Brown Timothy Andrew 4

What Happened

• Timothy Andrew Brown, Vice President, IT at Rayonier Advanced Materials (RYAM), converted 4,470 restricted stock units (RSUs) into 4,470 shares of common stock on 2026-03-01. No cash was paid for the conversion (conversion price $0.00 per share).
• To satisfy tax withholding, 1,326 of those shares were withheld/disposed at an indicated value of $9.47 per share, totaling $12,557. After withholding, the conversion resulted in a net issuance of 3,144 common shares to Brown (4,470 converted − 1,326 withheld).
• The filing also shows a grant/award of 3,960 RSUs (derivative award) on the same date (acquired as RSUs at $0.00 per share). These RSUs represent contingent rights to receive common stock in the future per the award terms.

Key Details

• Transaction date: March 1, 2026; filing date: March 3, 2026 (timely filing).
• Conversion: 4,470 RSUs → 4,470 common shares at $0.00 per share.
• Tax withholding: 1,326 shares withheld/disposed @ $9.47 = $12,557 (code F).
• New award: 3,960 RSUs granted (code A); each RSU = right to one share (per footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 confirms RSU conversion at $0.00; F2 states each RSU equals one contingent share. No 10b5‑1 plan or late-filing indication in the disclosure.

Context

• This was not a cash purchase or an open‑market sale of shares for investment purposes: it was an RSU conversion with shares withheld to cover tax obligations (a common, administrative transaction) plus a new RSU grant. The withheld shares are tax-related and don’t necessarily indicate sentiment. The newly granted RSUs are a future compensation entitlement and typically vest under a schedule not detailed in this filing.