T. Rowe Price discloses 16.2M-share stake in Rayonier (RYN)

Rhea-AI Filing Summary

Rayonier Inc. ownership update: T. Rowe Price Associates, Inc. reports beneficial ownership of 16,225,662 shares of Rayonier common stock, representing 5.4% of the class. The filing shows sole voting power of 16,216,980 shares and sole dispositive power of 16,225,662. The filing is an amended Schedule 13G/A signed by Ellen York on 05/15/2026. The filer also includes a statement denying beneficial ownership in the filing text.

Insights

Institutional Ownership Analyst

Large passive holding disclosed: 16,225,662 shares (5.4%).

The amendment reports 16,225,662 shares and 5.4% ownership with sole voting and dispositive power counts provided. This identifies T. Rowe Price as a sizable holder in the register, a level often requiring monitoring for potential schedule updates.

Disclosure does not state intent to trade or change holdings; subsequent filings would show activity or voting changes.

Corporate Governance Specialist

Voting and disposition figures are explicit; filer disclaims beneficial ownership.

The filing lists sole voting power: 16,216,980 and sole dispositive power: 16,225,662, which are the operative control figures reported. The amendment format is typical when institutional reports change or are corrected.

The document includes a denial clause stating the filer does not admit beneficial ownership; governance implications hinge on actual control versus reported powers.

Key Figures

Amount beneficially owned: 16,225,662 shares Percent of class: 5.4% Sole voting power: 16,216,980 shares +2 more

5 metrics

Amount beneficially owned 16,225,662 shares Amount beneficially owned reported in Schedule 13G/A

Percent of class 5.4% Percent of class reported alongside share count

Sole voting power 16,216,980 shares Number with sole voting power reported in Item 4

Sole dispositive power 16,225,662 shares Number with sole dispositive power reported in Item 4

Filing signature date 05/15/2026 Signature date on the amendment

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, sole voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 15 ) RAYONIER INC ... Item 1. (a) Name of issuer"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned regulatory

"Item 4. Ownership (a) Amount beneficially owned: 16225662"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Item 4. (iii) Sole power to dispose or to direct the disposition of: 16225662"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

sole voting power regulatory

"Item 4. (i) Sole power to vote or to direct the vote: 16216980"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 15)

RAYONIER INC

(Name of Issuer)

REIT

(Title of Class of Securities)

754907103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 754907103

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 16,216,980.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,225,662.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,225,662.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RAYONIER INC
(b)	Address of issuer's principal executive offices: 225 WATER STREET, SUITE 1400, JACKSONVILLE, FL, 32202
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 754907103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 16225662
(b)	Percent of class: 5.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 16216980
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 16225662
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026

FAQ

What stake does T. Rowe Price report in RYN?

T. Rowe Price reports ownership of 16,225,662 shares, representing 5.4% of Rayonier's class. The filing also lists sole voting power of 16,216,980 shares and was signed on 05/15/2026.

Does the Schedule 13G/A indicate T. Rowe Price is the beneficial owner of RYN shares?

The filing states the numeric voting and dispositive powers but includes an explicit clause in which T. Rowe Price "expressly denied" beneficial ownership. The amendment therefore reports control figures while containing a denial statement signed by Ellen York.

What specific control numbers are listed in the RYN amendment?

The amendment lists sole voting power: 16,216,980 and sole dispositive power: 16,225,662. The total amount beneficially owned is listed as 16,225,662 shares, equal to the dispositive power figure and representing 5.4%.

When was the Schedule 13G/A amendment for RYN signed?

The amendment was signed by Ellen York, Vice President, with the signature date shown as 05/15/2026. The cover shows an amendment number and the filing references the issuer as Rayonier Inc..