BASS KEITH E 4

What Happened

• Keith E. Bass, a director of Rayonier Inc. (RYN), received 1,017 common shares on Feb 27, 2026 as an award/compensation. The shares were valued at $21.49 each, for a total value of about $21,855. This was issuance of shares in lieu of cash compensation (not an open-market purchase).

Key Details

• Transaction type: Award/Grant (code A) — shares issued as director compensation.
• Transaction date: 2026-02-27; Filing date: 2026-03-02 (timely filing).
• Price per share: $21.49; Total value: $21,855 (1,017 shares).
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: Shares issued in payment of the reporting person’s Q4 2025 quarterly retainer under his election to receive shares instead of cash.
• Footnote F2: Filing notes inclusion of 1,684 shares acquired from a special dividend received on Dec 12, 2025 (affects reported holdings).

Context

• This is routine director compensation (shares issued in lieu of cash) and does not indicate an open-market purchase or a sale. Such issuances are standard and reflect pay choice rather than a direct signal about the director’s view of the stock.