LELAND D MARK 4

What Happened Leland D. Mark, a director of Rayonier Inc. (RYN), was granted 6,811 restricted shares on 2026-05-15 at a reported value of $19.82 per share, totaling $134,994. The transaction is reported as an award/grant (code A) — a compensation grant for board service rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-05-15; 6,811 shares @ $19.82 each; total value $134,994.
• Shares owned after transaction: Not disclosed in this filing.
• Transaction type/code: A — Grant/award of restricted stock.
• Vesting/transfer restrictions (Footnote 1): Award vests immediately but is subject to transfer restrictions until the earlier of four years from grant or six months after the reporting person ceases to serve on the board.
• Dividend equivalent units (Footnote 2): Includes 287.9 dividend equivalent units (DEUs) acquired since the last report; these DEUs will vest and be paid with the underlying award and are subject to any deferral election.
• Filing timeliness: Report filed 2026-05-19 for a 2026-05-15 transaction; filed within the SEC’s two-business-day window (timely).

Context This was a compensation grant to a non-executive director for board service. Such awards are routine and reflect compensation, not an open-market investment by the insider. The immediate vesting means the holder owns the shares, but transfer restrictions limit sale or transfer for up to four years (or shorter if they leave the board).