Slaughter Richard Colby 4

What Happened

• Richard Colby Slaughter, SVP, General Counsel & Corporate Secretary of Rayonier Advanced Materials (RYAM), converted 16,091 restricted stock units (RSUs) into common shares on March 1, 2026. No cash was paid for the conversion (conversion price $0.00 per share).
• To satisfy tax withholding obligations tied to the RSU settlement, 3,777 shares were withheld/disposed at an indicated value of $9.47 per share, totaling about $35,768. The filing also shows an award/grant of 15,840 RSU-type derivatives (acquired at $0.00).

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (appears timely).
• Conversion: 16,091 RSUs converted into 16,091 common shares (conversion price $0.00). The corresponding derivative units were terminated.
• Tax withholding: 3,777 shares withheld/disposed to cover taxes, valued at $9.47 each (~$35,768).
• Grant: 15,840 RSU-style units reported as acquired (derivative award at $0.00).
• Footnotes: F1 confirms the 16,091 RSUs converted into common stock at $0.00 per share; F2 notes each RSU entitles the holder to one share.
• Shares owned after the transaction: not specified on the Form 4.

Context

• This was not an open-market sale for cash but a routine net settlement/tax withholding tied to RSU vesting/conversion—common practice when RSUs convert to shares. The conversion and withholding do not necessarily indicate a change in the insider’s view of the company; they reflect compensation settlement and tax obligations.