McHugh Mark 4

What Happened Mark McHugh, President & CEO and a director of Rayonier Inc. (RYN), was granted/awarded 113,687 shares (reported as $0.00 per share) on January 30, 2026. This award is not an open-market purchase or sale — it reflects performance share units (PSUs) that were deemed achieved in connection with Rayonier’s merger and are now subject only to time-based vesting.

Key Details

• Transaction date: 2026-01-30; Form 4 filed 2026-02-03.
• Transaction type/code: Award/Grant (A). Reported acquisition: 113,687 shares at $0.00 per share (no cash paid).
• Composition of the award: 19,608 PSUs vesting April 1, 2026; 43,579 PSUs vesting April 1, 2027; 50,500 PSUs vesting April 1, 2028 (total = 113,687).
• Footnote significance: Per the merger agreement, outstanding PSUs were treated as achieved at the change of control and converted to time-vesting awards tied to their original vesting dates.
• Shares owned after transaction: Form shows the PSUs above now awarded/converted; the filer’s total common-share ownership (including previously held shares) is not provided in this summary.
• Filing timeliness: Reported on Feb 3 for a Jan 30 transaction (no late-filing flag indicated in the provided data).

Context

• This was a merger-driven award conversion, not a buy or sale — it does not reflect a direct market purchase or disposition by the insider.
• The award’s cash value isn’t shown on the form (reported at $0.00); actual economic value depends on Rayonier’s future stock price at vesting and any settlement terms.
• For retail investors: merger-related PSU accelerations are common in change-of-control deals and primarily affect future vesting timing and potential dilution rather than signaling immediate insider buying or selling.