CORR CHRISTOPHER T 4

What Happened

• Christopher T. Corr, Senior Vice President, Real Estate Development at Rayonier Inc. (RYN), was awarded/received 18,164 shares on 2026-01-30. The shares were reported as acquired at $0.00 (total $0) under an award (transaction code A).
• Per the filing, the award resulted from the October 13, 2025 merger with Potlatchdeltic Corporation that caused outstanding performance share unit (PSU) awards to be deemed achieved; they are now only subject to original time-based vesting.

Key Details

• Transaction date: 2026-01-30; Filing date (Form 4): 2026-02-03 (filed within the SEC’s two-business-day window).
• Transaction type/code: A = Award/Grant; 18,164 shares acquired at $0.00 (no cash paid).
• Vesting detail: The 18,164 shares reflect PSUs scheduled to vest on April 1 of 2026, 2027 and 2028 — 5,430; 5,775; and 6,959 shares, respectively (footnote).
• Footnote summary: Merger caused each PSU to be deemed achieved based on the greater of target or actual performance; after the Effective Time they remain subject only to their original time-based vesting.
• No indication in the filing of an immediate sale, tax withholding, or 10b5-1 plan.

Context

• This is an award/vesting event triggered by a change of control (merger), not an open-market purchase or sale. Such merger-related accelerated achievement of PSUs is common and reflects contract terms rather than an independent buy/sell decision by the insider.