Rollins Jared Timothy 4

What Happened

• Jared Timothy Rollins, CAO & VP Corporate Controller of Rayonier Advanced Materials (RYAM), converted 5,364 restricted stock units (RSUs) into common shares on 2026-03-01. The conversion price was $0.00 (no cash paid).
• To satisfy tax withholding, 1,591 of those shares were surrendered/disposed at $9.47 per share, totaling about $15,067. Separately, Rollins was granted 3,168 RSUs (award) on the same date.

Key Details

• Transaction date: March 1, 2026; Form filed March 3, 2026 (timely).
• Conversion/exercise: 5,364 RSUs converted to common stock (conversion price $0.00).
• Tax withholding: 1,591 shares disposed at $9.47 each = $15,067 (code F).
• Grant: 3,168 RSUs awarded (code A) at $0.00 (contingent rights to shares).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 confirms conversion of RSUs into common stock with no cash payment; F2 notes each RSU represents the right to one share.

Context

• This was an RSU conversion/net tax settlement rather than an open-market buy or sell. The withholding of 1,591 shares to cover taxes is a routine administrative step (similar to a cashless/net settlement) and does not necessarily indicate a change in the insider’s market view.
• The simultaneous award of 3,168 RSUs represents future contingent compensation and is common in executive compensation plans.