Welcome to our dedicated page for Rayonier SEC filings (Ticker: RYN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Rayonier Inc. filings document the regulatory record of a land resources REIT with timberland, wood products, real estate and land-based solutions operations. 8-K reports cover operating and financial results, investor presentation materials, material agreements, debt obligations, capital-structure matters and changes in the company's independent registered public accounting firm.
Proxy materials describe shareholder voting matters, board governance and executive compensation. Filings also identify Rayonier's common shares listed on the New York Stock Exchange under RYN and include disclosures for Rayonier, L.P., the operating partnership used in the REIT structure.
Rayonier Inc. reported lower quarterly results but stronger full-year performance and completed a major merger. Fourth quarter 2025 net income attributable to Rayonier was $25.9 million ($0.16 per share) on $117.5 million of revenue, versus $327.1 million ($2.15 per share) on $650.5 million a year earlier, largely due to the absence of prior-year large timberland sales. Pro forma net income was $32.1 million ($0.20 per share), down modestly from $36.1 million ($0.24 per share). Adjusted EBITDA was $61.7 million versus $95.1 million.
For full-year 2025, net income attributable to Rayonier rose to $474.4 million ($3.03 per share) on $484.5 million of revenue, helped by a $404.4 million gain on the sale of its New Zealand joint venture. Pro forma net income grew to $89.2 million ($0.57 per share) from $45.8 million ($0.31 per share), and Adjusted EBITDA increased to $248.0 million from $230.2 million.
The company completed a merger of equals with PotlatchDeltic on January 30, 2026, creating a larger land resources REIT. Since announcing value-enhancement initiatives in November 2023, Rayonier has returned over $235 million to shareholders via special dividends and share repurchases and reduced net debt to Adjusted EBITDA to 0.8x at year-end.
Rayonier Inc. executive Wayne Wasechek, EVP and CFO, reported his initial holdings following Rayonier’s merger with Potlatchdeltic. He beneficially owns 118,450 common shares of Rayonier, held directly.
The filing explains that Potlatch merged into a Rayonier subsidiary, and at the merger’s effective time each Potlatch common share was automatically converted into the right to receive 1.8185 Rayonier common shares plus $0.61 in cash, plus any fractional share consideration. Potlatch performance share units and restricted stock units converted into Rayonier restricted stock units, using specified exchange ratios and rounding rules, and remain subject to the prior equity plan terms, including any double-trigger vesting provisions. The holdings include multiple blocks of Rayonier RSUs that are scheduled to vest on April 19, 2026 and on December 31 of 2026, 2027, and 2028.
Rayonier Inc. senior vice president and chief HR officer Robert L. Schwartz reported beneficial ownership of 140,022 Rayonier common shares as of the merger closing with PotlatchDeltic Corporation. This Form 3 establishes his initial insider holdings at Rayonier.
The filing explains that each Potlatch share was converted into 1.8185 Rayonier common shares plus $0.61 in cash under the merger agreement. Potlatch performance share units and restricted stock units were converted into Rayonier restricted stock units using specified exchange ratios.
These converted equity awards include Rayonier RSUs tied to former Potlatch PSUs of 9,892, 18,169 and 10,169 shares and RSU awards of 6,595, 6,874 and 6,780 shares, scheduled to vest on December 31 of 2026, 2027 and 2028, respectively.
Rayonier Inc. executive Ashlee Townsend Cribb, EVP of Wood Products, filed an initial ownership report showing holdings received in connection with Rayonier’s merger with PotlatchDeltic Corporation. As of the merger effective time on January 30, 2026, she beneficially owns 134,289 Rayonier common shares directly.
The merger converted each Potlatch share into 1.8185 Rayonier common shares plus $0.61 in cash. Cribb’s Potlatch equity awards also converted into Rayonier awards, including restricted stock units and stock equivalent units. She holds 20,470 Rayonier stock equivalent units, and multiple Rayonier RSU grants that are scheduled to vest on December 31 of 2026, 2027, and 2028.
Rayonier Inc. director Michael J. Covey has filed an initial ownership report showing beneficial ownership of 231,344 Rayonier common shares after the completion of Rayonier’s merger with PotlatchDeltic Corporation.
At the merger’s effective time, each Potlatch share converted into the right to receive 1.8185 Rayonier common shares plus $0.61 in cash, along with any fractional share consideration. Outstanding Potlatch restricted stock units were also converted into Rayonier restricted stock units at a 1.8449-to-1 factor, rounded to the nearest whole share, and remain governed by the pre‑existing incentive plan.
Under Mr. Covey’s deferral elections, these Rayonier RSUs are deferred, and amounts equal to dividends on the RSUs are credited as additional Rayonier RSUs. The disclosed holdings include 18,526 Rayonier RSUs, which will vest and be paid on the same schedule as the underlying units.
Rayonier Inc. director Linda M. Breard reported initial ownership of 58,960 Rayonier common shares as of January 30, 2026. The filing follows the merger of PotlatchDeltic Corporation into a Rayonier subsidiary, where each Potlatch share converted into 1.8185 Rayonier shares plus $0.61 in cash.
Outstanding Potlatch restricted stock units and stock equivalent units were converted into Rayonier restricted stock units and stock equivalent units at a 1.8449 exchange ratio and are deferred under Rayonier’s existing plan. Breard’s holdings include 46,058 Rayonier RSUs and 12,902 Rayonier DSUs, which accrue additional units based on dividend equivalents.
Rayonier Inc. director Lenore M. Sullivan reported an initial beneficial holding of 60,080 Rayonier common shares as of the PotlatchDeltic merger effective date. This reflects equity received when PotlatchDeltic Corporation merged into a Rayonier subsidiary.
The holding includes 46,058 Rayonier restricted stock units (RSUs) that were converted from Potlatch RSUs using a 1.8449 exchange ratio and then deferred under Rayonier’s existing equity plan. During vesting and deferral, dividend equivalents on these RSUs will be credited as additional Rayonier RSUs and paid on the same schedule as the underlying awards.
Rayonier Inc. director Mark D. Leland has filed an initial ownership report showing beneficial ownership of 56,908 Rayonier common shares, held directly. This reflects equity received in connection with Rayonier’s merger with PotlatchDeltic Corporation, completed through Redwood Merger Sub, LLC.
At the merger’s effective time, each outstanding Potlatch restricted stock unit converted into a Rayonier restricted stock unit using a 1.8449 conversion ratio, rounded to the nearest whole share and governed by the existing equity plan. Pursuant to Leland’s elections under the plan, these Rayonier RSUs are deferred. During vesting and deferral, dividend equivalents will be credited as additional Rayonier RSUs, which will vest and be paid on the same schedule. The total includes 22,833 Rayonier RSUs.
Rayonier Inc. Executive Chairman Eric J. Cremers filed an initial ownership report showing beneficial ownership of 878,783 common shares of Rayonier following the closing of its merger with PotlatchDeltic.
Each Potlatch share was converted into 1.8185 Rayonier common shares plus $0.61 in cash at the merger’s effective time. Potlatch performance share units and restricted stock units converted into Rayonier restricted stock units using stated exchange ratios, with sizeable awards scheduled to vest on December 31 of 2026, 2027 and 2028.
BlackRock, Inc. filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 17,121,124 shares of Rayonier Inc. common stock, representing 10.6% of the outstanding class.
BlackRock has sole voting power over 16,671,038 shares and sole dispositive power over 17,121,124 shares, with no shared voting or dispositive power. The holdings are reported as being acquired and held in the ordinary course of business without the purpose or effect of changing or influencing control of Rayonier.