Rayonier Advanced Materials (RYAM) VP Michael D. Osborne Receives Award

What Happened
Michael D. Osborne, Vice President, Manufacturing at Rayonier Advanced Materials Inc. (RYAM), was granted 11,554 leveraged performance units (LPUs) on 2026-08-27. The award was recorded as a derivative acquisition at $0.00 per unit because LPUs are contingent performance-based awards rather than an immediate stock purchase. The target award is 11,554 LPUs; actual shares received at vesting will depend on performance and could range from 0% to 250% of target.

Key Details

• Transaction date: 2026-08-27; filing date: 2026-08-31 (report shows the grant on Aug 27 and the Form 4 filed Aug 31).
• Instrument: 11,554 Leveraged Performance Units (LPUs) granted (derivative award), acquisition price reported as $0.00.
• Vesting/performance: LPUs convert to common stock only upon vesting, subject to specified performance criteria over a three-year performance period. Payout range is 0%–250% of the target award.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: LPUs granted under the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan (see footnotes F1–F3). No tax-withholding, 10b5-1, or late-filing issues are noted in the filing.

Context
This is a performance-based equity grant (not an open-market purchase or sale). Such awards tie future share delivery to company performance and continued employment; they do not represent an immediate change in beneficial ownership of common stock until/if they vest and convert.