Breard Linda M. 4

What Happened Linda M. Breard, a director of Rayonier Inc. (RYN), was granted 6,811 restricted shares on May 15, 2026 at a reported value of $19.82 per share, totaling $134,994. The award was granted as compensation for Board service. The shares vest immediately but are subject to transfer restrictions (see details below).

Key Details

• Transaction date: 2026-05-15; filing date: 2026-05-19 (filed within the two-business-day Form 4 window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 6,811; price/value used: $19.82 per share; total value: $134,994.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote highlights:
  • F1: The restricted stock vests immediately but cannot be transferred until the earlier of four years from the grant or six months after Breard ceases Board service.
  • F2: The award includes 743.4 dividend equivalent units (DEUs) accumulated since the last report; DEUs vest/pay with the underlying award and are subject to any deferral election under the plan.
• No indication in the filing that this was part of a 10b5-1 plan, tax-withholding sale, or late filing.

Context This was a compensation grant to a board member (routine for non-employee directors) rather than an open-market purchase or sale. Such director awards reflect standard pay practices and do not by themselves signal the director buying or selling shares based on private views of the company. Retail investors may want to track overall insider holdings and subsequent transactions for additional context.