Rayonier Advanced grants 4,622 performance units

Q: What equity award did RYAM grant to Kenneth James Duffy in this Form 4?

RYAM granted Kenneth James Duffy 4,622 performance-based Leveraged Performance Units (LPUs). Each LPU represents a contingent right to receive one share of RYAM common stock, subject to meeting specified performance criteria and continued employment over a defined performance period.

Q: How many RYAM shares can Kenneth James Duffy ultimately earn from this LPU grant?

The filing states that the 4,622 target LPUs can result in earned shares ranging from 0% to 250% of the target award, depending on RYAM’s stock price appreciation during the three-year performance period. This means potential settlement from zero up to 2.5 times the target units.

Q: What is the performance period for the RYAM LPUs granted to Kenneth James Duffy?

The LPUs have a three-year performance period. The number of shares ultimately earned depends on Rayonier Advanced Materials Inc.’s stock price appreciation during this three-year span, in addition to the executive’s continued employment throughout the period.

Q: Does the LPU grant to Kenneth James Duffy have an exercise price?

No. The reported transaction price per LPU is $0.00. Each LPU is a contingent right to receive one share of RYAM common stock upon vesting, subject to performance and employment conditions, rather than an option with an exercise price.

Q: How many RYAM LPUs does Kenneth James Duffy hold after this transaction?

After the reported grant, Kenneth James Duffy holds 4,622 Leveraged Performance Units (LPUs) directly. This amount equals the target award reported in the filing, which may ultimately settle into a range of zero to 250% of that target in shares.

RAYONIER ADVANCED MATERIALS INC.

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Form Type

Rhea-AI Filing Summary

RAYONIER ADVANCED MATERIALS INC. (RYAM) reported that senior vice president Kenneth James Duffy received a grant of 4,622 performance-based Leveraged Performance Units (LPUs) on 2026-08-27 under the 2023 Incentive Stock Plan. Each LPU is a contingent right to receive one share of common stock if performance and continued-employment conditions are satisfied.

The filing states that the actual shares earned may range from 0% to 250% of the 4,622-unit target award, based on the company’s stock price appreciation over a three-year performance period. Following this grant, Duffy holds 4,622 LPUs directly, with no exercise price.

Insider Trade Summary

Grant/Award: 4,622 shares

Grant/Award 1 txn

Insider Duffy Kenneth James

Role SVP, Paperboard/HYP

Type	Security	Shares	Price	Value
Grant/Award	Performance-Based LPUs ^{F1, F2, F3, F4}	4,622	$0.00	$0.00

Holdings After Transaction: Performance-Based LPUs — 4,622 contracts (Direct)

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 4,622 LPUs.
F4. N/A

Key Figures

LPU grant: 4,622 LPUs Shares per LPU: 1 share of common stock per LPU Earned range: 0% to 250% of target award +3 more

6 metrics

LPU grant 4,622 LPUs Target award of Leveraged Performance Units granted to Kenneth James Duffy

Shares per LPU 1 share of common stock per LPU Each LPU represents a contingent right to one RYAM common share upon vesting

Earned range 0% to 250% of target award Range of shares that may be earned based on stock price appreciation during performance period

Performance period three-year performance period Measurement window for stock price appreciation affecting LPU payout

Post-transaction LPUs held 4,622 LPUs Total Leveraged Performance Units held directly by Kenneth James Duffy after grant

Transaction price per LPU $0.00 per LPU Reported transaction price for the performance-based LPU grant

Key Terms

Leveraged Performance Units, contingent right, performance criteria, three-year performance period

4 terms

Leveraged Performance Units financial

"The Leveraged Performance Units ("LPUs") were granted pursuant to the Rayonier"

Leveraged performance units are a form of long-term compensation that grants recipients a payout tied to how well a company meets specific financial or operational goals, but with an extra multiplier that magnifies gains or losses. Think of them like a performance-based bonus with a built‑in amplifier: small changes in results can produce much bigger payoffs or reductions, which matters to investors because they affect potential dilution of shares, executive incentives, and the alignment between management decisions and shareholder value.

contingent right financial

"Each LPU represents a contingent right to receive one share of Rayonier"

performance criteria financial

"subject to the achievement of specified performance criteria and continued"

three-year performance period financial

"based on the Company's stock price appreciation during the three-year performance"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did RYAM grant to Kenneth James Duffy in this Form 4?

RYAM granted Kenneth James Duffy 4,622 performance-based Leveraged Performance Units (LPUs). Each LPU represents a contingent right to receive one share of RYAM common stock, subject to meeting specified performance criteria and continued employment over a defined performance period.

How many RYAM shares can Kenneth James Duffy ultimately earn from this LPU grant?

The filing states that the 4,622 target LPUs can result in earned shares ranging from 0% to 250% of the target award, depending on RYAM’s stock price appreciation during the three-year performance period. This means potential settlement from zero up to 2.5 times the target units.

What is the performance period for the RYAM LPUs granted to Kenneth James Duffy?

The LPUs have a three-year performance period. The number of shares ultimately earned depends on Rayonier Advanced Materials Inc.’s stock price appreciation during this three-year span, in addition to the executive’s continued employment throughout the period.

Does the LPU grant to Kenneth James Duffy have an exercise price?

No. The reported transaction price per LPU is $0.00. Each LPU is a contingent right to receive one share of RYAM common stock upon vesting, subject to performance and employment conditions, rather than an option with an exercise price.

How many RYAM LPUs does Kenneth James Duffy hold after this transaction?

After the reported grant, Kenneth James Duffy holds 4,622 Leveraged Performance Units (LPUs) directly. This amount equals the target award reported in the filing, which may ultimately settle into a range of zero to 250% of that target in shares.

Under which plan were the RYAM LPUs granted to Kenneth James Duffy?

The filing states that the LPUs were granted pursuant to the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan. This plan provides the framework and terms under which the performance-based LPU awards are issued and administered.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/31/2026 - 04:55 PM EDT Accepted by SEC EDGAR 08/31/2026 - 04:55 PM EDT

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
Estimated average burden
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

FLORIDA

32207

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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

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

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

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)

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)
Performance-Based LPUs⁽¹⁾	⁽²⁾	08/27/2026		A		4,622⁽³⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	4,622	$0.0000	4,622	D

Explanation of Responses:

1. The Leveraged Performance Units ("LPUs") were granted pursuant to the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan.

2. 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.

3. 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 4,622 LPUs.

4. N/A

	Brenda K. Davis, Attorney-in-Fact	08/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR