Rayonier (RYN) director takes Q1 2026 retainer as 1,047 share grant

Rhea-AI Filing Summary

BASS KEITH E reported acquisition or exercise transactions in this Form 4 filing.

Rayonier Inc. director Keith E. Bass reported a grant of 1,047 Common Shares at $20.89 per share. These shares were issued as payment of his quarterly retainer for Q1 2026, based on his election to receive director compensation in stock instead of cash. After this award, he directly holds 45,178 Common Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BASS KEITH E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	1,047	$20.89	$22K

Holdings After Transaction: Common Shares — 45,178 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 1,047 shares Grant price per share: $20.89 per share Total shares after transaction: 45,178 shares +2 more

5 metrics

Shares granted 1,047 shares Common Shares awarded for Q1 2026 quarterly director retainer

Grant price per share $20.89 per share Value reported for the 1,047 Common Shares granted

Total shares after transaction 45,178 shares Direct Common Share holdings of Keith E. Bass following the award

Transaction date 2026-05-29 Date of Common Share grant reported on Form 4

Transaction code A Grant, award, or other acquisition of non-derivative Common Shares

Key Terms

Common Shares, quarterly retainer, Non-Employee Director Compensation Election to Receive Shares in Lieu of Cash, Form 4

4 terms

Common Shares financial

"Reflects the number of common shares issued to the Reporting Person"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

quarterly retainer financial

"issued to the Reporting Person in payment of the Reporting Person's quarterly retainer in lieu of cash for Q1 2026"

Non-Employee Director Compensation Election to Receive Shares in Lieu of Cash financial

"pursuant to the Reporting Person's election to participate in the Non-Employee Director Compensation Election to Receive Shares in Lieu of Cash"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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^*

BASS KEITH E

(Last) (First) (Middle)

1 RAYONIER WAY

(Street)

WILDLIGHT FLORIDA 32097

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RAYONIER INC [ RYN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/29/2026		A		1,047(1)	A	$20.89	45,178	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the number of common shares issued to the Reporting Person in payment of the Reporting Person's quarterly retainer in lieu of cash for Q1 2026 pursuant to the Reporting Person's election to participate in the Non-Employee Director Compensation Election to Receive Shares in Lieu of Cash.

Remarks:

	/s/ Sarah E. Miles / Attorney-In-Fact	06/01/2026
	** 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)

FAQ

What insider transaction did Rayonier (RYN) director Keith E. Bass report?

Keith E. Bass reported receiving 1,047 Rayonier Common Shares as a grant. The shares were issued at $20.89 each as part of his Q1 2026 quarterly director retainer, which he elected to take in stock instead of cash.

Why did Keith E. Bass receive 1,047 Rayonier (RYN) shares instead of cash?

The 1,047 shares were issued as payment of Bass’s Q1 2026 quarterly director retainer. He elected to participate in Rayonier’s Non-Employee Director Compensation Election to Receive Shares in Lieu of Cash, converting his cash retainer into Common Shares.

What is Keith E. Bass’s Rayonier (RYN) share ownership after this Form 4?

After this transaction, Bass directly holds 45,178 Rayonier Common Shares. The Form 4 shows this total following the 1,047-share award that paid his Q1 2026 quarterly director retainer in stock rather than in cash.

How is the 1,047-share grant to Keith E. Bass priced in the Rayonier (RYN) Form 4?

The awarded 1,047 Common Shares are reported at a price of $20.89 per share. This price is used in the Form 4 to describe the stock issued to Bass as payment for his Q1 2026 quarterly director retainer.

Does the Rayonier (RYN) Form 4 for Keith E. Bass involve any stock sales?

The Form 4 reflects only an acquisition of shares, coded as a grant or award. It shows 1,047 Common Shares issued to Bass for his Q1 2026 quarterly retainer and no dispositions or sales of Rayonier stock in this report.