Tice April J. 4

What Happened
April J. Tice, SVP & Chief Accounting Officer of Rayonier, was granted 111 restricted stock units on Feb 2, 2026. The units were recorded at $22.57 per share for a grant value of $2,505. This transaction is an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-02; price reported: $22.57 per share; total value: $2,505.
• Shares issued/acquired: 111 RSUs.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: RSUs vest in four equal annual installments beginning on the first anniversary of the grant, subject to continued employment. (Footnote F1)
• Filing: Form 4 filed 2026-02-04 (appears timely based on the reported transaction date).
• Transaction code: A = Award/Grant of restricted stock units.

Context
Restricted stock unit grants are a form of compensation that vest over time and do not represent an immediate open‑market purchase or sale. Because vesting is contingent on continued employment, these awards are typically part of an executive pay package rather than a direct market sentiment signal. This particular grant is modest in dollar amount.