Tice April J. 4

What Happened
April J. Tice, Senior Vice President & Chief Accounting Officer of Rayonier Inc. (RYN), was credited with 27,933 shares as an award on January 30, 2026. The filing reports the acquisition at $0.00 (transaction code A — grant/award). This grant represents performance share units (PSUs) that were deemed achieved as a result of Rayonier’s merger with Potlatchdeltic (effective Oct 13, 2025) and were converted to share awards subject only to remaining time-based vesting.

Key Details

• Date: 2026-01-30
• Transaction: Award/acquisition (code A) of 27,933 shares reported at $0.00 per share
• Vesting schedule (per footnote): 3,771 shares vest April 1, 2026; 10,779 on April 1, 2027; 13,383 on April 1, 2028
• Why it happened: Merger with Potlatch triggered a change of control that treated each PSU as achieved (greater of target or actual performance) and removed performance conditions, leaving only time-based vesting
• Filing timeliness: No late filing indicated in the report

Context
These were previously outstanding PSUs that converted to share awards because of the merger’s change-of-control provisions; they are not open-market purchases or sales. The award is reported at $0.00 because it’s a non-cash grant (value for investors is market-price dependent and subject to the remaining vesting schedule).