RYAM (RYAM) executive logs RSU conversion, new grant and tax share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RAYONIER ADVANCED MATERIALS INC. officer Jared Timothy Rollins reported equity compensation activity involving restricted stock units and common shares. He converted 5,364 restricted stock units into the same number of common shares at a conversion price of $0.00 per share, consistent with his RSU agreement.
On the same date, he received a new grant of 3,168 restricted stock units, each representing a contingent right to one share of common stock. To satisfy tax withholding obligations related to the RSU conversion, he disposed of 1,591 common shares at $9.47 per share. After these transactions, he directly owned 18,790 common shares and indirectly held 4,878 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,364 shares exercised/converted
Mixed
5 txns
Insider
Rollins Jared Timothy
Role
CAO & VP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,364 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,168 | $0.00 | -- |
| Exercise | Common Stock | 5,364 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,591 | $9.47 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 20,381 shares (Direct);
Common Stock — 4,878 shares (Indirect, By 401k)
Footnotes (1)
- This transaction represents the conversion of 5,364 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 insider transactions did RYAM officer Jared Timothy Rollins report on this Form 4?
Jared Timothy Rollins reported an RSU conversion, a new RSU grant, and a tax withholding share disposition. He converted 5,364 RSUs into common stock, received 3,168 new RSUs, and disposed of 1,591 common shares to cover tax obligations.
How many restricted stock units did Jared Timothy Rollins convert and at what price?
He converted 5,364 restricted stock units into common stock at $0.00 per share. The footnotes state this was done under his RSU agreement, with no monetary payment required for the conversion, reflecting standard equity compensation mechanics.
What new equity award did Jared Timothy Rollins receive from RYAM?
He received a grant of 3,168 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Rayonier Advanced Materials common stock, aligning his compensation with future company performance and share value.
What role does Jared Timothy Rollins hold at Rayonier Advanced Materials (RYAM)?
Jared Timothy Rollins serves as CAO & VP, Corporate Controller at RYAM. His Form 4 filing reflects equity compensation and related tax withholding activity associated with his executive role at Rayonier Advanced Materials Inc.