Rogers W. Rhett 4
4 · RAYONIER INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Rayonier (RYN) EVP Rogers W. Rhett Receives 34,797-Share Award
What Happened
Rogers W. Rhett, EVP, Land Resources at Rayonier Inc. (RYN), was granted/acquired 34,797 shares on January 30, 2026 at a reported price of $0.00 (total $0). The award reflects the conversion/settlement of performance share units (PSUs) in connection with Rayonier’s merger with Potlatchdeltic, which caused outstanding PSUs to be deemed achieved and converted to shares subject only to remaining time-based vesting.
Key Details
- Transaction date: 2026-01-30; Report filed: 2026-02-03 (filed within the two-business-day Form 4 deadline).
- Price: $0.00 per share; total reported cash value = $0.
- Shares reported acquired: 34,797 shares (transaction code A = Award/Grant).
- Post-transaction beneficial ownership: not specified in the filing.
- Footnote: Merger (Potlatch into Rayonier Merger Sub) caused each PSU to be deemed achieved based on the greater of target and actual performance; awards remain subject to original time-based vesting.
- Remaining PSUs noted for Mr. Rhett: 9,804 PSUs vesting 4/1/2026; 11,164 PSUs vesting 4/1/2027; 13,829 PSUs vesting 4/1/2028.
Context
This was an award resulting from a corporate merger-driven PSU conversion rather than an open-market purchase or sale. Such merger-related conversions commonly produce share grants with no cash price and do not by themselves signal a buy or sell decision by the insider.
Insider Transaction Report
- Award
Common Shares
[F1][F2]2026-01-30+34,797→ 129,912.43 total
- 4,142.82(indirect: By Trust)
Common Shares
Footnotes (2)
- [F1]In connection with the terms of the Agreement and Plan of Merger, dated October 13, 2025, by and among Rayonier Inc. ("Registrant"), Potlatchdeltic Corporation ("Potlatch"), and Redwood Merger Sub, LLC, a direct, wholly owned subsidiary of Registrant ("Merger Sub"), Potlatch merged with and into Merger Sub, with Merger Sub surviving as a direct, wholly owned subsidiary of the Registrant (the "Effective Time" and such transaction, the "Merger"). As a result of the Merger, at the Effective Time, a change of control was deemed to occur for each outstanding performance share unit ("PSU") award issued by the Registrant, resulting in each PSU award being deemed achieved based on the greater of target and actual performance. As a result, at the Effective Time, each PSU award was only subject to a time-based vesting condition based on the original vesting date of the PSU prior to the Effective Time.
- [F2]The Reporting Person held 9,804 PSUs, 11,164 PSUs and 13,829 PSUs that will vest on April 1, 2026, April 1, 2027 and April 1, 2028, respectively.