BASS KEITH E 4

What Happened Keith E. Bass, a director of Rayonier Inc. (NYSE: RYN), was issued 1,047 common shares on 2026-05-29 as an award/acquisition. The shares were valued at $20.89 each, for a total of approximately $21,872. This was an issuance of equity as compensation (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-29 at $20.89 per share
• Shares acquired: 1,047; total value ≈ $21,872
• Shares owned after transaction: Not disclosed in the Form 4 filing
• Footnote: Shares were issued in lieu of the director's quarterly cash retainer under the Non-Employee Director Compensation Election to Receive Shares in Lieu of Cash (per filing footnote F1)
• Filing date: Form 4 filed 2026-06-01 (no late filing indicated in the document)

Context This was a routine director compensation issuance—Rayonier allowed non-employee directors to receive their quarterly retainer in shares instead of cash. Such equity awards are common and reflect compensation choices rather than an explicit buy/sell signal about the insider’s view of the stock.