Gingras Marie Manon Lise 4

What Happened
Marie Gingras, Vice President, Human Resources at Rayonier Advanced Materials (RYAM), converted 4,172 restricted stock units (RSUs) into common shares on March 1, 2026. The conversion was at $0.00 per share (no cash paid). As part of the settlement, 1,237 shares were withheld to cover tax obligations at an implied value of $9.47 per share (total withholding value ~$11,714). On the same date she was also granted 3,960 RSUs (awarded, derivative).

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (appears timely).
• Conversion: 4,172 RSUs converted into 4,172 shares (conversion price $0.00).
• Tax withholding: 1,237 shares withheld/disposed at $9.47 per share; total ≈ $11,714. (F code = tax withholding)
• Grant: 3,960 RSUs awarded (A code = grant/award; these are derivative awards, not yet vested shares).
• Footnotes: F1 confirms conversion of 4,172 RSUs into common stock at $0.00; F2 notes each RSU equals one share of common stock.
• Shares owned after the transactions: not reported in the provided filing details.

Context

• These transactions reflect RSU vesting and standard employer tax withholding rather than an open-market purchase or sale. The withholding (disposition) is routine to satisfy tax liabilities and does not necessarily indicate a change in sentiment.
• Codes: M = exercise/conversion of a derivative (here, RSU conversion), F = tax withholding/payment of tax liability, A = grant/award.