key Figures
Key Terms
Leveraged Performance Units financial
contingent right financial
performance criteria financial
performance period financial
FAQ
What insider transaction did RYAM report in this Form 4?
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Was there any cash exercise price for the RYAM LPUs granted?
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