Moeltner Marcus J. 4

What Happened
Marcus J. Moeltner, CFO and SVP, Finance of Rayonier Advanced Materials (RYAM), had 25,030 restricted stock units (RSUs convert) vest and convert into common shares on 2026-03-01. To cover tax withholding related to that vesting, 9,745 shares were surrendered (disposed) at an effective value of $9.47 per share, totaling $92,285. The filing also shows a grant/award of 27,720 RSUs on the same date. These actions reflect routine RSU vesting and tax withholding rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-01 (Form 4 filed 2026-03-03 — timely within typical 2-business-day window).
• Conversions/vests: 25,030 RSUs converted into 25,030 common shares (conversion price $0.00).
• Tax withholding: 9,745 shares surrendered at $9.47/share for $92,285 (code F).
• Grant: 27,720 RSUs reported as an award/derivative acquisition (code A, $0.00 price).
• Shares owned after transaction: Not stated in the filing.
• Footnotes: F1 notes the conversion of 25,030 RSUs into common stock at $0.00 per share; F2 notes each RSU equals one share.

Context

• These were derivative/RSU transactions: "M" entries reflect conversion/exercise of RSUs, and "A" is a grant/award of additional RSUs.
• The 9,745-share disposition was a tax-withholding action (common with vested RSUs), not an open-market sale; this is essentially a cashless way to satisfy tax obligations.
• Such vesting and withholding transactions are routine and do not by themselves indicate a bullish or bearish signal from the insider.