McHugh Mark 4

What Happened

• Mark McHugh, President & CEO and a director of Rayonier (RYN), had 18,384 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were withheld at $20.86 per share, generating proceeds (value withheld) of about $383,490 across four withholding events on April 1, 2026. These transactions are routine tax-withholding dispositions rather than open-market sales.

Key Details

• Transaction date: April 1, 2026; reported on Form 4 filed April 3, 2026.
• Withheld share lots and values:
  • 1,412 shares @ $20.86 = $29,454
  • 7,716 shares @ $20.86 = $160,956
  • 4,288 shares @ $20.86 = $89,448
  • 4,968 shares @ $20.86 = $103,632
• Total shares withheld: 18,384; total value: ~$383,490.
• Footnote: F1 — shares withheld to cover the tax withholding obligation due to vesting of restricted stock.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing timeliness: Reported within days of the transaction (filed Apr 3 for Apr 1 transactions); no late filing flag indicated.

Context

• This is a tax-withholding disposition tied to RSU vesting (transaction code F), not an active sale signaling a change in investment stance. Such withholdings are common when restricted stock vests and do not necessarily reflect the insider’s view on the company’s prospects.