Ruperto Frank A 4
4 · RAYONIER ADVANCED MATERIALS INC. · Filed Mar 5, 2019
Insider Transaction Report
Form 4
Ruperto Frank A
CFO, SVP Finance & Strategy
Transactions
- Award
Common Stock
2019-03-01+215,268→ 343,303 total - Tax Payment
Common Stock
2019-03-01$14.10/sh−61,472$866,755→ 281,831 total - Disposition to Issuer
Common Stock
2019-03-01$14.65/sh−92,995$1,362,377→ 188,836 total - Award
Restricted Stock Units
2019-03-01+20,478→ 20,478 totalFrom: 2022-03-01Exp: 2022-03-01→ Common Stock (20,478 underlying)
Holdings
- 5,757.299(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]In 2016 (when this Long-Term Incentive ("LTI") grant was awarded), the Company's Equity Incentive Plan had a share cap limit of 180,000 shares per person, per annum. Therefore, Mr. Ruperto's 2016 LTI award was paid approximately 57% in performance shares under the Equity Incentive Plan and approximately 43% in phantom stock units to be settled in cash that tracked the terms and performance goals for performance shares.
- [F2]The different prices reflect treatment required under the terms of the Company's Equity Incentive Plan.
- [F3]On March 1, 2019, 92,995 of the reporting person's phantom stock units were settled in cash.
- [F4]Shares are held in the Rayonier Advanced Materials Investment and Savings Plan, a 401(k) plan, for this person's account.
- [F5]Each restricted stock unit represents a contingent right to receive one share of RYAM common stock.