Rayonier Advanced Materials (NYSE: RYAM) CEO receives major equity awards
Rhea-AI Filing Summary
Krawczyk Daniel M. reported acquisition or exercise transactions in this Form 4 filing.
Rayonier Advanced Materials Inc. reported that CEO and President Daniel M. Krawczyk received two equity awards. He was granted 202,184 performance-based Leveraged Performance Units, each representing a contingent right to one share of common stock, as an employment inducement award in connection with his appointment.
He also received 104,540 restricted stock units, with each unit representing a contingent right to one share of common stock. The number of shares ultimately earned from the performance-based units can range from 0% to 250% of the 202,184 target units based on stock price appreciation over a three-year performance period and continued employment.
Positive
- None.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based LPUs | 202,184 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 104,540 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of RYAM common stock. The Leveraged Performance Units ("LPUs") were granted as an employment inducement award pursuant to NYSE Listed Company Manual Rule 303A.08 in connection with the Reporting Person's commencement of employment as President and Chief Executive Officer. The award was not granted under the Company's stockholder-approved equity incentive plan. 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. 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 202,184 LPUs. N/A