Duffy Kenneth James 4

4 · RAYONIER ADVANCED MATERIALS INC. · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

RYAM SVP Kenneth Duffy Converts RSUs; 4,739 Shares Withheld

What Happened

Kenneth J. Duffy, Senior Vice President, Paperboard (Rayonier Advanced Materials, RYAM), converted 8,940 restricted stock units (RSUs) into common shares on 2026-03-01. Of those, 4,739 shares were withheld to satisfy tax withholding at $9.47 per share (value reported $44,878). Net delivered shares from the conversion were 4,201. On the same date he was also granted 6,336 RSUs (derivative award) under the company plan.
This was not an open-market sale by the insider; the 4,739-share disposition reflects tax withholding in connection with the RSU conversion (routine administrative action).

Key Details

Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely filing).
Conversion: 8,940 RSUs converted to common stock (code M, conversion price $0.00 per share).
Tax withholding: 4,739 shares withheld/disposed (code F) at $9.47 per share = $44,878.
Grant: 6,336 RSUs awarded (code A) at $0.00 (derivative award).
Footnotes: RSUs convert 1:1 into common shares; conversion required no cash payment (per filing).
Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

RSU conversions with share-withholding for taxes are a common, administrative occurrence (a cashless settlement) and do not necessarily indicate a purchase or sale decision by the insider.
The 6,336 RSUs are an award (derivative) and typically vest later before converting to shares; they are not immediately marketable common stock.

Form 4

Period: 2026-03-01

SVP, Paperboard/HYP

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-01+8,940→ 29,686 total
Tax Payment
Common Stock
2026-03-01$9.47/sh−4,739$44,878→ 24,947 total
Exercise/Conversion
Restricted Stock Units
[F2]
2026-03-01−8,940→ 0 total
From: 2026-03-01Exp: 2026-03-01→ Common Stock (8,940 underlying)
Award
Restricted Stock Units
[F2]
2026-03-01+6,336→ 6,336 total
From: 2029-03-01Exp: 2029-03-01→ Common Stock (6,336 underlying)

Footnotes (2)

[F1]This transaction represents the conversion of 8,940 RSUs (Restricted Stock Units) into common stock, at a conversion price of $0.00 per share, in accordance with the terms of the RSU agreement. No monetary payment was made for the conversion.
[F2]Each restricted stock unit represents a contingent right to receive one share of RYAM common stock.

Signature

Brenda K. Davis, Attorney-in-Fact|2026-03-03

1 file