BASS KEITH E 4

What Happened

• Keith E. Bass, a member of Rayonier Inc.'s Board of Directors, was awarded 6,811 restricted shares (transaction code A) on May 15, 2026. The reported grant price is $19.82 per share, for a total value of $134,994. This was a compensation award to a director (an acquisition by grant), not an open-market purchase or sale.

Key Details

• Transaction date and price: May 15, 2026 — 6,811 shares at $19.82 each.
• Total value: $134,994 (reported).
• Shares owned after transaction: Not specified in this filing.
• Filing date: Form 4 filed May 19, 2026 — appears to meet the two-business-day filing requirement (timely).
• Footnote: The shares are restricted stock granted for board service; they vest immediately but are subject to transfer restrictions until the earlier of four years from the grant date or six months after the director ceases Board service.

Context

• This is a standard board compensation award and should be read as a non-market acquisition (compensation), not necessarily a bullish signal about the company’s stock. As a director-level grant (not a 10% owner or executive option exercise), it’s routine disclosure of compensation-related equity.